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Workday shares jump 8% after strong Q1 results and raised profit forecast

Company Fundamentals
22 May 2026
Proactive Investors
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Bullish
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Workday reported better-than-expected Q1 earnings with adjusted EPS of $2.66 and revenue of $2.54 billion, driven by a 14.3% rise in subscription revenue. Operating income and cash flow also improved significantly, prompting the company to raise its full-year profit margin outlook to 30.5%. CEO Aneel Bhusri highlighted the company's strong position in AI and core business growth. Workday expects Q2 subscription revenue of $2.455 billion and continues to target nearly $10 billion in subscription revenue for fiscal 2027.

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