5 Companies Under Investors’ Radar After Releasing their Earnings Reports

1. Workday, Inc. (NASDAQ:WDAY)

Number of Hedge Fund Holders: 74

Shares of Workday, Inc. (NASDAQ:WDAY) rose to a nearly one-month high in the pre-market trading session on Tuesday, March 1, 2022, after delivering impressive financial results for its fiscal fourth quarter.

Workday, Inc. (NASDAQ:WDAY) reported adjusted earnings of 78 cents per share, up from 73 cents per share in the year-ago period. Revenue for the quarter came in at $1.38 billion, compared to $1.13 billion in the same quarter last year.

Subscription revenue for the quarter jumped 22 percent to $1.23 billion. Analysts expected Workday, Inc. (NASDAQ:WDAY) to report earnings of 71 cents per share on $1.36 billion in revenues.

Looking forward, Workday, Inc. (NASDAQ:WDAY) raised its FY 2023 subscription revenue guidance to a range of $5.530 – $5.550 billion.

Speaking on the results, co-CEO Aneel Bhusri said:

“We closed out the year with another strong quarter that saw continued acceleration of our business, including a growing global workforce and a relentless focus on employees, customers, and innovation. We continue to see increasing demand for our broad suite of finance and HR solutions, as we help some of the world’s largest organizations – and more than 60 million users – navigate the changing world of work.”

You can also take a peek at 10 Best Financial Services Stocks to Buy Now and 10 Undervalued Dividend Kings To Buy In 2022.

Follow Insider Monkey on Twitter