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Workday Posts Strong Q1 Results, Eases Market Concerns

Workday Inc. reported first-quarter revenues of $2.542 billion, up 13.5% year-over-year, exceeding expectations and easing investor concerns about AI disruption. Subscription revenues climbed 14.3% to $2.354 billion. The Pleasanton-based HR and finance platform provider maintained strong growth in workplace management software. Analysts noted the company's sustained expansion of its customer base despite competitive pressures. The earnings beat demonstrates Workday's resilience as it navigates an increasingly competitive enterprise applications landscape.