Workday is still near their all-time highs, despite contracting over 20% pre-earnings during the broader market sell off.
Q3 revenue grew 34%y/y which was ahead of consensus estimates for 30% y/y growth and an acceleration from Q2.
With $3 billion run-rate in revenue, Workday is deserving of their premium valuation for the foreseeable future.
After falling 20% from their pre-earnings all-time highs, Workday (WDAY) has proven to withstand the market correction and has now reached new all-time highs. This is a rather impressive feat given the overall