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This statistic highlights Workday’s Revenue breakdown by region, split between International and United States, reported on a quarterly basis.
The company is ranked at 5th number on the Fortune List of Top 100 companies to work for in the year 2020. The company mainly generates its revenue from the sale of subscriptions of its services and providing software solutions globally.
The following table highlights Workday’s Revenue by Segment for Q3 2021, Q2 2022, and Q3 2022.
|Revenue by region||Q3 2021||Q2 2022||Q3 2022||Contribution in Q3 2022|
(All figures in billions, except percentages)
The company markets its subscription contracts and affiliated services in two geographical markets: Customers located within and outside of the United States. The revenue by geographic location of the company is generally dependent on the address of the customer that is specified in the company’s master subscription agreement.
Workday’s total revenue increased from $1.10 billion in Q3 2021 to $1.33 billion in Q3 2022, marking a 21% growth on a year-on-year basis. It also grew by 5.55% compared to $1.26 billion earned in Q2 2022.
Workday’s revenue is bifurcated into the following regions:
This is the major market of Workday Inc. to generate revenue. No customer or country apart from the United States has displayed greater than 10% of its total revenue for Q1 and Q3 of the year 2020-21. There is an increase from $0.83 billion in Q3 2021 to $0.99 billion in Q3 2022, marking a growth of 19.2% on a year-on-year basis. The revenue also grew by 5.3% compared to $0.94 billion earned in Q2 2021.
The company has its offices set up worldwide that adds up to the total revenue of the company. There is an increase from $0.27 billion in Q3 2021 to $0.34 billion in Q3 2022 marking a growth of 26% on a year-on-year basis. The revenue also grew by 6.25% compared to $0.32 billion earned in Q2 2021.
Impact of COVID-19 pandemic
The company has closed the majority of its global offices in response to the COVID-19 pandemic on a temporary basis so most of its employees are working remotely, there are restrictions on travel, postponement, and cancelation of certain customers, industry, investors, and employee events. The precautionary measures taken by the company have increasingly negative effects on the sales and marketing efforts revenue growth rates and other financial metrics. This may also create operational or other challenges which could drastically impact the company’s business, operating results, and financial situation. The pandemic may also have long-term impacts on the nature of the office environment and working remotely which can present a risk for the company’s real estate portfolio, strategy, operational as well as workplace culture, and eventually the business.
About the Company
Workday Inc. is an American enterprise that provides cloud management software services and solutions for finance, planning, human resources, and spend management. The company was founded by Dave Duffield and Aneel Bhusri in March 2005 and is headquartered in Pleasanton, California, United States. The common stock of the company is traded in Nasdaq Global Select Market (“NASDAQ”) under the ticker symbol “WDAY”. It offers software service solutions to more than 8,000 organizations and helps them solve some of the most complex business tasks like supporting and empowering the workforce, management of finances and spending in a dynamic environment, and planning for uncertainties.
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