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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.