💨 Abstract

Workday, a California-based human capital management software provider, reported stronger-than-expected fourth-quarter revenue on Tuesday. The increase in revenue was attributed to increased client spending in a recovering economy, cooling inflation, and a stable job market. The company's incorporation of generative artificial intelligence (GenAI) and machine learning into its product offerings has boosted investor confidence. Workday forecasts subscription revenue for the first quarter to be $2.05

Courtesy: theprint.in

Summarized by Einstein Beta 🤖