Workday Inc. (NASDAQ: WDAY) saw its shares soar 7.23% in the after-hours trading session on Tuesday, as the company reported better-than-expected fourth-quarter results and announced the appointment of a new president for product and technology.
For the quarter ended January 31, 2025, Workday posted an adjusted earnings per share of $1.92, surpassing analysts' consensus estimate of $1.78. The company's revenue also exceeded expectations, reaching $2.21 billion compared to the estimated $2.18 billion. This marks a 15.04% year-over-year increase in revenue.
In a separate announcement, Workday named Gerrit Kazmaier as the new president of product and technology, effective March 10. Kazmaier joins Workday from Google Cloud, where he led the data analytics and business intelligence division, bringing extensive experience in driving innovation in enterprise software and AI transformation.
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