Workday, Inc. announced its fiscal 2026 first quarter results, reporting total revenues of $2.240 billion, a 12.6% increase year over year. Subscription revenues reached $2.059 billion, up 13.4% from the previous year. However, the company faced a decrease in operating income to $39 million, impacted by $166 million in restructuring expenses. Non-GAAP operating income improved to $677 million, or 30.2% of revenues, compared to $515 million, or 25.9%, in the same period last year. The 12-month subscription revenue backlog also increased by 15.6% to $7.63 billion, while total subscription revenue backlog rose 19.1% to $24.62 billion.
The company reported diluted net income per share at $0.25, down from $0.40 in the same quarter last year, also affected by restructuring expenses. Non-GAAP diluted net income per share increased to $2.23 from $1.74 year-over-year. Workday's operating cash flows were $457 million, up from $372 million in the prior year, with free cash flows at $421 million compared to $291 million last year. The company announced a new share repurchase program to buy back up to $1 billion of its Class A common stock, indicating a commitment to returning value to shareholders.
linkMay 22, 2025 16:04:39
Workday, Inc. has announced the appointment of Gerrit Kazmaier as president of product and technology, effective March 10, 2025. Kazmaier, who has experience from Google Cloud and SAP, will succeed Sayan Chakraborty, who is retiring after a decade of leadership. The company expressed gratitude for Chakraborty's contributions and looks forward to enhancing its innovation strategy under Kazmaier's guidance.
The press release highlights Kazmaier's background in enterprise software and his role in leading AI-driven initiatives. Workday emphasizes its commitment to leveraging AI to transform HR and finance management. The company serves over 11,000 organizations globally, including a significant portion of the Fortune 500, indicating its extensive reach in the industry.
linkFeb 25, 2025 16:05:04
Workday, Inc. announced its fiscal 2025 fourth quarter and full year results, reporting total revenues of $2.211 billion for the fourth quarter, marking a 15.0% increase year over year. Subscription revenues also rose to $2.040 billion, up 15.9% from the previous year. For the fiscal year, total revenues reached $8.446 billion, a 16.4% increase, with subscription revenues growing by 16.9% to $7.718 billion. Operating cash flows improved by 14.5% to $2.461 billion, and the 12-month subscription revenue backlog increased by 15.2% to $7.63 billion. Workday repurchased approximately 2.9 million shares for $700 million during the year, and cash and cash equivalents stood at $8.02 billion as of January 31, 2025.
However, the company faced challenges, with operating income for the fourth quarter declining to $75 million, or 3.4% of revenues, down from $79 million, or 4.1% of revenues, in the same quarter last year. This decrease was attributed to restructuring expenses of $75 million. Additionally, diluted net income per share fell to $0.35, significantly lower than $4.42 in the fourth quarter of fiscal 2024, impacted by the same restructuring costs and a prior year's benefit from a tax asset release. For the fiscal year, diluted net income per share was $1.95, down from $5.21 in fiscal 2024.
linkFeb 25, 2025 16:02:26
Workday is undergoing significant changes as it adapts to a shifting work environment and increasing demand for AI. The company plans to eliminate approximately 1,750 positions, which accounts for 8.5% of its workforce, to better align its resources with customer needs. Despite these cuts, Workday will continue hiring in key strategic areas and invest in innovation, particularly in AI and platform development, while also re-engineering processes for faster decision-making.
For employees affected by the layoffs, Workday is offering a comprehensive support package that includes a minimum of 12 weeks of pay, additional vesting of stock options, career services, and benefits support. The company is also committed to clarifying roles and responsibilities for remaining employees and expanding its global footprint to enhance customer service. The leadership will address these changes in upcoming meetings and emphasize the importance of employee contributions during this transition.
linkFeb 05, 2025 06:08:30
Workday has appointed Liz Centoni, the Chief Customer Experience Officer at Cisco, to its board of directors. Centoni brings extensive experience in enhancing customer satisfaction and loyalty, having played a significant role in Cisco’s $28 billion acquisition of Splunk and the development of its responsible AI framework. Her commitment to empowering organizations through technology aligns with Workday’s mission to deliver exceptional customer experiences, which is expected to benefit the company as it continues to innovate and grow.
