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Workday's Revenues Climb 17% to $7.3B with AI-Powered Growth and Positive Net Income

WDAY10-KFiling Date: 3/8/2024
Workday, Inc.
Description

What this story covers

Workday's fiscal 2024 10-K reveals 17 percent revenue growth to $7.3 billion, driven by 19 percent subscription increase to $6.6 billion. GAAP net income turned positive at $1.4 billion amid AI innovations and backlog expansion to $20.9 billion. Operating margins improved, cash flows surged 30 percent to $2.1 billion, with robust liquidity at $7.8 billion. Risks include competition, infrastructure vulnerabilities, and economic volatility, balanced by strong customer retention over 95 percent.

Story snapshot

CompanyWorkday, Inc.
TickerWDAY
VariantStandard detailed
Duration20:22
Filing type10-K
PeriodAnnual 2024
IndustryTechnology
Accession0001327811-24-000044

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