Workday (NASDAQ:WDAY) disclosed yesterday that it surpassed fourth-quarter earnings expectations and acquired HiredScore, enhancing its artificial intelligence capabilities. Following the earnings report, Workday saw its stock decline by more than 2% intra-day today.

For Q4, Workday reported earnings per share of $1.57, an increase from $0.99 in the same period the previous year, with revenue rising to $1.92 billion from $1.65 billion. This performance exceeded the expectations of Wall Street analysts, who had forecasted earnings per share of $1.47 on revenue of $1.92 billion.

Additionally, Workday announced the acquisition of HiredScore, with plans to finalize the deal in the first quarter of its fiscal year 2025, which concludes on April 30.