Workday said total revenues for fiscal 2024 rose to $7.3 billion from $6.2 billion a year earlier, an increase of 17%. The company said subscription services revenues increased to $6.6 billion from $5.6 billion, or 19%.

1. 01

   Workday said total revenues for fiscal 2024 rose to $7.3 billion from $6.2 billion a year earlier, an increase of 17%. The company said subscription services revenues increased to $6.6 billion from $5.6 billion, or 19%.

2. 02

   Workday said its GAAP operating income (loss) moved from $(222) million in fiscal 2023 to $183 million in fiscal 2024. The company said the improvement included a $93 million benefit from the change in the useful lives of its data center equipment.

3. 03

   Workday said operating cash flows for fiscal 2024 rose to $2.1 billion from $1.7 billion in fiscal 2023. It said free cash flows increased to $1.9 billion from $1.3 billion a year earlier.

4. 04

   Workday said total subscription revenue backlog was $20.9 billion as of January 31, 2024, of which $6.6 billion is expected to be recognized as revenue over the next 12 months and $11.7 billion over the next 24 months.

Key figures

Fiscal year ended January 31, 2024

Revenue

$7.3B

Operating income

$183M

Net income

$1.4B

EPS

$5.21

Operating cash flow

$2.1B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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