Analysts at Deutsche Bank provided their key takeaways from Workday, Inc. (NASDAQ:WDAY) Financial Analyst Day, coming away enthused by the company’s continued innovation and ability to capture a growing long-term opportunity, with a disclosed $125 billion TAM up 20% vs. last year’s Analyst Day alone.
According to the analysts, commentary around growth sectors like customer base, ME, and International was also encouraging, with the company reaffirming its financial targets set at last year’s Analyst Day including sustained 20% Subscription revenue growth through achieving $10 billion in revenue.
The analysts believe the company did a nice job of communicating its longer-term strategy underpinned by consistent innovation and affirming its commitment and discipline in delivering on financial targets.