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Workday Inc Class A WDAY Stock Quote

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Morningstar‘s Stock Analysis WDAY

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Is it the right time to buy or sell?

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Workday Posts a Stellar Quarter and Prepares to Navigate Near-Term Headwinds; Shares Attractive

Julie Bhusal Sharma Equity Analyst

Analyst Note

| Julie Bhusal Sharma |

Wide-moat Workday exceeded FactSet expectations in its third-quarter results for both the top and bottom line. Management adjusted the range of their full-year 2023 outlook and provided preliminary guidance for fiscal 2024, reflecting Workday’s strong win momentum amid macroeconomic uncertainty. We view Workday as the long-term winner within enterprise resource planning in the future, as we expect cloud-first ERP vendors to “rebundle” the ERP modules that they themselves broke up when they were founded, when they originally catered to one portion of the ecosystem. We balance near-term headwinds with our long-term thesis for Workday and maintain our fair value estimate of $229 per share. With shares trading around $155 after hours (up about 9% upon results), we think shares are attractive.

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Key Statistics WDAY

Company Profile WDAY

Business Description

Workday is a software company that offers human capital management, or HCM, financial management, and business planning solutions. Known for being a cloud-only software provider, Workday is headquartered in Pleasanton, California. Founded in 2005, Workday now employs over 12,000 employees.

6110 Stoneridge Mall Road
Pleasanton, CA, 94588
T +1 925 951-9000
Industry Software - Application
Most Recent Earnings Oct 31, 2022
Fiscal Year End Jan 31, 2023
Employees 15,200

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