Workday: Stock Has Likely Bottomed, Presenting A Buying Opportunity

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Workday: Stock Has Likely Bottomed, Presenting A Buying Opportunity

Workday, Inc. reported Q1 revenue and earnings beating expectations, focusing on expanding TAM in the public sector and international markets. The company added Google Cloud Partners in Q1 to accelerate its pipeline and drive higher ACV per customer. Workday also launched its AI Marketplace, providing customers access to AI solutions from Workday and its partners.

Despite facing increasing deal scrutiny, Workday is attractively priced due to its growth drivers and strong fundamentals. The company, a cloud-based software provider, offers solutions for financial management, spend management, human capital, planning, and analytics. Workday's partnership expansion with Google Cloud supports software development with generative AI.

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