Workday, Inc., is an American on-demand financial management and human capital management software vendor. Workday was founded by David Duffield, founder and former CEO of ERP company PeopleSoft, and former PeopleSoft chief strategist Aneel Bhusri following Oracle's hostile takeover of PeopleSoft in 2005.

Company profile
Ticker
WDAY
Exchange
Website
CEO
Aneel Bhusri
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
North Tahoe Power Tools Inc, Workday Inc
SEC CIK
Corporate docs
Subsidiaries
Adaptive Insights Co., Ltd. • Adaptive Insights Limited • Adaptive Insights LLC • Adaptive Insights Pty Ltd. • Adaptive Insights, Ltd. • Adaptive Planning, Inc. • Canada Workday ULC • Peakon ApS • Peakon GmbH • Peakon Ltd ...
IRS number
202480422
WDAY stock data
Press releases
Workday Elects Wayne A.I. Frederick, M.D. to Board of Directors
22 Jun 22
Workday Chief Strategy Officer Pete Schlampp to Present at Upcoming Investor Conference
2 Jun 22
Workday Announces Fiscal 2023 First Quarter Financial Results
26 May 22
Workday Announces Date of Fiscal 2023 First Quarter Financial Results
5 May 22
Workday Global Survey: Finance, HR, and IT Leaders Reveal Top Barriers to Digital Transformation Post-Pandemic
27 Apr 22
Analyst ratings and price targets
Current price
Average target
$227.59
Low target
$170.00
High target
$310.00
DA Davidson
Maintains
$220.00
Canaccord Genuity
Maintains
$200.00
Baird
Maintains
$235.00
UBS
Maintains
$170.00
BMO Capital
Maintains
$239.00
Wells Fargo
Maintains
$240.00
Stifel
Maintains
$220.00
Morgan Stanley
Maintains
$310.00
Deutsche Bank
Maintains
$225.00
Needham
Maintains
$200.00
Barclays
Maintains
$208.00
Mizuho
Maintains
$200.00
JP Morgan
Maintains
$235.00
Credit Suisse
Maintains
$230.00
Piper Sandler
Maintains
$230.00
Keybanc
Maintains
$207.00
Goldman Sachs
Maintains
$300.00
Investment data
Securities sold
Number of investors
Calendar
26 May 22
26 Jun 22
31 Jan 23
Financial summary
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Diluted EPS |
Annual (USD) | Jan 22 | Jan 21 | Jan 20 | Jan 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.79B | 2.79B | 2.79B | 2.79B | 2.79B | 2.79B |
Cash burn (monthly) | (no burn) | (no burn) | 31M | 12.47M | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 59.15M | 23.78M | n/a | n/a |
Cash remaining | n/a | n/a | 2.73B | 2.76B | n/a | n/a |
Runway (months of cash) | n/a | n/a | 88.0 | 221.6 | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
22 Jun 22 | Yang Jerry | Class A Common Stock | Grant | Acquire A | No | No | 0 | 2,564 | 0 | 92,544 |
22 Jun 22 | Thomas F Bogan | Class A Common Stock | Grant | Acquire A | No | No | 0 | 2,077 | 0 | 44,084 |
22 Jun 22 | Still George J JR | Class A Common Stock | Grant | Acquire A | No | No | 0 | 3,051 | 0 | 159,903 |
22 Jun 22 | Styslinger Lee J Iii | Class A Common Stock | Grant | Acquire A | No | No | 0 | 2,321 | 0 | 33,962 |
Institutional ownership, Q1 2022
13F holders | Current |
---|---|
Total holders | 823 |
Opened positions | 822 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 41.17B |
Total shares | 172.03M |
Total puts | 8.93M |
Total calls | 7.53M |
Total put/call ratio | 1.2 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 12.15M | $2.91B |
BLK Blackrock | 11.49M | $2.75B |
Baillie Gifford & Co | 7.75M | $1.86B |
Wellington Management | 7.09M | $1.7B |
JHG Janus Henderson | 6.21M | $1.49B |
Lone Pine Capital | 5.12M | $1.23B |
STT State Street | 4.18M | $1B |
JPM JPMorgan Chase & Co. | 3.93M | $941.46M |
FMR | 3.82M | $915.27M |
GS Goldman Sachs | 3.58M | $857.79M |
Financial report summary
?Competition
Automatic Data Processing • Microsoft • Tyler • Sap SE • The Ultimate Software Group Inc • Healthstream • Oracle • Coupa Software • Cornerstone OnDemand • AnaplanRisks
- The extent to which the ongoing COVID-19 pandemic, the continuing global economic and geopolitical volatility, and measures taken in response to such events will continue to impact our business, financial condition, and operating results will depend on future developments, which are highly uncertain and difficult to predict.
