Highlights
- Backlog, formally subscription revenue backlog, is the contracted revenue the company expects to recognize in coming periods.
- Chief financial officer Zane Rowe described artificial intelligence as a strategic driver of customer expansion.
- The pattern is consistent: modest top-line growth in the low-teens, with the company repeatedly lifting margin guidance.
Workday
is trying to prove that its human resources and finance cloud can be the system of record for a world in which software agents do more of the work. At a time when many software companies are being asked whether agents will shrink the number of seats they license, Workday is arguing that the technology expands what customers license. Yet the same release contains numbers that explain why the debate is far from settled. Workday [
is part of the [Nasdaq-100].](https://kalkinemedia.com/us/companies/nasdaq-wday)
Why is total backlog growing so much more slowly than near-term backlog?
Backlog, formally subscription revenue backlog, is the contracted revenue the company expects to recognize in coming periods. It is among the metrics Workday watchers follow most closely. The gap has been visible for several quar...