Workday Q1 Revenue Beats Estimates at $2.54 Billion

Earnings

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Summary · why it matters

Workday reported first-quarter revenue of $2.54 billion, up 13.5% year on year and exceeding analyst expectations by 1.1%. The cloud-based finance and HR software provider also delivered an impressive beat on billings estimates. Co-founder and CEO Aneel Bhusri said the company is ready for the AI moment, with a strong core business and an AI strategy that is working. The stock was flat after the report and currently trades at $122.25.

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