Workday (WDAY) reported fiscal Q1 non-GAAP earnings late Thursday of $2.23 per diluted share, up from $1.74 a year earlier.

Analysts surveyed by FactSet expected $2.01.

Revenue in the three months ended April 30 rose to $2.24 billion from $1.99 billion a year earlier.

Analysts polled by FactSet expected $2.22 billion.

The company expects Q2 subscription revenue of $2.16 billion, matching estimates by analysts.

The company affirmed its fiscal 2026 subscription revenue guidance of $8.80 billion. Analysts expect $8.81 billion.

Workday's board approved a new share buyback program for up to an additional $1 billion in shares.

Shares of the company fell 6.4% in after-hours trading.