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Will Top-Line Expansion Improve Workday's Q2 Earnings?
Workday, Inc. (NASDAQ: WDAY) is set to release second-quarter fiscal 2025 results on Aug 22, after the closing bell. It pulled off a trailing four-quarter earnings surprise of 10.89%, on average.
Based in Pleasanton, CA, WDAY is expected to have recorded higher revenues on the back of solid demand for its human capital management (HCM) and financial management solutions across different end markets.
Factors at Play
During the quarter, Workday witnessed solid traction for the Workday Government Cloud solution as U.S. federal entities speed up their HR process modernization efforts. The Workday Government Cloud offers essential tools and insights, enabling organizations to optimize their workforce efficiently. Defense Intelligence Agency and a prominent U.S. federal organization have opted to utilize Workday Government Cloud to enhance and streamline their HR processes. This is likely to have generated incremental revenues in the second quarter.
In the quarter under review, WDAY collaborated with Google to expedite intelligent AI native app development in the Workday Extend platform. Under this collaboration, the company also launched its technology platforms ...