Investing.com - Workday reported on Monday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Workday announced earnings per share of $0.78 on revenue of $1.38B. Analysts polled by Investing.com anticipated EPS of $0.7093 on revenue of $1.36B.
Workday shares are down 16.15% from the beginning of the year and are trading at $229.05 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is down 12.76% from the start of the year.
Workday follows other major Information Technology sector earnings this month
Workday's report follows an earnings beat by NVIDIA on February 16, who reported EPS of $1.32 on revenue of $7.64B, compared to forecasts EPS of $1.23 on revenue of $7.42B.
Cisco had beat expectations on February 16 with second quarter EPS of $0.84 on revenue of $12.72B, compared to forecast for EPS of $0.81 on revenue of $12.66B.
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