Shares of Workday (NASDAQ: WDAY) were moving higher today after the cloud software company posted better-than-expected results in its first-quarter earnings report.

As a result, the stock was up 11.1% as of 12:10 p.m. ET.

Workday, which specializes in software for human resources management, said that revenue in the quarter rose 17.4% to $1.68 billion, edging out estimates at $1.67 billion. 

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Source Fool.com