WORKDAY NASDAQ: WDAY
Background of Workday
- Workday, Inc. is an American on-demand, more commonly known as cloud-based, financial management and human capital management software vendor operating out of California, United States.
- Workday, Inc. traces its history back 16 years when it was founded in March 2005, and launched in November 2006, funded by Duffield as well as the venture capital firm Greylock Partners.
- In 2008, Workday, Inc. announced an agreement to purchase Cape Clear Software and during the same year, Workday, Inc. signed a large contract with Flextronics to offer capital management software services.
- In April 2009, Workday, Inc. announced secured funding of $75 million (1.09 billion ZAR) which was led by New Enterprise Associates. There was participation form existing investors Greylock and Partners as well as the Workday, Inc. CEO and co-founder, Dave Duffield, during this round of funding.
- In 2011, Workday, Inc. announced an additional round of funding in which $85 million (1.2 billion ZAR) was raised, bringing the total capital raised to $250 million (3.6 billion ZAR).
- The latest round of funding consisted of participation from T. Rowe Price, Morgan Stanley Investment Management, Janus, and Bezos Expeditions, a personal investment entity of the founder and CEO of Amazon, Jeff Bezos.
- As of 2012, Workday, Inc. had more than 310 customers which ranged from mid-sized businesses and companies to several Fortune 500 companies.
- During the same year, Workday, Inc. launched its official initial public offering (IPO) on the New York Stock Exchange under the stock symbol WDAY. During the IPO, Workday, Inc.’s shares were sold at a price of $28 (408.91 ZAR) and ended the trading day at a price of $48.69 (711.07 ZAR).
- This initial sale propelled the start-up to a market capitalisation of $9.5 billion (138 billion ZAR) including unexercised stock options. During the IPO, Workday, Inc. sold 22.75 million Class A shares, raising $637 million (9.3 billion ZAR) in funding, raising more cash than any launch in the US technology sector since Facebook’s $16 billion (233 billion ZAR) IPO in May 2012.
- Workday, Inc. shares surged 74% in their IPO, underscoring investor interest in cloud computing.
- In 2018, Workday, Inc. completed the successful acquisition of Filip Doušek’s Stories.bi.
- Today, the Co-CEO of Workday, Inc. is Aneel Bhusri, a partner with Greylock Partners who has extensive experience in senior leadership positions which he gained from a career at PeopleSoft. In 2025, Chano Fenandez was promoted to Co-CEO, with Dave Duffield serving as chairperson of the board.
- Today, Workday, Inc. is based in Pleasanton, California, United States with more than 12,500 employees and services which are spread across software, recruiting, and human resources.
- The product portfolio of Workday, Inc. consists of human capital management, payroll, financial management, and student administration, amidst several others.
Workday Shares Growth Driver
- Workday, Inc. ranked in the Fortune magazine in 2025 at number five on the Fortune List “Top 100 Companies to Work For”, according to employee survey of satisfaction.
- San Francisco’s Business Time also ranked Workday, Inc. at number two on the “Best Places to Work in the Bay” in the largest companies’ category.
- Workday, Inc. also has publicly disclosed contracts or deployments with multinational companies such as Aviva, Chiquita Brands, CAE, Inc., Thomson Reuters, Time Warner, and others.
- Workday, Inc.’s business model revolves around selling subscriptions to its services instead of directly selling software. Expenses are booked upfront when a new customer is signed on, but the associated revenue is recognised according to the life of multiyear agreements.
- By 2016, Workday, Inc. announced annual revenues to the value of $1 billion (14.6 billion ZAR) for the first time in its history since its inception.
- As of March 2025, Workday, Inc. had released 34 updates on its product portfolio, with the most recent being “2020 R1”. There are major updates which are released every 6 months.
- Workday, Inc.’s data centres are operated from Virginia, Georgia, Oregon, Ireland, and Netherlands. Workday, Inc. also uses Amazon Web Services for primary computing infrastructure platforms, allowing it to accelerate worldwide expansion and reach.
- In 2018, Workday, Inc. took a great step towards artificial intelligence when it acquired SkipFlag, an AI knowledge base which can build itself from the internal communications of a company.
Workday Investor Tip
- Workday, Inc. trades its shares on the NASDAQ Stock Market (NASDAQ) under the stock symbol WDAY (Class A). Workday, Inc. forms part of the NASDAQ-100
- An analysis on the market performance for the first quarter of 2025 for the fiscal 2025 indicated that Workday, Inc. achieved total revenues to the value of $1.18 billion (17.2 billion ZAR) which increased by 15.4% Year-over-year.
- Workday, Inc.’s subscription revenue amounted to $1.03 billion (15 billion ZAR), showing an increase of 17% Year-over-year while the 24-month subscription backlog amounted to $6.59 billion (96.2 billion ZAR), which increased 19.5% Year-over-year.
- Workday, Inc. reported a total subscription revenue backlog of $10.08 billion (147.2 billion ZAR), which increased by 23% Year-over-year.
- Operating cash flows for Workday, Inc. were $452.4 million (6.6 billion ZAR) compared to the $263.7 million (3.8 billion ZAR) in the same quarter in 2025.
- The cash, cash equivalents, and the marketable securities for Workday, Inc. were $2.99 billion (43.6 billion) as of April.
- Workday, Inc. experienced a solid and strong start to the year with more organisations turning to the services provided by Workday, Inc. to accelerate their digital transformation efforts, helping them meet the demands of evolving finance and workforce in a post-pandemic world.
- Workday, Inc. have strong values with its employees, foundational to continued customer success, which is one of the reasons that Workday, Inc. invests heavily in growing its workforce.
- Workday, Inc.’s first quarter performance, combined with ongoing strength in the product portfolio, demonstrates a consistent demand for the unique solutions that Workday, Inc.
- Workday, Inc.’s first quarter results are driven by strong execution against a market backdrop which is consistently improving as businesses return to normal operations.
- As result of the performance that Workday, Inc. has displayed in the first quarter, the fiscal 2025 guidance for subscription revenue was raised to between $4.425 to $4.440 billion (64.6 to 64.8 billion ZAR).
- The forecast on the second quarter subscription revenue is between $1.095 to $1.097 billion (15.9 to 16 billion ZAR), indicating 18% growth, while the fiscal 2025 non-GAAP operating margin guidance was raised to between 18% and 19%.
- In addition to financials, Workday, Inc. is also looking to create 400 new jobs at the European headquarters in Dublin along with 250 new roles in Georgia.
- Data from the analysis should be weighed against forecasted performance during this pandemic, but for now, prices on shares and in turn dividends remain unaffected, which provides shareholders with assurance that they will have a strong buy-in on NASDAQ.
Sector
Technology
Industry
Software – Application
Sub industry
Cloud computing, Software
Latest News
Workday: How to buy Workday Shares Online
Here are the steps you need to follow to buy Workday, Inc. shares with utmost confidence:
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FAQ
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Yes, you can.
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By simply opening a free account with SA Shares, or by clicking the “Buy this Share” button to get started.
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By clicking on the link provided above, you can view the real-time Workday, Inc. share price on the platform.
Is Workday, Inc. a good share to buy?
Yes, it is. Workday, Inc. has shown increased financial performance in the first quarter of the year, with improvements forecasted for the second quarter.
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