Workday, Inc. (NASDAQ:WDAY) stock rose Friday after the enterprise software company reported first-quarter results that topped Wall Street estimates and highlighted accelerating adoption of its artificial intelligence products.
AI Push Helps Workday Beat Estimates
Workday reported first-quarter earnings of $2.66 per share, beating analyst estimates of $2.51, according to Benzinga Pro data. Revenue rose to $2.54 billion, ahead of the consensus estimate of $2.52 billion.
Adjusted operating income increased to $809 million, resulting in a 31.8% operating margin. Operating cash flow climbed 52% year over year to $696 million, while free cash flow increased 46% to $616 million.
AI Adoption Accelerates Across Enterprise Workflows
