Workday (NASDAQ: WDAY) reported Q1 EPS of $1.31, $0.19 better than the analyst estimate of $1.12. Revenue for the quarter came in at $1.68 billion versus the consensus estimate of $1.67 billion.

GUIDANCE:

"We delivered a strong start to the year, driven by solid execution and durable demand across our solutions as companies continue their Finance and HR modernization journeys," said Barbara Larson, chief financial officer, Workday. "Given these results, we are raising the low end of our fiscal 2024 subscription revenue guidance to a range of $6.550 billion to $6.575 billion, representing 18% growth over the prior fiscal year. We expect second-quarter subscription revenue to be $1.611 billion to $1.613 billion, also 18% growth. In addition, we are maintaining our fiscal 2024 non-GAAP operating margin guidance of 23%, as we drive a balance of both growth and margin expansion."

For earnings history and earnings-related data on Workday (WDAY) click here.