Workday beats estimates but CEO warns of challenges in education and government

1. Workday earnings beat expectations but issued inline revenue guidance. 2. Subscription revenue forecast is $8.82 billion for the year. 3. Challenges in state/local government business areas noted by CEO. 4. Acquisition of Paradox could enhance recruitment software capabilities. 5. Workday shares have dropped 12% this year, underperforming the Nasdaq.