Diamonds and Dogs
Workday (WDAY) is working. The human resource software maker is up 8% to a three-month high following strong earnings. Revenues rose 23.4% to $1.02 billion, the first billion-dollar sales quarter as companies lean on Workday to move to the cloud to help employees learn virtually, closing books remotely, or scenario planning to determine what path to take.
HP (HPQ) isn't printing money for shareholders. The printer company is down 12% as HP beat earnings estimates, but sales fell 11% to $12.47 billion. Any benefit HP saw from people using their products from home as an office was offset by corporate spending as desktop sales volume dropped 23%.
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