Financial Performance - Total revenues for Q1 FY2025 were $1.990 billion, an increase of 18.1% year-over-year[6] - Subscription revenues reached $1.815 billion, up 18.8% compared to the same period last year[6] - Non-GAAP operating income was $515 million, representing 25.9% of revenues, compared to $396 million or 23.5% of revenues in the prior year[6] - Diluted net income per share was $0.40, compared to $0.00 in Q1 FY2024, while non-GAAP diluted net income per share increased to $1.74 from $1.33[6] - For the three months ended April 30, 2024, net income was $107 million, compared to a net loss of $0 million in the same period of 2023[20] - Non-GAAP operating income for the same period was $515 million, up from $396 million in 2023, reflecting a non-GAAP operating margin of 25.9%, compared to 23.5% in 2023[23] - The diluted net income per share for the three months ended April 30, 2024, was $1.74, compared to $1.33 in 2023[23] Cash Flow and Expenditures - Operating cash flows were $372 million, compared to $277 million in the prior year, and free cash flows were $291 million, up from $218 million[6] - Free cash flows for the three months ended April 30, 2024, were $291 million, an increase from $218 million in 2023[26] - Cash provided by operating activities increased to $372 million in 2024, compared to $277 million in 2023[20] - Capital expenditures for the quarter were $81 million, compared to $59 million in 2023[20] - Cash, cash equivalents, and restricted cash at the end of the period totaled $1,771 million, up from $1,456 million at the end of the same period in 2023[20] Subscription Revenue Backlog - The 12-month subscription revenue backlog was $6.60 billion, up 17.9% year-over-year, and total subscription revenue backlog increased 24.2% to $20.68 billion[6] - The company updated its full-year subscription revenue guidance to between $7.700 billion and $7.725 billion, reflecting approximately 17% growth[12] Share Repurchase and Acquisitions - Workday repurchased approximately 0.5 million shares of Class A common stock for $134 million[6] - The company repurchased $128 million of common stock during the quarter, with no repurchases in the same quarter of the previous year[20] - Workday completed the acquisition of HiredScore, enhancing its AI-powered talent acquisition capabilities[12] Partnerships and Collaborations - Workday expanded its partnership with AWS and formed a new collaboration with Google Cloud to enhance market reach[12] Other Financial Metrics - The company reported a significant increase in trade and other receivables, netting $509 million in 2024, compared to $473 million in 2023[20] - The company plans to exclude certain acquisition-related costs and realignment costs from its non-GAAP results starting fiscal 2025[27]

New Relationship Underscores Potential for Workday to Transform U.S. Intelligence Community and Federal Government Business Processes PLEASANTON, Calif., May 23, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money, today announced the Defense Intelligence Agency (DIA) has selected Workday Government Cloud to accelerate its human resources modernization efforts, marking Workday's formal entry into the U.S. Intelligence Communi ...

Fiscal First Quarter Total Revenues of $1.990 Billion, Up 18.1% Year Over Year Subscription Revenues of $1.815 Billion, Up 18.8% Year Over Year PLEASANTON, Calif., May 23, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money, today announced results for the fiscal 2025 first quarter ended April 30, 2024. Fiscal 2025 First Quarter Results 1See the section titled "About Non-GAAP Financial Measures" in the accompanying financial ...

Leadership Position Based on Market Impact and Vision, and Capabilities PLEASANTON, Calif., May 22, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money, today announced that Workday VNDLY was named a Leader and Star Performer in Everest Group's Vendor Management Systems (VMS) PEAK Matrix® Assessment 2024. This is the fourth consecutive year that Workday VNDLY has been recognized as a Leader, and the third year it was named bo ...

FOSTER CITY, Calif., May 21, 2024 (GLOBE NEWSWIRE) -- Incorta, an open data delivery platform simplifying and speeding users access to live, transaction level financial data, and a Workday, Inc. (NASDAQ:WDAY) partner, today announced an integration with Workday Adaptive Planning. Built by Incorta, the integration enables enterprises to connect Incorta's purpose-built operational data lake for finance and accounting with Workday Adaptive Planning, providing them with rich insights and real-time access to gra ...

Wall Street analysts forecast that Workday (WDAY) will report quarterly earnings of $1.57 per share in its upcoming release, pointing to a year-over-year increase of 19.9%. It is anticipated that revenues will amount to $1.97 billion, exhibiting an increase of 17.2% compared to the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Befo ...

Workday (WDAY) closed at $257.93 in the latest trading session, marking a +0.53% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.12%. At the same time, the Dow added 0.34%, and the tech-heavy Nasdaq lost 0.07%. The maker of human resources software's stock has climbed by 0.36% in the past month, falling short of the Computer and Technology sector's gain of 6.14% and the S&P 500's gain of 4.99%. Market participants will be closely following the financial result ...

Workday, Inc. (WDAY) is set to report first-quarter fiscal 2025 results on May 23, after the closing bell. It pulled off a trailing four-quarter earnings surprise of 12.69% on average. Increasing demand for its human capital management (HCM) and financial management solutions in multiple end markets is likely to have led to a top-line expansion year over year during the quarter. Its policy of strategic acquisition and AI integration across its solution suite has strengthened its portfolio and enhanced comme ...

MCLEAN, Va., May 16, 2024 /PRNewswire/ -- M, D, Year – The Groove, a modern enterprise consultancy renowned for its innovative approach and strategic insights, is proud to announce a partnership with Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money. As a Workday partner, The Groove will offer a comprehensive range of services, including deployments for clients of all sizes, and application managed services. Their goal is to ensure that clients ...

In the latest trading session, Workday (WDAY) closed at $246.34, marking a +0.15% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.17%. On the other hand, the Dow registered a gain of 0.32%, and the technology-centric Nasdaq decreased by 0.03%.Shares of the maker of human resources software have depreciated by 8.38% over the course of the past month, underperforming the Computer and Technology sector's gain of 0.39% and the S&P 500's gain of 0.17%.The investment c ...