Welcome to the Cloud Wars Minute — your daily news and commentary show, hosted by Cloud Wars Founder Bob Evans. Each episode provides insights and perspectives around the “reimagination machine” that is the Cloud.
In this Cloud Wars Minute, Bob examines the reported Q2 growth figures of Workday and how they illustrate a growing emphasis on industry clouds, especially in the financial services industry.
Highlights
00:01 — Workday recently finished its fiscal Q2 with a reported 23% growth in subscription revenue. Co-CEO Chano Fernandez also mentioned the total revenue for Workday in the financial services industry cracked $1 billion.
00:53 — The benchmark is part of the company’s increasing emphasis on industries, including healthcare, education, retail, and hospitality.
01:30 — Fernandez credited growth to new customers like Raymond James and Apex, as well as expansions with existing customers like Bank of Montreal and Cushman & Wakefield.
02:02 — The entire cloud industry is rapidly adopting an industry-specific approach to digital tools and infrastructure.
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