Workday

Technology enterprise software hrtech human capital workforce management

Workday provides SaaS-based enterprise solutions for human resources, payroll and financial management, providing new levels of business agility for a fraction of the cost of buying, deploying and maintaining legacy on-premise systems. Workday Human Capital Management and Workday Financial Management use modern, standards-based technologies to provide an unparalleled level of agility, ease-of-use, and integration capability.

Company Growth (employees)

Type

Public

Pleasanton, US

Founded

2005

Size (employees)

6,400 (est)+7%

Website

workday.com

Workday was founded in 2005 and is headquartered in Pleasanton, US

Key People at Workday

Aneel Bhusri

Co-Founder and Chief Executive Officer

Robynne Sisco

Chief Financial Officer

Stan Swete

Chief Technology Officer

Dave Duffield

Co-Founder and Chairman

Christine Cefalo

Chief Marketing Officer

Diana McKenzie

Chief Information Officer

Jim Bozzini

Executive Vice President of Customer Operations

Mike Frandsen

Executive Vice President of Products, Support, and Delivery

Jim Shaughnessy

Senior Vice President, General Counsel and Secretary

Mike Stankey

Vice Chairman

Petros Dermetsis

EVP of Development

Ashley Goldsmith

Chief People Officer

Mark Peek

Co-President

Phil Wilmington

Co-President

Workday Office Locations

Workday has offices in Pleasanton, Atlanta, Beaverton, Boston and in 34 other locations

Pleasanton, US (HQ)

6230 Stoneridge Mall Road

North Sydney, AU

12 100 Pacific Hwy

East Melbourne, AU

23 29 Albert St

Kuala Lumpur, MY

Menara Maxis

Hong Kong, HK

1 Matheson St

Auckland, NZ

23 29 Albert St

Show all (38)

Workday Data and Metrics

Workday Financial Metrics

Workday's revenue was reported to be $479.9 m in Q1, 2017

Summary

USD

Workday's current market capitalization is $21.2 b.

Income Statement

Annual

USD	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	134.4 m	273.7 m	468.9 m	787.9 m	1.2 b	1.6 b
Revenue growth, %		104%	71%	68%	48%	35%
Operating expense total			622.2 m	1 b	1.4 b	1.9 b
EBIT			(153.3 m)	(215.7 m)	(264.7 m)	(376.7 m)
EBIT margin, %			(33%)	(27%)	(23%)	(24%)
Pre tax profit			(170.8 m)	(246 m)	(288.9 m)
Income tax expense		124 k	1.7 m	2 m	1 m	(814 k)
Net Income			(172.5 m)	(248 m)	(289.9 m)	(408.3 m)

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Revenue	186.8 m	215.1 m	251 m	282.7 m	305.3 m	345.4 m	377.7 m	409.6 m	479.9 m
Sales and marketing expense	78.5 m	80.7 m	94.9 m	106.4 m	111.7 m	127.5 m	139.2 m	149.5 m	155.7 m
R&D expense	77.5 m	85.3 m	99.3 m	115.3 m	124 m	141.8 m	161.9 m	185.3 m	196.4 m
General and administrative expense	26.9 m	28.8 m	32.2 m	36.5 m	38 m	41.2 m	45.7 m	57.7 m	51.2 m
Operating expense total	182.9 m	194.7 m	226.4 m	258.3 m	273.7 m	310.5 m	346.8 m	392.6 m	403.4 m
EBIT	(61.8 m)	(51.5 m)	(53.4 m)	(67.6 m)	(70.2 m)	(73.6 m)	(86.9 m)	(109.9 m)	(60.2 m)
EBIT margin, %	(33%)	(24%)	(21%)	(24%)	(23%)	(21%)	(23%)	(27%)	(13%)
Pre tax profit	(68.7 m)	(59.5 m)	(60.6 m)			(79.5 m)			(61.9 m)
Income tax expense	493 k	399 k	918 k	(2 m)	915 k	1.1 m	(65 k)	1.1 m	2.2 m
Net Income	(69.2 m)	(59.9 m)	(61.6 m)	(69.4 m)	(77.8 m)	(80.6 m)	(108 m)	(114.1 m)	(64 m)

Balance Sheet

Annual

USD	Y, 2009	Y, 2010	Y, 2011	Y, 2012	Y, 2013	Y, 2014	Y, 2015	Y, 2016	FY, 2017
Cash	34.4 m	30.9 m	30.5 m	57.5 m	84.2 m	581.3 m	298.2 m	300.1 m	539.9 m
Accounts Receivable									7.1 m
Inventories						28.4 m	42.5 m	77.6 m	88.3 m
Current Assets						2 b	2.1 b	2.4 b	2.5 b
PP&E						77.7 m	140.1 m	214.2 m	365.9 m
Goodwill									158.4 m
Total Assets						2.2 b	2.4 b	2.7 b	3.2 b
Accounts Payable						6.2 m	10.6 m	19.6 m	26.8 m
Current Liabilities						421.9 m	641.3 m	922.7 m	1.3 b
Total Liabilities									2 b
Additional Paid-in Capital						1.8 b	1.9 b	2.2 b	2.7 b
Retained Earnings						(574.4 m)	(822.4 m)	(1.1 b)	(1.5 b)
Total Equity						1.2 b		1.1 b	1.2 b
Financial Leverage						1.8 x		2.4 x	2.7 x