- If we fail to properly manage our technical operations infrastructure, experience service outages, undergo delays in the deployment of our applications, or our applications fail to perform properly, we may be subject to liabilities and our reputation and operating results may be adversely affected.
- We depend on data centers and computing infrastructure operated by third parties, and any disruption in these operations could adversely affect our business and operating results.
- We may lose key employees or be unable to attract, train, and retain highly skilled employees.
- If we cannot maintain our corporate culture, we could lose the innovation, teamwork, and passion that we believe contribute to our success, and our business may be harmed.
- Our business could be adversely affected if our users are not satisfied with the deployment, training, and support services provided by us and our partners.
- Our future success depends on the rate of customer subscription renewals or adoptions, and our revenues or operating results could be adversely impacted if we do not achieve renewals and adoptions at expected rates or on anticipated terms.
- Our quarterly results may fluctuate significantly and may not fully reflect the underlying performance of our business.
- We have experienced rapid growth, and if we fail to manage our growth effectively, we may be unable to execute our business plan, maintain high levels of service and operational controls, or adequately address competitive challenges.
- If we fail to develop widespread brand awareness cost-effectively, our business may suffer.
- We have acquired, and may in the future acquire, other companies, employee teams, or technologies, which could divert our management’s attention, result in additional dilution to our stockholders, and otherwise disrupt our operations and adversely affect our operating results.
- Sales to customers outside the United States or with international operations expose us to risks inherent in global operations.
- The markets in which we participate are intensely competitive, and if we do not compete effectively, our operating results could be adversely affected.
- If we are not able to realize a return on our current development efforts or offer new features, enhancements, and modifications to our services that are desired by current or potential customers, our business and operating results could be adversely affected.
- Our growth depends on the success of our strategic relationships with third parties as well as our ability to successfully integrate our applications with a variety of third-party technologies.
- If we are not able to realize a return on the investments we have made toward entering new markets and new lines of business, our business and operating results could be adversely affected.
- Social and ethical issues relating to the use of new and evolving technologies, such as machine learning and AI, in our offerings may result in reputational harm and liability.
- Our aspirations and disclosures related to environmental, social, and governance (“ESG”) matters expose us to risks that could adversely affect our reputation and performance.
- If our information technology systems are compromised or unauthorized access to customer or user data is otherwise obtained, our applications may be perceived as not being secure, our operations may be disrupted, our applications may become unavailable, customers and end users may reduce the use of or stop using our applications, and we may incur significant liabilities.
- Privacy concerns, evolving regulation of cloud computing, cross-border data transfer, and other domestic or foreign laws and regulations may reduce the adoption of our applications, result in significant costs and compliance challenges, and adversely affect our business and operating results.
- Any failure to protect our intellectual property rights domestically and internationally could impair our ability to protect our proprietary technology and our brand.
- We may be sued by third parties for alleged infringement of their proprietary rights.
- Some of our applications utilize open source software, and any failure to comply with the terms of one or more of these open source licenses could negatively affect our business.
- Unfavorable laws, regulations, interpretive positions or standards governing new and evolving technologies that we incorporate into our products and services could result in significant cost and compliance challenges and adversely affect our business and operating results.
- We are subject to risks related to government contracts and related procurement regulations, which may adversely impact our business and operating results.
- Adverse litigation results could have a material adverse impact on our business.
- We may not be able to utilize a portion of our net operating loss or research tax credit carryforwards, which could adversely affect our profitability.
- Unanticipated tax laws or any change in the application of existing tax laws to us or our customers, especially those limiting our ability to utilize our net operating loss and research tax credit carryforwards, may increase the costs of our services and adversely impact our profitability and business.
- Our historic revenue growth rates should not be viewed as indicative of our future performance.
