Workday (WDAY -3.8%) has given back yesterday's AH gains, as a steep valuation overshadow a strong FQ3 beat and solid FQ4 guidance. SA's Robert Broens notes the mid-point of Workday's revenue guidance range implies 10.6% Q/Q growth, down from FQ3's 15.8%, though judging by the FQ3 beat, the company might be playing it safe. During Workday's earning call, the company noted its customer base rose by 31 to 356, that the average length of contracts signed was 3.6 years, and that it's now billing less up-front, something that hurts unearned revenue over the near-term.
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