$Workday (WDAY.US)$ reported quarterly earnings after the bell, surpassing both earnings per share and sales estimates.

Earnings per share (EPS) of $1.89 exceeded the analyst consensus estimate of $1.76 by 7.39%.

Quarterly sales reached $2.16 billion, beating the analyst consensus of $2.13 billion by 1.40%, marking a 15.76% year-over-year increase.

Workday also announced that Rob Enslin, the former Google and SAP executive, will join the company as president and chief commercial office, effective December 2, 2024. Until June, Enslin was UiPath CEO.  

"Workday's solid performance in Q3 reflects the trust our customers place in us across industries, the global momentum around our AI-driven innovations, and the strength of our partner ecosystem," said Carl Eschenbach, CEO, Workday. "Organizations are increasingly consolidating on the Workday platform to reduce total cost of ownership, simplify their operations, and to unlock the power of our best-in-class AI solutions. Workday gives them the ultimate advantage – and that positions our business for long-term success."

For guidance, Q4 subscription revenue of $2.025 billion, vs FactSet Analyst consensus of $2.04  billion. For FY25, subscription revenue outlook is $7.703 billion, representing growth of 17%.

At 4:29 p.m, ET, shares are off 7.66%.