Workday said total revenues for the 3 months ended October 31, 2024 were $2.2 billion, up $294 million (16%) from $1.9 billion a year earlier. Subscription services revenues rose $268 million (16%) to $2.0 billion.

1. 01

   Workday said total revenues for the 3 months ended October 31, 2024 were $2.2 billion, up $294 million (16%) from $1.9 billion a year earlier. Subscription services revenues rose $268 million (16%) to $2.0 billion.

2. 02

   The company said GAAP operating income for the 3 months was $165 million (7.6% of revenues), up $88 million (4.7%) from a year earlier. It cited revenue growth outpacing headcount growth and moderation of operating expenses as the drivers of the increase.

3. 03

   Workday said total subscription revenue backlog as of October 31, 2024 was $22.2 billion, with $7.0 billion expected to be recognized in revenues over the next 12 months. It also said its gross revenue retention rate was 98%.

4. 04

   The company said operating cash flow for the 3 months was $406 million, down from $451 million a year earlier. It also said free cash flow fell to $359 million from $391 million a year earlier.

Key figures

Quarter ended October 31, 2024

Operating cash flow

$406M

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.