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Workday Q3 earnings beat boosts stock

Yahoo Finance Live anchors discuss the rise in stock for Workday following third-quarter earnings.

Video transcript

[AUDIO LOGO]

JULIE HYMAN: And also, like, as we look at the ensemble of these companies, right-- and we had Workday out with its numbers too, and it narrowed its subscription guidance for the full year. We start to try to get a picture of what's going on at their clients, right? So the indication from CrowdStrike seems to be that small business clients are the ones pulling back. HPE-- I don't know. Maybe you know better than I, Soz. Maybe their clients are larger--

BRIAN SOZZI: More large enterprises. Correct.

JULIE HYMAN: Right, so that gives you the sort of divergence there. And then you have Workday, which I'm guessing is also on the larger end in terms of its clients, but I'm not sure. But there we're seeing that company also perform pretty well as it saw revenue rise across the board and with that forecast tweaking.

BRIAN SOZZI: I just wish Workday was a little more intuitive to use. Right?

BRAD SMITH: What, you don't like it?

BRIAN SOZZI: It's OK. It could be better. But, you know, they're a juggernaut. They're everywhere. They're everywhere.

JULIE HYMAN: Most of these platforms--

BRIAN SOZZI: It's so complicated. The extra steps-- it just--

JULIE HYMAN: Name me a software work infrastructure platform that is awesome.

BRIAN SOZZI: Apple, you listening? I mean, maybe they can-- Apple should be innovating in here.

JULIE HYMAN: I mean, are there any-- like anything that you use at work, is it easy to use? I can't think of anything.

BRIAN SOZZI: Well, I think, Brad, you like ServiceNow right? You're a big ServiceNow fan.

BRAD SMITH: Yeah, a huge SAP fan, actually, in my biased opinion, as a former employee there. But, no, I mean, there are some marketing cloud-- marketing cloud solutions. Oracle has those that are easy to use. But yeah, it is a-- it's a tough sell sometimes, especially when companies are pulling back on some of their spending and the number of licenses that they need and trying to figure out from their employees. Hey, do we actually like the solution? Is this something that we can use on a day in, day out basis?

BRIAN SOZZI: Just be better.

BRAD SMITH: Just be better.

JULIE HYMAN: I will give a shout-out to our internal training videos. Some of those--

BRAD SMITH: They are good.

BRIAN SOZZI: Those are awesome.

JULIE HYMAN: --are quite, are quite entertaining.

BRIAN SOZZI: Those like movies. Those are movies.

JULIE HYMAN: I will say that.

BRIAN SOZZI: Yeah, they're pretty cool.

BRAD SMITH: Yes, we have the Golden State Warriors of internal videos teams here.