Workday (WDAY) reported total operating revenue of $21.6 billion as of October 31, 2024, a 15.77% YoY increase from $18.66 billion in the same period of 2023. This growth reflects the company's enhanced competitiveness in the market and increased product demand.

## Key Financial Data

1. Operating Revenue Growth: Operating revenue in 2024 was $21.6 billion, an increase of $2.94 billion YoY, indicating strong revenue performance for the company.

2. Increased Demand: With the rise in cloud computing and human resources management solutions, Workday's products have been applied more widely.

3. New Product Launch: Workday launched its AI agent Illuminate, improving recruitment and financial management processes, attracting more customers.

4. Expanded Customer Base: The customer base has exceeded 10,000, covering 175 countries, including several Fortune 500 companies.

5. Economic Environment Impact: Despite the overall economic uncertainty, Workday has made positive progress in new customers and products.

# Industry Comparison

1. Industry Overview: The cloud computing and human resources management software industry is growing rapidly, with an estimated annual growth rate of 10%-15% in the next few years. This trend provides a good external environment for Workday's revenue growth.

2. Peer Comparison Analysis: Workday's operating revenue growth rate of 15.77% is higher than the industry average. This indicates its competitiveness and attractiveness in the market, especially in product innovation and customer service.

# Conclusion

Workday's financial performance in 2024 is strong, with revenue growth driven by increased demand, new product launches, and customer base expansion. Despite the economic uncertainty, the company has shown strong competitiveness.

# Opportunities

1. AI Product Promotion: Workday's new AI agent product will further optimize HR and financial processes for customers, potentially attracting more customers.

2. Customer Base Expansion: The increase in customer numbers and the expansion of coverage provide a foundation for future revenue growth.

3. Market Trends: The continued growth of the cloud computing and human resources management software industry offers more opportunities for Workday.

# Risks

1. Economic Environment Uncertainty: A downturn in the overall economy may lead to a tightening of corporate spending, affecting Workday's revenue growth.

2. Intensified Competition: Competitors such as SAP and Oracle are also increasing their market share, which may put pressure on Workday.

3. Dependency on Large Customers: Workday's reliance on large and medium-sized customers may make it more vulnerable in a downturn.