- Because we encounter long sales cycles when selling to large customers and we recognize subscription services revenues over the term of the contract, downturns or upturns in new sales will not be immediately reflected in our operating results and may be difficult to discern.
- We have a history of cumulative losses, and we may not achieve or sustain profitability on a GAAP basis in the future.
- We have substantial indebtedness which may adversely affect our financial condition and operating results.
- Our convertible note hedge and warrant transactions may affect the value of our Class A common stock.
- We are subject to risks associated with our equity investments, including partial or complete loss of invested capital, and significant changes in the fair value of this portfolio could adversely impact our financial results.
- Our Co-Founders have control over key decision making as a result of their control of a majority of our voting stock.
- The dual class structure of our common stock has the effect of concentrating voting control with our Co-Founders, as well as with other executive officers, directors, and affiliates, which limits or precludes the ability of non-affiliates to influence corporate matters.
- Our stock price has been volatile in the past and may be subject to volatility in the future.
- Delaware law and provisions in our restated certificate of incorporation and amended and restated bylaws could make a merger, tender offer, or proxy contest difficult, thereby depressing the market price of our Class A common stock.
- The exclusive forum provision in our organizational documents may limit a stockholder’s ability to bring a claim in a judicial forum that it finds favorable for disputes with us or any of our directors, officers, or other employees, which may discourage lawsuits with respect to such claims.
- We do not intend to pay dividends for the foreseeable future.
- Adverse economic conditions may negatively impact our business.
- Catastrophic or climate-related events may disrupt our business.
- We may discover weaknesses in our internal controls over financial reporting, which may adversely affect investor confidence in the accuracy and completeness of our financial reports and consequently the market price of our securities.
Management Discussion
- Total revenues were $1.4 billion for the three months ended April 30, 2022, compared to $1.2 billion for the prior year period, an increase of $260 million, or 22%. Subscription services revenues were $1.3 billion for the three months ended April 30, 2022, compared to $1.0 billion for the prior year period, an increase of $240 million, or 23%. The increase in subscription services revenues was primarily due to an increased number of customer contracts and strong customer renewals, with gross retention over 95%. Professional services revenues were $163 million for the three months ended April 30, 2022, compared to $143 million for the prior year period, an increase of $20 million, or 14%. The increase in professional services revenues was primarily due to Workday performing deployment and integration services for a greater number of customers.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. junior Good
|
New words:
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Removed:
accessibility, adaptable, Adaptive, alerting, annum, Asia, assembled, asset, August, benchmarking, beneficiary, bifurcation, binding, bought, breached, calculating, category, circumstance, committed, continually, Cooperation, covering, curtail, decide, deductible, deducting, deduction, defective, deficit, developed, Director, Disaggregation, earned, EBITDA, educational, Elevate, embedded, facilitating, Facilitation, facing, favorably, feedback, forma, funded, gave, greatest, hypothetical, ill, immigration, importance, improved, improvement, imputed, integrated, interbank, investee, judgment, lender, London, manufacturing, master, mega, minimum, moderation, month, narrow, negotiation, netted, nonprofit, optimize, optional, outlook, outpacing, par, partnership, penalty, permanently, preliminarily, preliminary, premium, prevailing, previously, prime, pronouncement, prospectively, purpose, put, reached, recombined, reconciliation, reference, reliable, rent, representing, retrospective, revise, RSA, separated, simplified, solvency, structured, Subtopic, tangible, temporary, top, transition, transitioned, unconsolidated, unemployment, unforeseen, unprecedented, utilizing, vaccine, vesting, VIE, visibility, voluntary
Financial reports
Current reports
