At IPO, 66% of Workday's revenue came from subscriptions (34% professional services), and they had 54% gross margins and (4%) FCF margin
Today they reported Q4. 89% of their revenue was subscription, gross margins were 72%, and FCF margin was 45%. Incredible scaling $WDAY
Workday Q1 update:
$1.0B revenue/ 23% growth
$3.5B subscription run-rate
$200M free cash flow
95% retention/ 100% net retention
Healthy pipeline growth for next year
Full year guidance:
$3.7B revenue/ 19% growth
Strong execution and excellent results in a volatile quarter.
So pleased to be in the audience for the announcement for the great work done by the @Workday credentials team and the launch of Wayto, our #blockchain enables credentials tool! Way to go @jamescross! #wdayrising
.@workday credentials using #blockchain can be a game changer.
#chousangle - Think about identity access management and how hard it is to do it right in #healthcare. How long does it take to credential a new clinical employee? #wdayrising
Oracle on Salesforce 2005: "Marc is running scared"
Salesforce today: $131B
Oracle on Workday 2012: "too small and frail"
Workday today: $41B
Oracle on MongoDB 2017: "Feature-Poor"
MongoDB today: $8B
Enterprise software incumbents attacking a startup is probably a good sign.
3/4 As software eats the world, access to developer talent is becoming a constraint. @Career_Karma prepares and delivers diverse talent to the likes of @LambdaSchool, playing a key role at the top of the funnel.
Work is digital but credentials aren’t. Today, @Workday is changing that - by using blockchain to turn them into software. Proud of the team today, after 12 months of building. blogs.workday.com/our-vision…
Congratulations @Zendesk on being honored at the @SFGMC gala tonight. @mikkelsvane your suit was perfect! It was a pleasure to attend with my colleague @jamescross (and @SFGMC alum himself) to celebrate all the amazing work the organization is doing. Beautiful evening.
Hands down, @Workday's perspective of the potential and limitations of #machinelearning is the most down-to-earth I've heard - at least in #HRTech. Approachable, reasonable, and focused on what's truly viable. #wdaysummit
The @Workday view of #MachineLearning
- Augment the Human
- Be trusted stewards
- Solve real business problems
- Focus #ML on strong use cases
- Build Ensemble Apps
- Educate and Empower
#WdaySummit
The @Workday view of #MachineLearning
- Augment the Human
- Be trusted stewards
- Solve real business problems
- Focus #ML on strong use cases
- Build Ensemble Apps
- Educate and Empower
#WdaySummit