Workday

Workday, Inc. (Nasdaq: WDAY) is a leading provider of enterprise cloud applications for finance and human resources. Founded in 2005 by Dave Duffield and Aneel Bhusri, Workday offers a suite of cloud-based software solutions designed to help organizations manage their workforce, finances, and operations. The company went public in 2012 and has since grown to serve over 10,000 customers globally, including more than 50% of the Fortune 500 companies.

Workday's product portfolio includes:

• Human Capital Management (HCM): For managing employee data, benefits, payroll, and workforce planning

• Financial Management: For accounting, procurement, and financial reporting

• Adaptive Planning: For budgeting, forecasting, and financial planning

• Spend Management: For expense management and procurement

• Analytics and Reporting: For data-driven insights across the organization

• Learning: For employee training and development

• Recruiting: For talent acquisition and onboarding

Workday's platform is built with artificial intelligence and machine learning capabilities at its core, allowing organizations to leverage advanced analytics and automation across their business processes. The company's cloud-based model enables frequent updates and innovations to be quickly deployed to customers.

In fiscal year 2023, Workday reported total revenues of USD 6.22 billion, a 21.0% increase from the previous year. Subscription revenues, which make up the bulk of the company's income, grew 22.5% to USD 5.57 billion. As of January 31, 2023, Workday had USD 6.12 billion in cash and marketable securities.

Workday continues to invest heavily in innovation, particularly in areas like artificial intelligence and machine learning. In February 2023, the company announced a USD 250 million expansion of its Workday Ventures fund to power technology innovation. Workday is also expanding its global reach, with a growing customer base across various industries including retail, healthcare, financial services, and education.