By Sabela Ojea

 

Workday raised its outlook for the year after posting higher revenue in the fiscal third quarter.

The cloud enterprise company for finance and human resources on Tuesday guided for an adjusted operating margin of 23.8%.

In August, the company raised its adjusted operating margin outlook to 23.5%.

"Our focus is centered on investing to drive durable long-term growth while expanding margins," Co-Chief Executive Carl Eschenbach said.

Workday's outlook revision comes as the company swung to a profit and reported higher-than-expected revenue for the fiscal third quarter ended Oct. 31.

 

Write to Sabela Ojea at sabela.ojea@wsj.com

 

(END) Dow Jones Newswires

November 28, 2023 16:40 ET (21:40 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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