10 Reasons Why Workday Will Blow Past $10 Billion

Welcome to the Cloud Wars Minute — your daily news and commentary show, hosted by Cloud Wars Founder Bob Evans. Each episode provides insights and perspectives around the "reimagination machine" that is the Cloud.

In this Cloud Wars Minute, Bob Evans offers 10 reasons why Workday will surpass annual revenue of $10 billion.

00:48 — Based on Workday's most recent earnings call, Bob determined ten reasons that Workday will surpass its goal of $10 billion in annual revenue.

01:06 — One of the reasons, explains Bob, is that earlier this year, Aneel Bhusri named a new co-CEO, Carl Eschenbach. Bhusri noted that a co-CEO would allow him to focus on what he knows best: products and technology.

02:40 — Workday believes there will be a consolidation in the tech field as customers grow more conscious of their spending. Additionally, Bhusri raised a large point around AI and large language models (LLMs), which the company has been involved with for over a decade.

03:27 — Workday is deeply invested in employee engagement, too, which has become a top priority for customers and CEOs. Other contributing factors are Workday's predictive planning capabilities and its Extend platform.

04:10 — Furthermore, Workday extended its relationship with AWS, which Bob believes is a factor in achieving its $10 billion goal. Workday's total backlog was up 32% as well, in addition to raising the low end of its guidance for fiscal year 2024.

04:47 — Things are looking up for Workday, says Bob. "The key to all this is the fantastic chemistry and interplay from their co-CEOs."

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