While the appointment of Centoni is a positive development for Workday, the press release does not mention any specific challenges or issues the company is currently facing. The emphasis remains on her qualifications and the potential impact of her expertise on customer relations, without addressing any negative aspects or risks associated with the company’s operations or market conditions.
linkDec 03, 2024 16:03:38
Workday announced the appointment of Rob Enslin as president and chief commercial officer, a newly created role aimed at driving the company's revenue growth and enhancing global sales and customer experience. Enslin brings over 30 years of experience in the tech industry, including leadership roles at UiPath and Google Cloud, where he achieved significant revenue growth and profitability. His diverse background and expertise in enterprise solutions are expected to contribute positively to Workday's future strategies.
While the appointment of Enslin is seen as a strategic move for Workday, the press release does not address any specific challenges the company may face in the current market or how it plans to navigate potential competition in the ERP sector. The focus remains on Enslin's capabilities and the positive outlook for his leadership, without discussing any existing operational hurdles or areas of concern for the company.
linkNov 26, 2024 16:06:43
Workday, Inc. announced a total revenue of $2.160 billion for the fiscal 2025 third quarter, marking a 15.8% increase from the previous year. Subscription revenues also grew by 15.8%, reaching $1.959 billion. The company reported an operating income of $165 million, which is a significant rise from $88 million in the same quarter last year. Additionally, diluted net income per share increased to $0.72 from $0.43 year-over-year, and the subscription revenue backlog was reported at $6.98 billion, up 15.3% year-over-year.
On the downside, operating cash flows decreased to $406 million from $451 million in the prior year, and free cash flows also fell to $359 million compared to $391 million previously. The company repurchased approximately 0.6 million shares of Class A common stock for $157 million, reflecting a commitment to shareholder value. Overall, while Workday showed notable revenue growth and profitability improvements, there were declines in cash flow metrics.
linkNov 26, 2024 16:03:00
Doug Robinson, a key figure at Workday, has announced his retirement as Co-President at the end of the fiscal year, after more than 14 years with the company. His decision is met with mixed emotions, as colleagues express both sadness at his departure and happiness for his choice to focus on family and personal time. Doug's extensive experience and leadership have significantly contributed to the company’s growth, particularly in sales operations and strategy, making him a beloved member of the executive team.
Despite his retirement, Doug will continue to support Workday as an advisor until April 2025, ensuring a smooth transition. The company emphasizes that the current leadership team is well-prepared and robust, indicating confidence in their ability to maintain momentum without him. Doug's legacy of humility, humor, and dedication to his colleagues will be missed, but the organization feels well-positioned to thrive moving forward.
linkOct 01, 2024 16:15:31
Workday has announced the appointment of Rhonda J. Morris, the Chief Human Resources Officer of Chevron Corporation, to its Board of Directors. This move highlights Workday's commitment to enhancing value for its customers, as Morris brings extensive experience in HR transformation and a strong understanding of Workday's products. Her leadership at Chevron, particularly in areas like diversity and workforce planning, positions her as a key asset for the company's future initiatives.
Morris's background includes over 31 years in various leadership roles across HR and global marketing, showcasing her broad expertise. She has been instrumental in Chevron's HR digital transformation and is dedicated to empowering HR teams with innovative tools. Morris will officially join the board in early 2025 after her retirement from Chevron, marking a significant step for Workday as it continues to innovate and grow in the enterprise solutions sector.
linkSep 10, 2024 16:05:02
Workday, Inc. announced impressive financial results for its fiscal 2025 second quarter, with total revenues reaching $2.085 billion, marking a 16.7% increase compared to the previous year. Subscription revenues also saw significant growth of 17.2%, totaling $1.903 billion. The company reported a notable rise in operating income, which increased to $111 million, and a diluted net income per share of $0.49, up from $0.30 in the same quarter last year. Additionally, Workday's cash flow from operations improved to $571 million, reflecting strong financial health and effective management of resources. The company also highlighted its entry into the Fortune 500 list and an expanding customer base, showcasing its growing market presence and trust among clients worldwide.
On the downside, while Workday's performance was strong, it did not provide detailed reconciliations for certain financial outlooks, which may raise concerns among some investors about transparency. The press release also noted ongoing macroeconomic challenges and competitive pressures that could impact future performance. Nevertheless, Workday remains focused on strategic investments and partnerships to enhance its offerings and maintain growth momentum in the evolving market landscape.
linkAug 22, 2024 16:02:41