Workday's earnings and revenue both exceeded analyst expectations for the quarter, according to Benzinga. Workday Inc. reported first-quarter earnings of $2.23 per share, topping the consensus estimate of $2.01, and posted revenue of $2.24 billion, beating expectations of $2.22 billion. Subscription revenue rose 13.4% year-over-year to $2.059 billion, while the total subscription backlog climbed 19.1% to $24.62 billion. CEO Carl Eschenbach said the company’s strong quarterly performance reflects the strength of its business and the growing demand for its platform among CEOs. He emphasized that Workday delivers real value by helping customers manage people and finances on a unified, AI-driven system. The company's second-quarter revenue guidance of $2.16 billion came in below the $2.34 billion estimate, prompting a 5.90% drop in shares in after-hours trading.
