Workday’s cloud software growth continues, but so do its losses. The maker of HR and financial software late Monday posted fiscal Q3 results that solidly beat Wall Street estimates, but its net loss accelerated, and its revenue outlook for Q4 merely met views. Workday (WDAY) stock was down 7% in after-hours trading Monday after the company delivered its latest earnings. Workday stock fell a fraction in Monday’s regular session but is up 11% for
The saga of disgruntled, and bankrupt, Apple supplier GT Advanced Technologies will go on at least a little longer than planned, after a court hearing to discuss a bankruptcy settlement between GT and Apple was postponed to Dec. 10 from Nov. 25. Unsecured creditors of GT Advanced sought the postponement to give them more time to investigate possible objections to the settlement. GT itself has agreed to the proposed settlement after offering some
U.S. tech industry officials say President Obama’s executive actions on immigration don’t go far enough in helping tech companies hire skilled workers from other countries. Obama late Thursday announced executive orders aimed at addressing immigration. The orders provide more resources to secure the borders and provide a path to citizenship for millions of illegal aliens. The president’s actions also will extend a program letting foreign students