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