Workday stock rose about 6% Wednesday after the software company reported fourth-quarter earnings ahead of expectations. The company, which specializes in clients' human-resources and finance needs, reported sales and earnings ahead of consensus estimates late Tuesday,

Workday beat Wall Street expectations for fourth-quarter revenue on Tuesday, benefiting from strong demand for its human capital management software as clients increased spending in an easing economy.

Workday (NYSE:WDAY) , a cloud-based enterprise software provider specializing in financial and human resource management, recently announced its fourth-quarter fiscal

The after-hours gain recorded today likely will mean Workday’s stock is essentially flat in the year-to-date, slightly off the pace of the broader S&P 500 index, which is up 1% so far.

Workday is also slicing down 8.5% of its headcount and automating functions with AI. Find out why I upgrade WDAY stock from sell to hold.

Investors are bracing for a busy week of data. I watch the news but I pay more attention to how the market reacts to the news.

Workday has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 0.8% on average. Looking at Workday’s peers in the finance ...

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