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Fly News Breaks for August 31, 2017
WDAY
Aug 31, 2017 | 05:57 EDT
Deutsche Bank analyst Karl Keirstead believes Workday's Q2 results last night met the high Street expectations. Subscription revenue grew 42%, consistent with last quarter, while billings growth accelerated to 29% to $548M, just below the analyst's $556M estimate. Keirstead raised his price target for Workday shares to $105 from $95 and keeps a Hold rating on the name.
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