Trump's remarks came a day before the Fed was set to announce its next decision on interest rates.Politicsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
Stocks in Asia rose in Wednesday afternoon trade following positive developments overnight on the U.S.-China trade front.Asia Marketsread more
Sen. Josh Hawley, a well-known tech critic, is introducing legislation that would remove the immunity big technology companies receive for user-posted content under Section...Technologyread more
In its new "Future Skills" report, LinkedIn has identified what it calls the 10 "rising skills" of the future and the jobs associated with them.Get Aheadread more
Democratic Rep. Maxine Waters on Tuesday requested that Facebook pause its development of Libra, an upcoming cryptocurrency that the company plans to release in 2020.Technologyread more
Zuckerberg fell out of Glassdoor's top 20 CEO ranking for the first time, although his employee approval rate remains high.Technologyread more
Signs of companies moving out of Hong Kong have emerged, members of the business community told CNBC following massive protests in the city. But one analyst said Hong Kong's...China Politicsread more
Tensions between China and the U.S. are threatening to slow global trade further, threatening some Asian economies.Asia Economyread more
U.S. President Donald Trump officially kicked off his reelection campaign Tuesday at a Florida rally where he exhorted thousands of rollicking supporters to keep advancing his...Politicsread more
The fashion industry is currently swept up in a storm of nostalgia. Riding on this throwback wave, Italian heritage brand Fila and American sweatshirt producer Champion are...Apparelread more
Workday surged as much as 10 percent in extended trading on Thursday after the provider of cloud-based human resources software reported quarterly results that topped analysts' estimates.
Here are the key numbers:
Total sales in the fiscal third quarter jumped 34 percent, spurred by a 35 percent increase in subscription revenue to $624.4 million. The company also raised its forecast for the fourth quarter.
Like other subscription software companies, Workday is benefiting from businesses moving their most critical software and applications to the cloud. For Workday, that mostly revolves around HR and financial management products.
Workday shares have jumped 43 percent this year as of Thursday's close, and climbed another $13.70 to $159 after the earnings report.
The company's numbers come two days after a similarly upbeat report from cloud software peer Salesforce. Both stocks are rallying this week along with other software companies after a recent sell-off in technology shares .
"We extended our market leadership in HCM, welcoming more Fortune 500 customers to the Workday community, and accelerated adoption of Workday Financial Management as more finance organizations move to the cloud," CEO Aneel Bhusri said in a statement.
For the fourth quarter, Workday said it expects subscription revenue to grow 33 percent to $2.38 billion.