Workday delivered a top- and bottom-line beat for the second quarter of fiscal 2027, driven by resilient enterprise demand and accelerating adoption of its AI-native platform. The company paired these results with a significant $4.0 billion share repurchase authorization and an upward revision to its full-year operating margin guidance.
Key Highlights
- Non-GAAP diluted EPS of $2.75 exceeded the analyst consensus of $1.26, while total revenue grew 12.8% year-over-year to $2.65 billion.
- Subscription revenue rose 13.9% to $2.47 billion, supported by a 12-month subscription backlog of $9.03 billion, an increase of 14.2%.
- AI solutions are becoming a material growth driver, now accounting for more than 25% of new annual contract value (ACV) with over 5,500 customers utilizing organic agents.