Workday Posts 74 Percent Revenue Spike

February 27, 2014 – Workday, Inc., a leader in SaaS-based enterprise solutions for global human resources, payroll and financial management, has posted revenues of $141.9 million, an increase of 74 percent from the fourth quarter of fiscal 2013. Non-GAAP operating loss for the quarter was $21.0 million, or negative 14.8 percent of revenues, compared to a non-GAAP operating loss of $25.2 million last year. For the full year, Workday recorded revenues of $468.9 million, a rise of 71 percent from the previous year. “Fiscal 2014 marked a significant year of growth with more than 200 new customers and 800 new employees joining Workday,” said Aneel Bhusri, chairman, co-founder, and co-CEO. “During the year, we also accelerated adoption of our financials product, increased market presence in the education and government industries, and expanded our applications with the delivery of Workday Big Data Analytics.”