Workday Stock Surges on Strong Earnings and AI Growth
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BTCCSquare news:
Workday shares climbed more than 7% this week following robust fiscal Q2 results. The business software provider reported $2.35 billion in revenue, up 12.6% year-over-year, with earnings jumping 26% to $2.21 per share—both exceeding analyst expectations.
The company's subscription backlog grew nearly 18%, signaling accelerating future revenue. AI products drove much of this expansion, with related sales more than doubling. Over 30% of customer deals now include at least one AI solution.
With a $58 billion market cap and 11,000 global clients, Workday maintains strong positioning in cloud-based financial and HR software. Its 29% operating margin demonstrates efficient scaling of enterprise offerings.
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