00:00It's Benzinga bringing Wall Street to Main Street.
00:02Workday's earnings and revenue both exceeded analysts' expectations for the quarter,
00:06according to Benzinga. Workday reported first quarter earnings of $2.23 per share,
00:11topping the consensus estimate of $2.01, and posted a revenue of $2.24 billion,
00:15meeting expectations of $2.22 billion. Subscription revenue rose 13.4% year-over-year
00:21to $2.059 billion, and the total subscription backlog climbed 19.1% to $24.62 billion.
00:29CEO Carl Esenbach said the company's strong quarterly performance reflects the strength
00:34of its business and the growing demand for its platform among CEOs. He emphasized that Workday
00:39delivers real value by helping customers manage people and finances on a unified AI-driven system.
00:45The company's second quarter revenue guidance of $2.16 billion came in below the $2.34 billion
00:51estimate, prompting a 5.9% drop in shares in after-hours trading.
00:55For all things money, visit Benzinga.com slash GSTV.
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