---
schema_version: "secwatch.filing_event.v1"
accession: "0001327811-23-000077"
form_type: "8-K"
ticker: "WDAY"
cik: "0001327811"
company_name: "Workday, Inc."
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T14:15:25.910150+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Workday Q1 revenue $1.68B (+17.4% YoY); raises FY2024 subscription guidance low-end

## Summary
- Subscription revenue $1.53B (+20.1% YoY); total revenue $1.68B (+17.4% YoY).
- GAAP operating loss narrowed to $19.8M from $72.8M; non-GAAP operating income $395.9M (23.5% margin).
- Non-GAAP diluted EPS $1.31 vs $0.83 YoY; GAAP EPS $0.00 (breakeven).
- Raised FY2024 subscription revenue guidance to $6.550-6.575B (18% growth); Q2 guide $1.611-1.613B.
- 24-month subscription backlog $9.79B (+22.9% YoY); total backlog $16.65B (+31.6%).

## SEC filing metadata
- accession: 0001327811-23-000077
- form_type: 8-K
- ticker: WDAY
- cik: 0001327811
- company_name: Workday, Inc.
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327811/000132781123000077/0001327811-23-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327811/000132781123000077/wday-20230525.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001327811-23-000077
- JSON: https://secwatch.observer/filing/0001327811-23-000077.json
- Plain text: https://secwatch.observer/filing/0001327811-23-000077.txt

## Key facts
- Earnings Releases
  Workday, Inc. reported fiscal 2024 first quarter ended April 30, 2023 results: revenue Total revenues were $1.68 billion, EPS $0.00. Guidance raised.
  - Period: fiscal 2024 first quarter ended April 30, 2023
  - Revenue: Total revenues were $1.68 billion
  - EPS: $0.00
  - Guidance: raised
  - Result: reported results
  source text: Section 9 – Financial Statements and Exhibits --- EX-99.1 (EX-99.1) --- Workday Announces Fiscal 2024 First Quarter Financial Results Fiscal First Quarter Total Revenues of $1.68 Billion, Up 17.4% Year Over Year Subscription Revenues of $1.53 Billion, Up 20.1% Year Over Year 24-Month Subscription Revenue Backlog of $9.79 Billion, Up 22.9% Year Over Year Total
  evidence_url: https://www.sec.gov/Archives/edgar/data/1327811/000132781123000077/0001327811-23-000077-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.