Workday Jumps 10% After Q1 Beat, Raises Fiscal 2027 Non-GAAP Operating Margin Outlook to 30.5%
Workday, a maker of workplace management software, reported first-quarter revenue of $2.542 billion, up 13.5% from a year earlier and above estimates of $2.52 billion, while non-GAAP diluted earnings per share rose to $2.66 from $2.23 and topped the $2.52 estimate. Subscription revenue increased 14.3% to $2.354 billion, and shares rose about 10% in after-hours trading.
The company reiterated fiscal 2027 subscription revenue guidance of $9.925 billion to $9.95 billion and raised its fiscal 2027 non-GAAP operating margin outlook to 30.5%. Workday said customers using its organically developed AI agents more than doubled from the prior quarter, with more than 4,000 customers using at least one Workday agent, while 12-month subscription backlog grew 15.5% to $8.81 billion.
From the sources (6 posts)
@alphasenseinc$WDAY Earnings: - Total revenues were $2.542 billion, an increase of 13.5% from the first quarter of fiscal 2026. Subscription revenues were $2.354 billion, an increase of 14.3% from the same period last year. - Diluted net income per shar
@cnbcWorkday jumps 10% as it bumps up margin forecast on AI strength
@techmemeWorkday reports Q1 revenue up 13% YoY to $2.54B vs. $2.52B est., and lifts its full-year forecast, saying its AI strategy is working; WDAY jumps 9%+ after hours (@jordannovet / CNBC) (Visit Techmeme dot com for the link and full context!)
@wallstengine$WDAY Q1’27 EARNINGS HIGHLIGHTS 🔹 Revenue: $2.542B (Est. $2.52B) 🟢; +13.5% YoY 🔹 Adj. EPS: $2.66 (Est. $2.52) 🟢 🔹 Subscription Revenue: $2.354B; +14.3% YoY 🔹 12-Month Subscription Backlog: $8.806B; +15.5% YoY 🔹 Total Subscription Backlog:
@thetranscript_$WDAY Workday CFO: "Subscription revenue in Q1 was $2.354 billion, up 14%. Professional services revenue was $188 million, resulting in total revenue of $2.542 billion, growth of 13%...12-month subscription revenue backlog, or cRPO, was $8.
@businessWorkday, a maker of workplace management software, posted better-than-expected results in the first quarter, helping quell concerns that the company will be disrupted by AI