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Cash	262.6 m	192.1 m	270.5 m	230.6 m	219.9 m	404.6 m	405.5 m	386.6 m	498.9 m
Accounts Receivable	100.5 m	118.9 m	128.5 m	156.3 m	170.9 m	193.1 m	248.7 m	268.9 m
Current Assets	2 b	2 b	2.1 b	2.1 b	2.2 b	2.4 b	2.4 b	2.3 b	2.5 b
PP&E	105.9 m	116.6 m	154.5 m	172.7 m	195 m	254.7 m	255.1 m	334.3 m	404.1 m
Goodwill									158.2 m
Total Assets	2.2 b	2.2 b	2.4 b	2.4 b	2.5 b	2.8 b	2.8 b	2.9 b	3.3 b
Accounts Payable	6.6 m	9.6 m	13.3 m	23.7 m	17 m	19 m	17.1 m	28.4 m	28.2 m
Current Liabilities	489.5 m	537.6 m	666.6 m	706.3 m	751.7 m	970.3 m	1 b	1.1 b	1.3 b
Common Stock	183 k	185 k	188 k	190 k	191 k	195 k	198 k	200 k	205 k
Additional Paid-in Capital	1.8 b	1.9 b	2 b	2.1 b	2.2 b	2.3 b	2.4 b	2.5 b	2.8 b
Retained Earnings	(703 m)	(762.9 m)	(883.9 m)	(953.4 m)	(1 b)	(1.2 b)	(1.3 b)	(1.4 b)	(1.5 b)
Total Equity	1.1 b			1.1 b	1.1 b	1.1 b	1.1 b	1.1 b	1.3 b
Financial Leverage	1.9 x			2.2 x	2.2 x	2.5 x	2.5 x	2.6 x	2.5 x

Cash Flow

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	(172.5 m)	(248 m)	(289.9 m)	(408.3 m)
Depreciation and Amortization	34.7 m	59.2 m	85.9 m	115.9 m
Accounts Receivable	(25 m)	(97 m)	(110 m)	(88.6 m)
Accounts Payable	3.5 m	1.1 m	6.8 m	6.3 m
Cash From Operating Activities	46.3 m	102 m	258.6 m	348.7 m
Purchases of PP&E	(60.7 m)	(103.6 m)	(133.7 m)
Cash From Investing Activities	(682.6 m)	(404.2 m)	(300.1 m)	(168.9 m)
Cash From Financing Activities	1.1 b	19.5 m	44.1 m	59.7 m
Interest Paid	4.9 m	6.9 m	6.5 m	6.5 m
Income Taxes Paid		943 k	2.1 m	5.3 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income	(69.2 m)	(59.9 m)	(61.6 m)	(69.4 m)	(77.8 m)	(80.6 m)	(108 m)	(114.1 m)	(64 m)
Accounts Receivable	100.5 m	118.9 m	128.5 m	156.3 m	170.9 m	193.1 m	248.7 m	268.9 m
Accounts Payable	6.6 m	9.6 m	13.3 m	23.7 m	17 m	19 m	17.1 m	28.4 m	28.2 m

Ratios

	Y, 2017
Financial Leverage	2.5 x

Workday Operating Metrics

Workday's Customers was reported to be 1.5 k in FY, 2017, which is a 25% increase from the previous period. Workday's Backlog was reported to be $2.5 b in FY, 2017, which is a 56% increase from the previous period

	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Backlog	$636.1 m	$965 m	$1.6 b	$2.5 b
Customers			1.2 k	1.5 k

Source: Company Filings

Workday Market Value History

Workday Median Salaries

Source: 282 public H-1B filings from Workday

Market Position of Workday

Competitors

Revenue (Q1, 2017)	479.9 m
Net income (Q1, 2017)	(64 m)
EBIT (Q1, 2017)	(60.2 m)
Market capitalization (25-Jul-2017)	21.2 b
Cash (30-Apr-2017)	498.9 m

Workday

Company Growth (employees)

Key People at Workday

Aneel Bhusri

Robynne Sisco

Stan Swete

Dave Duffield

Christine Cefalo

Diana McKenzie

Jim Bozzini

Mike Frandsen

Jim Shaughnessy

Mike Stankey

Petros Dermetsis

Ashley Goldsmith

Mark Peek

Phil Wilmington

Workday Office Locations

Workday Data and Metrics

Workday Financial Metrics

Summary

Revenue (Q1, 2017)

Net income (Q1, 2017)

EBIT (Q1, 2017)

Market capitalization (25-Jul-2017)

Cash (30-Apr-2017)

Income Statement

Revenue

Revenue growth, %

Operating expense total

EBIT

EBIT margin, %

Pre tax profit

Income tax expense

Net Income

Revenue

Sales and marketing expense

R&D expense

General and administrative expense

Operating expense total

EBIT

EBIT margin, %

Pre tax profit

Income tax expense

Net Income

Balance Sheet

Cash

Accounts Receivable

Inventories

Current Assets

PP&E

Goodwill

Total Assets

Accounts Payable

Current Liabilities

Total Liabilities

Additional Paid-in Capital

Retained Earnings

Total Equity

Financial Leverage

Cash

Accounts Receivable

Current Assets

PP&E

Goodwill

Total Assets

Accounts Payable

Current Liabilities

Common Stock

Additional Paid-in Capital

Retained Earnings

Total Equity

Financial Leverage

Cash Flow

Net Income

Depreciation and Amortization

Accounts Receivable

Accounts Payable

Cash From Operating Activities

Purchases of PP&E