Workday Inc. (NASDAQ:WDAY) is one of the cheap AI stocks to buy according to analysts. On May 21, Workday announced its financial results for FQ1 2027, reporting total revenues of $2.542 billion, a 13.5% increase year-over-year. Subscription revenues reached $2.354 billion, up 14.3% from the same period last year. Backed by a strong core business, the company reiterated its full-year FY27 subscription revenue outlook of $9.925 billion to $9.950 billion while increasing its non-GAAP operating margin guidance to 30.5%.
The quarterly momentum was heavily driven by the enterprise AI platform’s expanding agentic AI roadmap. Workday revealed that the adoption of its organically developed agents more than doubled quarter-over-quarter, with over 4,000 customers currently utilizing them. Notably, its Recruiting Agent supported 14 million hiring processes during the quarter, representing a 44% increase year-over-year.
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On the product front, Workday Inc. (NASDAQ:WDAY) launched “Sana from Workday”, described as superintelligence for work, globally to its customer community. Alongside this, the company introduced specialized tools, including Sana for IT Service Management, a new Travel Agent to streamline expense workflows, and the Personnel Action Request Agent for federal HR.
Workday Inc. (NASDAQ:WDAY) is an AI-powered enterprise cloud platform that integrates ML models and GenAI assistants across its core financial and human capital management applications.
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