8-K
Submission of Matters to a Vote of Security Holders
24 Jun 22
8-K
Workday Elects Wayne A.I. Frederick, M.D. to Board of Directors
22 Jun 22
8-K
Workday Announces Fiscal 2023 First Quarter Financial Results
26 May 22
8-K
Entry into a Material Definitive Agreement
7 Apr 22
8-K
Entry into a Material Definitive Agreement
1 Apr 22
8-K
Workday Announces Fiscal 2022 Fourth Quarter and Full Year Financial Results
27 Feb 22
8-K
Departure of Directors or Certain Officers
25 Feb 22
8-K
Workday Announces Intent to Acquire VNDLY
18 Nov 21
8-K
Departure of Directors or Certain Officers
18 Nov 21
8-K
Workday Announces Fiscal 2022 Third Quarter Financial Results
18 Nov 21
Registration and prospectus
S-8
Registration of securities for employees
22 Jun 22
424B5
Prospectus supplement for primary offering
31 Mar 22
FWP
Free writing prospectus
30 Mar 22
424B5
Prospectus supplement for primary offering
30 Mar 22
S-3ASR
Automatic shelf registration
9 Jun 20
S-8
Registration of securities for employees
18 Mar 19
S-8
Registration of securities for employees
17 Aug 18
S-8
Registration of securities for employees
13 Mar 18
25
Voluntary exchange delisting
18 Sep 17
8-A12B
Registration of securities on exchange
18 Sep 17
Proxies
DEFA14A
Additional proxy soliciting materials
17 Jun 22
DEFR14A
Revised proxy
10 Jun 22
DEFA14A
Additional proxy soliciting materials
10 May 22
DEFA14A
Additional proxy soliciting materials
26 Apr 21
DEFA14A
Additional proxy soliciting materials
27 Apr 20
DEFA14A
Additional proxy soliciting materials
26 Apr 19
DEF 14A
Definitive proxy
26 Apr 19
Other
UPLOAD
Letter from SEC
4 Sep 17
CORRESP
Correspondence with SEC
30 Aug 17
UPLOAD
Letter from SEC
24 Aug 17
CORRESP
Correspondence with SEC
7 Aug 17
UPLOAD
Letter from SEC
2 Aug 17
UPLOAD
Letter from SEC
22 Jun 15
CORRESP
Correspondence with SEC
2 Jun 15
UPLOAD
Letter from SEC
20 May 15
UPLOAD
Letter from SEC
23 Jul 14
CORRESP
Correspondence with SEC
6 Jul 14
Ownership
4
Workday / Carl M. Eschenbach ownership change
24 Jun 22
4
Workday / Wayne A.I. Frederick ownership change
24 Jun 22
4
Workday / MICHAEL M MCNAMARA ownership change
24 Jun 22
4
Workday / Lynne M Doughtie ownership change
24 Jun 22
4
Workday / Ann Marie Campbell ownership change
24 Jun 22
4
Workday / Christa Davies ownership change
24 Jun 22
4
Workday / LEE J STYSLINGER III ownership change
24 Jun 22
4
Workday / THOMAS F BOGAN ownership change
24 Jun 22
4
Workday / GEORGE J STILL JR ownership change
24 Jun 22
4
Workday / JERRY YANG ownership change
24 Jun 22
Patents
Utility
Project discovery for automated compilation, testing, and packaging of applications
14 Jun 22
A system for discovering a task list includes an interface and a processor.
Utility
Automated cluster execution support for diverse code sources
7 Jun 22
A system for automated cluster execution support includes and interface, a linking storage system, and a processor.
Utility
Outlier identification and removal
7 Jun 22
A system for outlier detection and removal comprises an interface and a processor.
Utility
Systems and Methods for Improving Computational Speed of Planning by Tracking Dependencies In Hypercubes
26 May 22
A system for updating a hypercube includes an interface and a processor.
Utility
System and method for blockchain-based device authentication based on a cryptographic challenge
17 May 22
A system for blockchain-based authentication comprises an interface and a processor configured to (i) receive, by a first device, a command from a second device, where the first device is associated with a first trust certificate, (ii) receive a second trust certificate from the second device, (iii) communicate a cryptographic challenge using a public key of the second device to the second device, (iv) receive a response to the cryptographic challenge from the second device, (v) check whether the response matches with a predetermined correct response or not, and (vi) authenticate the second device and execute the commend received from the second device only if the response matches with the predetermined correct response.
Transcripts
2023 Q1
Earnings call transcript
27 May 22
2022 Q4
Earnings call transcript
1 Mar 22
2022 Q3
Earnings call transcript
19 Nov 21
2022 Q2
Earnings call transcript
27 Aug 21
2022 Q1
Earnings call transcript
27 May 21
2021 Q4
Earnings call transcript
26 Feb 21
2021 Q3
Earnings call transcript
20 Nov 20
2021 Q2
Earnings call transcript
27 Aug 20
2020 Q1
Earnings call transcript
27 May 20
2020 Q4
Earnings call transcript
27 Feb 20
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