Workday shares pop 9% on inclusion in S&P 500
A close-up of the Workday logo on its headquarters in Pleasanton, California.
Smith Collection | Archive Photos | Getty Images
Human resources and finance software company Workday will join the S&P 500 index, replacing Amentum Holdings, S&P Dow Jones Indices said in a statement on Friday. Workday shares jumped 9% in extended trading after the announcement. The change goes into effect on Dec. 23.
The index has picked up a handful of other prominent technology stocks this year, including Dell and Palantir.
Workday, based in Pleasanton, California, went public on the New York Stock Exchange in 2012. In November, Workday delivered $193 million in net income on $2.16 billion in quarterly revenue, which was up 16% year over year.
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