Workday’s Modest Subscription Revenue Growth Forecast Triggers Share Price Decline
Workday, a leading provider of cloud-based human capital management (HCM) and financial management software, recently announced a forecast predicting modest subscription revenue growth for the upcoming fiscal year. This announcement has sent ripples through the investment community, triggering a notable decline in the company’s share price. This development marks a significant moment for Workday and provides valuable insights into the broader enterprise software market dynamics.