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Workday (WDAY) Stock Gains on Q2 Revenue Beat, William Blair: A Top Pick

NEW YORK (TheStreet) -- Shares of Workday (WDAY) were rising in late-morning trade on Thursday after the company reported revenue for the 2016 second quarter that beat analysts' estimates.

Following the report, analysts at William Blair said the Pleasanton, CA-based cloud computing company had "solid" results and remains a top pick, according to a note cited by the Fly.

There was "considerable investor fear" going into Workday's second-quarter report, William Blair notes, but the company's results highlighted an acceleration in its subscription billings for the...