+++ Business figures +++: Exports boost profits of Chinese electric vehicle manufacturer BYD
Bertelsmann increases profit and raises forecast +++ Strabag raises annual forecast thanks to record orders +++ Workday grows thanks to AI software +++ The news blog.
Workday's revenue rose 12.8% to $2.65 billion in its second quarter, driven by demand for its AI-powered finance and HR programs. Over 5500 customers now use at least one of the company's AI assistants, with AI making up more than 25% of new annual contract value. The results met Wall Street expectations, but the stock fell 5% after hours.
Meanwhile, Salesforce raised its full-year revenue and profit forecast, citing strong demand for AI tools, and its stock rose 7% after hours. Coty reported a better-than-expected quarterly revenue, while Estee Lauder provided an optimistic outlook, sending its stock up nearly 8%.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
