Workday posts lukewarm quarterly subscription revenue, shares fall

Core Insights - Workday reported third-quarter subscription revenue that met Wall Street estimates, indicating a potential slowdown in demand, which led to a nearly 7% decline in its shares during extended trading [1] Company Summary - Workday's subscription revenue for the third quarter was in line with expectations, suggesting that the company is experiencing softer demand in the market [1] - The market reaction to the earnings report was negative, with shares dropping nearly 7% in after-hours trading, reflecting investor concerns about future growth prospects [1]