Workday (WDAY) shares soared over 12% in early trading Wednesday as the finance and human resources software provider posted better-than-expected results and boosted its guidance as subscription sales jumped on demand for its 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) products.

Workday reported third quarter fiscal 2024 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $1.53, with revenue advancing 16.7% from a year ago to $1.87 billion. Both exceeded forecasts. Subscription revenue rose 18% to $1.69 billion, more than the company anticipated. Subscription backlog skyrocketed 30.9% to $18.5 billion.

CEO Carl Eschenbach said the momentum across the company’s business was “palpable,” adding that it was driven by “our AI innovation, strength in full platform deals, expanding partner ecosystem, and intern✱ational growth.” He added that an increasing number of firms around the world are “turning to Workday to manageᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚ their most precious assets: their people and their money.”

Workday now predicts full-year subscription revenue will be $6.598 billion, up from its previous estimate of $6.57 billion to $6.59 billion. It also boosted its 澳洲幸运5官方开奖结果体彩网:operating margin outlook from 23.5% to 23.8%. 

Shares of Workday jumped to their highest level in almost two years following the news.