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New Management

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Workday's Revenue Outlook Cut Sends Stock Plummeting
business2 years ago

Workday's Revenue Outlook Cut Sends Stock Plummeting

Workday's stock (WDAY) plunged over 8% after the company lowered its outlook for subscription revenue growth through fiscal 2027. The software maker now expects subscription revenue growth in the range of 17% to 19% for the next three fiscal years, down from its previous target of 20%. The new management team, including a new CFO, is implementing strategic moves and go-to-market initiatives, but the lowered targets disappointed investors. Workday highlighted opportunities in artificial intelligence and international expansion at its customer conference.

Twin Lakes Resort sold and reopened under new management.
business3 years ago

Twin Lakes Resort sold and reopened under new management.

Twin Lakes Resort in Central Oregon has been sold to new owners, Andrew Eriksson and his family, and opened for the season. The resort, a family-friendly gathering spot for decades, features cabins, a marina, a restaurant, and a store. The terms of the sale were not disclosed. The new owners have kept many familiar features but added some new ones, such as a new chef and music on Saturdays. The resort was established in 1936 and was a favorite fishing spot for former President Herbert Hoover.