Workday, Inc. (NASDAQ:WDAY) stock rose Friday after the enterprise software company reported first-quarter results that topped Wall Street estimates and highlighted accelerating adoption of its artificial intelligence products.

AI Push Helps Workday Beat Estimates

Workday reported first-quarter earnings of $2.66 per share, beating analyst estimates of $2.51, according to Benzinga Pro data. Revenue rose to $2.54 billion, ahead of the consensus estimate of $2.52 billion.

Adjusted operating income increased to $809 million, resulting in a 31.8% operating margin. Operating cash flow climbed 52% year over year to $696 million, while free cash flow increased 46% to $616 million.

AI Adoption Accelerates Across Enterprise Workflows

The company said AI adoption continued to gain momentum during the quarter as customers increasingly deployed automation tools across enterprise workflows.

Workday introduced several AI-powered products, including a travel ...