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 suggests four reasons why Workday is staying hot.
00:14 — Workday had an impressive fiscal Q3, which ended on October 31. In Q3 of 2021, Workday’s subscription revenue growth was 21%. This year, the company saw a subscription revenue growth of 22.3%.
00:54 — On the company’s earnings call, CEO Aneel Bhusri and Co-CEO Chano Fernandez discussed how Workday customers are consolidating the various Workday technologies they utilize — ultimately eliminating other vendors.
02:09 — Bob says that Workday was able to keep this momentum going for the following reasons:
- The recent emphasis Workday puts on industry-specific solutions is winning over more customers
- The importance Workday has placed on partner ecosystems and co-creation
- Workday’s 750 new products and the possible developments of Workday Extend
- Its heavy use of technology, advanced data analytics, and artificial intelligence (AI)
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