Workday jumps 14% as it bumps up margin forecast on AI strength

Key points

• Aneel Bhusri, co-founder and executive chair of Workday, speaks at during the 5th Annual Workday Charity Classic in partnership with Stephen and Ayesha Curry's Eat.
• at Stanford Golf Course in Stanford, California, on Aug.
• 28, 2024. Workday shares surged as much as 14% in extended trading on Thursday after the finance and human resources software maker reported results that came in stronger than expected, while bumping up its margin forecast for the full fiscal year.
• Here's how the company did relative to LSEG consensus Earnings per share: $2.66 adjusted vs. $2.51 expected $2.66 adjusted vs. $2.51 expected Revenue: $2.54 billion vs. $2.52 billion expected Workday's revenue grew 13% in the fiscal first quarter, which ended on April 30, according to a statement.
• The company reported net income of $222 million, or 87 cents per share, up from $68 million, or 25 cents per share, one year earlier.