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Why Workday Stock Popped Today

TheMotleyFool

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Shares of Workday (NASDAQ: WDAY) have popped today, up by 12% as of 1:13 p.m. EDT, after the company reported second-quarter earnings. Workday also promoted executive Chano Fernandez to co-CEO, joining co-founder and current CEO Aneel Bhusri.

Revenue in the fiscal second quarter increased 20% to $1.06 billion, topping the consensus estimate of $1.04 billion. That resulted in adjusted earnings per share of $0.84, ahead of the $0.66 per share in adjusted profits that Wall Street was expecting.

Image source: Workday.

Source Fool.com

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