Workday Earnings: Margin Outperformance Mitigates Investor Concerns Around AI Investments
Workday maintained stable growth momentum in its fiscal 2027 first quarter. Total revenue rose 14% year over year to $2.5 billion, and non-GAAP operating margin expanded 160 basis points to an all-time high of 31.8%. Twelve-month subscription backlog growth of 16% was also healthy.