Workday (WDAY) Revenue — Quarter Ended Jul 31, 2024
Revenue increased in the latest quarter, continuing the positive trend seen over the past year. The growth rate was higher compared to the same period last year, though the sequential increase was more modest.
Key takeaway
Quarter ended Jul 31, 2024 · FY2025 Q2
Revenue increased in the latest quarter, continuing the positive trend seen over the past year. The growth rate was higher compared to the same period last year, though the sequential increase was more modest.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.1B
Revenue reported for this quarter.
Quarter-over-quarter
+4.8%
Change from the immediately preceding quarter.
Year-over-year
+16.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.9B
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 |
|---|---|---|
| Oct 31, 2023 | $1.9B | +16.7% |
| Jan 31, 2024 | $1.9B | +16.7% |
| Apr 30, 2024 | $2B | +18.2% |
| Jul 31, 2024 | $2.1B | +16.7% |
Revenue performance
The company reported higher revenue for the quarter, reflecting ongoing demand for its services. The liquidity position remains strong, with ample cash and marketable securities to support operations.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose at a slower pace. However, relative to the same quarter a year ago, the increase was more pronounced.
What to watch
Monitor customer renewal rates and subscription growth, as these are key factors in the company's long-term revenue trajectory.