Workday Stock Fall As Q3 Earnings Beat Estimates: Details

Core Insights - Workday, Inc. reported third-quarter earnings that exceeded analyst expectations, with earnings per share at $2.32 compared to the estimated $2.18, and revenue of $2.43 billion surpassing the $2.42 billion forecast [2][3] Financial Performance - Quarterly earnings per share were $2.32, beating the analyst estimate of $2.18 [2] - Quarterly revenue reached $2.43 billion, slightly above the Street estimate of $2.42 billion [2] - Subscription revenues amounted to $2.24 billion, reflecting a 14.6% increase year-over-year [5] - The 12-month subscription revenue backlog was $8.21 billion, up 17.6% from the same period last year [5] - Total subscription revenue backlog increased to $25.96 billion, marking a 17% year-over-year growth [5] Strategic Commentary - CEO Carl Eschenbach highlighted the strength and diversity of Workday's business, emphasizing the momentum in their AI portfolio [3] - The company aims to unify people, money, and AI agents on a single platform to enhance customer capabilities and drive meaningful results [4]