Workday Q4 earnings top estimates; acquires HiredScore to boost AI efforts

February 26, 2024 4:20 PM EST - Workday reported Monday better-than-expected fourth-quarter earnings, and announced that it had acquired HR firm HiredScore in a boost to its artificial capabilities.

Workday Inc (NASDAQ: WDAY) fell about 5% in after-hours trade following the report.

For the three months ended Jan. 31, Workday announced earnings per share of $1.57, up from $0.99 a year earlier, on revenue of $1.92 billion, up from $1.65B a year earlier. Analysts polled by anticipated EPS of $1.47 on revenue of $1.92B.

In a separate announcement, the company it had acquire HiredScore, with the transaction expected to close in the first quarter of Workday's fiscal year 2025, ending Apr. 30.

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