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This statistic highlights Workday’s Order Backlog, reported annually from 2019 onwards.
The company delivers product updates every week along with major feature releases two times a year. With this model, the customers of Workday can stay current due to the features of a unified data and security model and a great user experience. The company sell their solutions across the world through direct sales and offer various professional services through direct Workday Services Partners in order to help customers deploy their solutions continually and adapt to new capabilities. The company’s purpose is to provide the best services to customers.
What is Order Backlog?
Order backlog or Subscription revenue backlog, also referred to as the remaining performance obligation for subscription contracts. This depicts the revenue from contracted subscription services that are not yet recognized. This may include both billed and unbilled amounts. This amount might fluctuate from time to time due to a number of factors like timing of renewals, renewal rates, new business growth, seasonality, average contract duration, and many more reasons.
(All the figures are in millions)
In the year 2019, the company’s order backlog was $11.00 million, however in the next year 2020, the company didn’t show any growth and had the same amount of order backlog. It indicated a 0% year-on-year growth in order backlog. Similarly, in the year 2021, the company’s order backlog was reported as $11.00 million and it didn’t show any growth.
From the above table, it can be observed that the company’s order backlog showed a straight slope in the graph. It did not witness any changes in backlog, standing at $11.oo million in the year 2019 and in the year 2021.
Workday Incorporation is an American public software company. It was founded in March 2005. The company was founded by Dave Duffield and Aneel Bhusri. It is based in Pleasanton, California, United States. Workday Incorporation’s common stock are traded using the ticker “WDAY” on the NASDAQ (National Association of Securities Dealers Automated Quotations). Workday Adaptive Planning, Scouut RFP Inc, are some of its subsidiaries. Workday is one of the leading enterprise cloud application providers for finance and human resources. The company assists customers in adapting to the changing world. They have assisted 9500 plus organizations with software as a service or “saas” solutions in order to help solve the most complex challenges that businesses today face, which includes supporting and empowering the workforce, managing the finances, and strategizing for the anticipated future.
Workday enterprise provide an intuitive, scalable, and protected platform in which finance, people, plans are tied together in one version of the truth. The company provide the organization with various unified systems which enables the company in planning and analyzing. The company assist in making the work and business better and empower their customers to do such by providing an innovative suite of solutions that are adopted by thousands of organizations across industries from medium-scale businesses to more than 50% of Fortune 500 companies. The company has made an official website portal and accounts on social networking sites, where it provides every single piece of information related to the incorporation. It also updates its customer through these platforms about new services and product launches. The company made a complaints receiving portal, where they can ask their queries and file complaints.
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* Billed annually, local taxes extra.
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