Shares up nearly 15% premarket (Il Sole 24 Ore Radiocor) - New York, 23 Aug - Shares in Workday surged in premarket trading after the the human-resources and software provider beat second-quarter expectations and raised its margin target.

The company said its profit in the three months ended July 31 were 132 million dollars, or 0.49 dollars a share, compared to 79 million, or 0.30 a share, in the same period last year.

Adjusted EPS was 1.75 dollars, compared with a consensus forecast of 1.74.

Revenue in the three months rose 16.7% to 2.085 billion dollars, higher than a consensus of 2.07 billion.

"Our second quarter performance was ahead of our expectations across our key financial metrics," CFO Zane Rowe.

"We see a macroeconomic environment consistent with last quarter and are reiterating our full-year FY25 subscription revenue guidance while slightly raising our expectation for FY25 non-GAAP operating margin." Workday shares were up nearly 15% premarket.

AAA-Sje

(RADIOCOR) 23-08-24 14:53:04 (0301) 5 NNNN