Workday said total revenues for the 3 months ended July 31, 2024 were $2.1 billion, up $298 million (17%) from $1.8 billion in the prior-year period. Subscription services revenues rose $279 million (17%) to $1.9 billion.

1. 01

   Workday said total revenues for the 3 months ended July 31, 2024 were $2.1 billion, up $298 million (17%) from $1.8 billion in the prior-year period. Subscription services revenues rose $279 million (17%) to $1.9 billion.

2. 02

   The company said its GAAP operating income for the 3 months rose to $111 million, or 5.3% of revenues, from $36 million (2.0%) a year earlier. It cited revenue growth outpacing headcount growth and moderation of operating expenses, including share-based compensation, as the drivers.

3. 03

   Workday said operating cash flows for the 3 months ended July 31, 2024 were $571 million (compared with $425 million a year earlier), and free cash flows were $516 million (compared with $360 million a year earlier).

4. 04

   Workday said its total subscription revenue backlog was $21.6 billion as of July 31, 2024, of which $6.8 billion is expected to be recognized as revenue over the next 12 months. The backlog was $17.8 billion and $5.9 billion as of July 31, 2023, respectively.

Key figures

Quarter ended July 31, 2024

Operating cash flow

$571M

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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