Workday beats quarterly estimates on AI software demand
The cloud software provider reported first-quarter revenue of 2.54 billion dollars and adjusted profit of 2.66 dollars per share. Strong demand for AI-powered finance and HR tools boosted subscription revenue by 14.3 percent and sent shares up 7 percent in extended trading.
WORKDAY INC-CLASS A exceeded first-quarter revenue and profit estimates as demand for AI-integrated human resources software accelerated. The results sent shares climbing 7% in extended trading on May 21. The cloud software company reported quarterly revenue of $2.54 billion, compared with analysts' average estimate of $2.52 billion.
### AI Integration Drives Subscription Growth Subscription revenue, the core metric for Workday, jumped 14.3% to $2.35 billion, compared with analyst expectations of $2.34 billion. Adjusted profit per share reached $2.66, beating the estimate of $2.51.
