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Fly News Breaks for June 1, 2018
WDAY
Jun 1, 2018 | 05:14 EDT
While Workday's Q1 results beat Street expectations on most metrics, billings came in below expectations, Jefferies analyst John DiFucci tells investors in a research note. The company reported no new large Financials wins, suggesting future adoption of the product will be gradual, the analyst adds. He views the Workday's fiscal year as more back-end loaded and keeps a Hold rating on the shares with a $119 price target.
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