Description
Workday Goes Deeper Into AI Agents As Bookings Surge Over 200%!
Workday, Inc. reported its financial results for the first quarter of fiscal year 2027, highlighting both strong performance and notable strategic initiatives amid a transition into AI-enabled solutions. Subscription revenue increased 14% year-over-year to $2.354 billion, with total revenue growing 13% to $2.542 billion. The company’s U.S. business accounted for $1.89 billion, up 13%, while international revenue rose 16% to $649 million, with notable expansion in EMEA and APAC regions, including new operations in Vietnam and a data residency center in Frankfurt. The company’s 12-month subscription revenue backlog (cRPO) expanded 15.5% to $8.81 billion, driven by customer expansion and new engagements, with gross revenue retention stable at 97%. The company emphasized a renewed focus on artificial intelligence, positioning AI as a core growth driver and a means to reframe Workday’s enterprise platform as a “startup” reinvention.
