- Workday shares dropped more than 12% before the bell on Friday, after the human resources software provider pared back its annual subscription revenue forecast as economic uncertainty and slower hiring hurt demand for its payroll services .
U.S. job growth slowed more than expected in April and the increase in annual wages had fallen below 4% for the first time in nearly three years. The company closed fewer large deals in the first quarter, notably in the Europe, Middle East and Africa geographies, compared to the same period last year, CEO Carl Eschenbach said on a post-earnings call on Thursday.
A high-yield TSX dividend stock is a buying opportunity for long-term investors. The post 1 Magnificent TSX Dividend Stock Down 9% to Buy and Hold Forever appeared first on The Motley Fool Canada.The Bank of Canada may dash hopes of a June interest rate cut and instead move in July, which will give it seven more weeks of key data to confirm the recent trend of a slowing economy and continued easing of inflation, some economists said.
Source: News Formal (newsformal.com)
Economic Uncertainty Workday Payroll Services Human Resources Software
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