adaptive insights: Last month, Workday announced the acquisition of Scout RFP in a quest to offer more software to businesses, which adds to last year's 1.6 billion deal for Adaptive Insights, according to Market Watch. In a conference call Tuesday afternoon, Chief Financial Officer Robynne Sisco squelched any hopes that results from the latest acquisition and new products launching next year would immediately boost Workday's results, though. Workday WDAY, -2.67% is largely known for cloud software for human-resources needs, but the company is seeking to grow beyond that core with a focus on financial software for businesses. While Workday's fourth-quarter revenue forecast beat analyst estimates, the company said its expectations for 2021 are lower than analysts expected. Shares that had gained more than 2% in after-hours trading following the results dropped sharply to a 2% decline during the call. Given the timing of these launches and the time it takes a new product to impact subscription revenue growth at our scale, these emerging products won't start to have any notable impact on our revenue growth until fiscal 2022 and beyond, Sisco said, adding that Scout RFP would shave 1.5 percentage points off the adjusted operating margin in 2021, while adding less than 1% to subscription revenue.
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