Workday just gave Wall Street something it rarely gets from enterprise software companies these days: a genuine positive surprise. The human capital and finance software maker posted first-quarter fiscal 2027 results that topped expectations, then sweetened the deal by raising its full-year profitability forecast.
Shares surged as much as 14% in after-hours trading on May 21 following the earnings release.
The numbers behind the pop
Workday reported Q1 subscription revenue of $2.455 billion, representing a 13% increase year-over-year.
Workday raised its fiscal 2027 non-GAAP operating margin guidance to 30.5%, up from its previous target of 30%.
