Workday Inc. reported strong earnings for the first quarter, surpassing revenue expectations and reaffirming its full-year outlook on subscription sales.
Despite the positive earnings, the company's stock fell after-hours due to the disappointing guidance for the current quarter, with subscription revenue growth not meeting investor expectations.
Workday CEO emphasized the company's performance and the value of its platform in driving efficiency, agility, and growth for customers, particularly in managing human capital and financial processes.
The company has been focused on enhancing its AI capabilities and launching new AI agents to automate business processes. However, concerns remain among investors about potential disruption to labor markets and macroeconomic uncertainties.