Workday, Inc. reported solid Q4 fiscal 2024 results with 18% subscription revenue growth and a non-GAAP operating margin of 24%.
Key investments across leadership, go-to-market, partner ecosystem, and platform have positioned Workday for enduring growth in FY 2025 and beyond.
Workday emphasizes the responsible development and deployment of AI technologies, with AI being integrated into the core of its platform for nearly a decade.
The planned acquisition of HiredScore aims to enhance Workday's AI-powered talent orchestration solutions.
Workday's net new business is driven by a balanced mix of new customer wins and expansions within the installed base.
International markets represent over half of Workday's addressable opportunity but only a quarter of its revenues, indicating significant growth potential.
The company continues to invest in several growth areas, including international expansion, financials, and the partner ecosystem.
Workday's Q4 FY 2024 subscription revenue was $1.76 billion, up 18%, with full-year subscription revenue at $6.6 billion, growing 19%.
FY 2025 guidance reiterates full-year subscription revenue of $7.725 billion to $7.775 billion, representing 17% to 18% growth.
Workday plans to continue investing in key growth initiatives while also expanding margins and optimizing the business.
This announcement is a summary of the Earnings Call on 28/2/2024.