WORKDAY INC shareholders Q2 2023

About WORKDAY INC

Workday Inc. is a cloud-based software company that provides human resources and financial management solutions to businesses. The company was founded in 2005 by Dave Duffield and Aneel Bhusri, who previously worked together at PeopleSoft. Workday's mission is to help organizations manage their most valuable assets - their employees - and to provide them with the tools they need to make informed decisions.

Workday's flagship product is its Human Capital Management (HCM) software, which helps businesses manage their workforce from recruitment to retirement. The software includes features such as payroll, benefits administration, time tracking, and performance management. Workday also offers Financial Management software, which helps businesses manage their finances, including accounting, procurement, and inventory management.

Workday has been growing rapidly in recent years, with revenue increasing from $468 million in 2014 to $3.6 billion in 2020. The company has over 3,000 customers, including some of the world's largest corporations such as Amazon, Walmart, and IBM.

One of the key factors driving Workday's success is its focus on innovation. The company invests heavily in research and development, with over 40% of its employees working in this area. Workday has also made several strategic acquisitions in recent years, including Adaptive Insights, a cloud-based financial planning and analysis software company.

Overall, Workday is a company that is well-positioned for continued growth in the years ahead. Its cloud-based software solutions are in high demand, and its focus on innovation and customer satisfaction should help it maintain its competitive edge in the market.

It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.