Investing.com - Workday reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Workday announced earnings per share of $0.5 on revenue of $976.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of $0.4 on revenue of $964.64M. That with comparison to EPS of $0.41 on revenue of $788.63M in the same period a year before.Workday had reported EPS of $0.53 on revenue of $938.1M in the previous quarter.Analysts are expecting EPS of $0.49 and revenue of $1B in the upcoming quarter.
Workday shares are up 4.07% from the beginning of the year and are trading at $171.15 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is down 4.15% year to date.
Workday follows other major Technology sector earnings this month
Workday's report follows an earnings beat by Microsoft on Wednesday, January 29, 2020, who reported EPS of $1.51 on revenue of $36.91B, compared to forecasts EPS of $1.05 on revenue of $32,512M.
Alphabet C had beat expectations on Monday, February 3, 2020 with fourth quarter EPS of $15.35 on revenue of $46.08B, compared to forecast for EPS of $12.49 on revenue of $46.93B.
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