Workday's NASDAQ: WDAY reported strong Q1 earnings and guidance, which should not be too surprising, as the AI-driven SaaS apocalypse isn't quite what it was made out to be. Utility-providing platforms such as Workday are leaning hard into AI; AI applications are in increasing demand, and business is good.

Workday, Inc. (NASDAQ:WDAY) on Thursday posted strong first-quarter financial results.

Alex Coffey walks us through Workday's (WDAY) earnings, pointing to the software company's margins as the big standout. He says guidance leans conservative but stable, offering room for shares to rally.

All three major indexes are moving higher on both the day and week, as crude and yields pull back

WDAY beats Q1 fiscal 2027 estimates as revenues rise 13.5% and subscription growth stays strong, while backlog increases with upbeat guidance.

Workday's sales and earnings in fiscal Q1 beat Wall Street's expectations. The company raised its adjusted operating income margin target for the year.

Workday (NASDAQ: WDAY) stock price surged by over 10% in the pre-market session as investors bought the dip following its better-than-estimated results. It rose to $136, modestly higher than the year-to-date low of $110.

Workday Inc (NASDAQ:WDAY) shares rose 8% after the enterprise software company reported first quarter results that topped Wall Street expectations and raised its full-year profitability outlook. The company reported adjusted earnings of $2.66 per share for the quarter, ahead of analyst estimates of $2.49 per share.

Stock futures are pointing to a slightly higher open ahead of the long holiday weekend; the Dow closed at its first record high in more than three months yesterday, while the S&P 500 is on pace to post gains for the 8th consecutive week; shares of Estée Lauder are rallying after the cosmetics maker dropped acquisition talks with a fellow makeup brand, Puig; Workday stock is rallying after the enterprise software maker reported results that topped Wall Street estimates; and Take-Two Interactive shares are climbing after the video game maker beat estimates and said "Grand Theft Auto VI" is still on track for its Nov. 19 release date. Here's what you need to know today.

Business software company, Workday, just reported Q1 results that came in ahead of expectations. Though shares in the stock gained over 10% in the after-hours session immediately following the release, the stock is still down about 50% in the last year. The negative sentiment stems in part on fears over the impact AI will have on Workday's business model.