Workday shares slid more than 5% in extended trading Tuesday after the finance and human resources software maker issued quarterly margin guidance that came in below Wall Street projections.

Here’s how the company did in comparison with LSEG consensus:

• Earnings per share: $2.32 adjusted vs. $2.18 expected
• Revenue: $2.43 billion vs. $2.42 billion expected

The company forecast a fourth-quarter adjusted operating margin of at least 28.5% and $2.355 billion in subscription revenue, according to a statement. The StreetAccount consensus was a 28.7% margin and $2.35 billion in subscription revenue.

Workday’s revenue grew about 13% year over year in the quarter, which ended on Oct. 31. Net income of $252 million, or 94 cents per share, was up from $193 million, or 72 cents per share, in the same quarter a year ago.

Subscription revenue in the third quarter totaled $2.24 billion, with an adjusted operating margin of 28.5%. Analysts polled by StreetAccount had anticipated $2.24 billion in subscription revenue and a 28.1% margin.

During the fiscal third quarter, Workday announced artificial intelligence agents for analyzing employee performance testing financial health, and the company revealed plans to buy AI and learning software startup Sana for $1.1 billion. Also, activist investor Elliott Management said it had built a Workday stake worth over $2 billion.

Workday has seen its stock decline this year as pundits discuss the risk of generative AI tools threatening the growth prospects for cloud software incumbents. Company shares have fallen 9% so far in 2025, while the Nasdaq Composite index has gained 19%.

WATCH: Workday CEO Carl Eschenbach: There’s a narrative that AI is eating into software, that is false

DETROIT – A third high-profile technology executive is leaving General Motors amid a restructuring of the automaker’s software and product businesses, CNBC has learned.

Baris Cetinok, GM senior vice president of software and services product management, will depart the company effective Dec. 12, the automaker confirmed Tuesday after an internal announcement to employees.

Cetinok is the third tech-turned-auto executive to leave GM in roughly a month as the company combines its vehicle software engineering and global product units under one organization, led by new Chief Product Officer Sterling Anderson.

“Baris has built a strong software product management team at GM. We’re grateful for his contributions and wish him continued success. With hardware and software engineering unified under Global Product, we’re integrating product management with engineering to accelerate the delivery of exceptional in-vehicle experiences,” GM said in an emailed statement to CNBC.

Cetinok, who joined GM in September 2023 after stints with companies such as Apple, Microsoft and Amazon, could not immediately be reached for comment. The announcement of his departure comes a month after he described his position as “a product person’s dream” in an interview with CNBC.

GM’s senior vice president of software and services engineering, Dave Richardson, and its head of GM artificial intelligence, Barak Turovsky, have also left the company since October. Richardson was with GM for more than two years, while Turovsky was hired in March.

Anderson left the self-driving company he cofounded, Aurora Innovation, to join GM. He told CNBC last month that in order for the automaker to succeed, software and product must be thought of as one and the same.

“That’s the point of the role, I think, is it brings together all of these pieces into a unified approach to how we do product going forward,” Anderson said during an Oct. 22 interview at a GM technology event in New York.

Anderson, a former McKinsey & Co. consultant who later led Tesla’s AutoPilot program, said his goal is to accelerate the pace of GM’s innovations.

When Anderson’s appointment with GM was announced in May, Cetinok said in a LinkedIn post he was “delighted to welcome” the executive to the company. GM CEO Mary Barra and GM President Mark Reuss also hailed Anderson as being equipped to “evolve” and “reinvent” the automaker’s operations.

The global automotive industry has battled for years to better integrate technology into vehicles – from their production to consumer-facing software and remote, or “over-the-air,” updates like Tesla pioneered.

GM has taken an aggressive approach to combat such challenges by hiring leaders from Tesla and technology companies such as Apple and Google. However, many times, such executives have had short tenures with the company.

Dell reported fiscal third-quarter earnings on Tuesday that missed Wall Street expectations for revenue, but the company forecasted a stronger-than-expected fourth quarter driven by increased AI sales.

Dell shares rose 5% in extended trading.

Here’s how Dell did versus LSEG consensus estimates:

• EPS: $2.59 adjusted versus $2.47 estimated
• Revenue: $27.01 billion versus $27.13 billion estimated

Dell said it expects about $31.5 billion in sales in the fourth quarter versus $27.59 billion estimated by analysts. The company said it expects fourth-quarter earnings per share of $3.50 versus $3.21 expected.

The company said it was raising its expectations for AI server shipments during the year to $25 billion, up from $20 billion, and raised its full-year revenue guidance to $111.7 billion from $107 billion.

Dell reported $1.54 billion in net income, or $2.28 per diluted share, during the quarter, versus $1.17 billion, or $1.64, in the year-ago period.

The company is an important bellwether for the health of the AI infrastructure industry as one of the top vendors for systems based around Nvidia’s graphics processors. Overall revenue in the quarter rose 11% on an annual basis.

Dell’s main customers for its artificial intelligence systems are big businesses, governments and so-called neoclouds like CoreWeave. Dells sells less to big cloud companies typically called hyperscalers, which have been the most voracious Nvidia buyers so far.

The company said it expects to sell $9.4 billion of AI servers in the fourth quarter, and that doesn’t include a deal announced in November to sell Nvidia-based GB300 systems to Iren, a neocloud that plans to rent them out to Microsoft.

Dell’s data center business, called Infrastructure Solutions Group, reported $14.11 billion in sales, in-line with analyst estimates. Of that, $10.1 billion was for servers and networking parts, which was up 37% on an annual basis. Much of that increase was driven by $5.6 billion in AI server shipments. Dell said it sold $4 billion of storage gear during the quarter.

But the company said that its laptop and PC business, called Client Solutions Group, reported $12.48 billion in sales, which was up 3% year-over-year but slightly lower than the $12.65 billion expected by analysts.

Dell’s laptop and PC business was hit particularly hard, declining 7% on an annual basis.

The company said it spent $1.6 billion during the quarter on share repurchases and dividends.

WATCH: AI narrative is shifting towards Google with its complete stack, says Plexo Capital’s Lo Toney