Cloud application provider Workday Inc. (WDAY), on Wednesday posted first-quarter net loss of $46.5 million or $0.19 per share, lower than net loss of $158.4 million or $0.68 per share in the year-ago quarter. Excluding certain items, the company reported a profit of $226.4 million or $0.87 per share, compared to $108.7 million or $0.44 per share in the same period last year. On average, 26 analysts polled by Thomson Reuters expected the company to report earnings of $0.73 per share in the quarter. Analysts' estimates, usually exclude, one-time items. Total revenues climbed 15.4 percent to $1.18 billion in the first quarter from 1.02 billion in the prior-year period. On average, 23 analysts expected the company to post revenues of $1.16 billion in the quarter.
Looking ahead, the company raised its fiscal 2022 guidance for subscription revenue to between $4.43 billion and $4.44 billion, a 17 percent growth. The company also expects a 18 percent growth in subscription revenue to between $1.095 billion to $1.097 billion in the second quarter.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.