Workday shares rise as company raises 2027 margin targets
During a television interview on CNBC’s Squawk Box at the World Economic Forum in Davos, Switzerland, on January 18, 2024, Workday co-CEO Carl Eschenbach spoke about the company’s recent successes. Workday shares rose as much as 14% on Friday, buoyed by the company’s release of fiscal second-quarter results that beat Wall Street forecasts, along with an ambitious plan to increase adjusted operating margin by 2027. Financial Highlights Earnings per share (EPS): $1.75 adjusted, beating forecast of $1.65 Income: Reported at $2.085 billion, beating expectations of $2.071 billion Workday reported a 17% annual increase in both total revenue and subscription revenue…








