Workday (WDAY) Revenue — Quarter Ended Apr 30, 2023
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential growth was modest, while the annual increase remained substantial.
Key takeaway
Quarter ended Apr 30, 2023 · FY2024 Q1
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential growth was modest, while the annual increase remained substantial.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.7B
Revenue reported for this quarter.
Quarter-over-quarter
+2.3%
Change from the immediately preceding quarter.
Year-over-year
+17.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 31, 2022 | $1.5B | +21.9% |
| Oct 31, 2022 | $1.6B | +20.5% |
| Jan 31, 2023 | $1.6B | +19.6% |
| Apr 30, 2023 | $1.7B | +17.4% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, reflecting continued business expansion. Compared to the same period a year earlier, revenue also showed a notable gain.
Quarterly comparison
The sequential increase was smaller than the year-over-year rise, indicating that the pace of growth has moderated. The trend of year-over-year growth rates has declined over the past four quarters.
What to watch
The deceleration in year-over-year revenue growth warrants attention as it may signal changing market conditions.