
Radek Strnad 2023/05/17 1:00pm
What Happened:Shares of user support software provider WalkMe (NASDAQ: WKME) fell 18.2% in the after-market session after the company reported first-quarter results that narrowly beat analysts' revenue estimates, though the revenue growth remained weak. Earnings per share (EPS) also beat. However, cash burn increased. In addition, the revenue guidance for the next quarter and full year were below Consensus. On a more positive note, the operating income guidance surpassed expectations for both the next quarter and the full year. The topline guidance implies an anticipated deceleration in revenue growth to high single digits compared to the robust double-digit growth observed in the previous year. Overall, the results were weak, and the stock reaction is showing that the market is disappointed by topline results and guidance which wasn't made up for by slightly better profit results and guidance. ... Continue Reading