Welcome to the Cloud Wars Minute — your daily news and commentary show, hosted by Cloud Wars Founder, Bob Evans. The next three minutes are packed with insights and perspectives around the “reimagination machine” that is the Cloud! Today’s Topic: Workday Surges Towards $5 Billion in Fiscal-Year Revenue
Highlights
0:05 – Cloud Wars Minute is presented by Redis. Read more about Redis on Cloud Wars.
0:20 – Congratulations to Workday, which reported excellent Q3 numbers yesterday and seems to be well on its way to $5 billion in revenue for its fiscal year, which ends January 31.
0:55 – Based on its Q3 results and a strong outlook for Q4, Workday raised its guidance for the fiscal year for subscription revenue to $4.53 billion. Since their total revenue is about 14% higher than that, Bob did the math and came up with $5 billion+ for Workday’s total fiscal-year revenue.
01:43 – These massive numbers might seem somewhat arbitrary and hard to grasp. But its Q3 results speak to how Workday is achieving ongoing growth and stability around its core HCM products while also expanding what it does in other areas like Financials.
02:23 – Additionally, the great innovation that Workday is pursuing in industry-specific solutions and industry clouds is giving the company the ability to grow and meet the demands of its customers in this challenging time at the onset of the digital economy.
