Workday Stock Plunges Amid Soft Subscription Revenue Guidance

Key Takeaways Workday (WDAY) shares plunged more than 11% in extended trading Thursday after the cloud-based professional services company provided softer-than-expected current-quarter and full-year subscription revenue guidance. For the current quarter ending July 31, the company guided subscription revenue coming in at $1.895 billion, missing estimates of $1.903 billion. Looking at the fiscal 2025 full year, the company trimmed its subscription revenue forecast to between $7.7 billion and $7.725 billion f ...