- Workday has managed to escape much of the present market selloff, especially compared to many other tech names.
- One reason for that is its Q3 beat, and the company is indeed doing well, but there was some pull from Q4 boosting Q3 figures and growth is slowing down.
- There is also a huge amount of share-based compensation and significant dilution. The jury is also still out on adoption rates of newer modules.
Source: Workday Is Escaping The Tech Slaughter – Workday (NYSE:WDAY) | Seeking Alpha