Workday Shares Rise on Strong Q1 Results and Reduced AI Disruption Concerns
Workday shares surged 8.5% after the enterprise software company reported better-than-expected first-quarter revenue and profit, alleviating concerns about disruption from AI competitors like Anthropic. Subscription revenue grew by 14.3%, driven in part by new business, while brokerages adjusted their price targets upward.
Topics: AI disruption revenue growth share price increase Workday