In this Cloud Wars Minute, Bob suggests four reasons why Workday is staying hot.
Highlights
00:14 — Workday had an impressive fiscal Q3, which ended on October 31. In Q3 of 2021, Workday’s subscription revenue growth was 21%. This year, the company saw a subscription revenue growth of 22.3%.
00:54 — On the company’s earnings call, CEO Aneel Bhusri and Co-CEO Chano Fernandez discussed how Workday customers are consolidating the various Workday technologies they utilize — ultimately eliminating other vendors.
02:09 — Bob says that Workday was able to keep this momentum going for the following reasons:
- The recent emphasis Workday puts on industry-specific solutions is winning over more customers
- The importance Workday has placed on partner ecosystems and co-creation
- Workday’s 750 new products and the possible developments of Workday Extend
- Its heavy use of technology, advanced data analytics, and artificial intelligence (AI)
