AI HR and Finance Software Leader Sells Founder Shares After Strong Performance

Workday, Inc., the U.S. cloud-based human capital management and finance software provider, today announced its fiscal 2027 first-quarter results: revenue of approximately $2.54 billion (roughly ₩3.4–3.5 trillion), a year-over-year increase of about 13%, with significant improvements in operating income and cash flow.

On the strength of broader AI-powered platform adoption, ongoing product innovation and growth in international sales, Workday reiterated its full-year subscription revenue guidance for fiscal 2027 and raised its non-GAAP operating margin target to the mid-30 percent range.

Meanwhile, co-founder David Duffield converted his Class B common shares into Class A shares and, under a 10b5-1 trading plan, sold Class A stock in open-market transactions valued at several hundred billion Korean won, while retaining tens of millions of shares.

Workday also announced that its annual stockholders meeting is scheduled for June 16.

Earlier in February, the company reduced its workforce by approximately 2 percent to realign its headcount and cost structure, concentrating resources on regions and businesses of strategic importance.

Workday offers a unified cloud platform encompassing HR management, finance and IT functions, competing in the subscription-based software-as-a-service market against the likes of Oracle and SAP. The company is expanding its generative AI–enhanced HR and finance workflow solutions to deepen engagement with large enterprises, even as demand for enterprise cloud ERP and HR software grows and competition intensifies.