Workday Inc-A 2024年度报告

Letter from our Chief Executive Officer Dear Stockholders, Twenty years ago, Workday’s founders Dave Duffield and Aneel Bhusri set out to revolutionize enterprise software with cloud computing. Today, we stand atanother pivotal moment, driven by the transformative power of artificial intelligence. Companies everywhere are reimagining how work gets done, and theincreasing demand for AI is driving a new wave of growth for Workday. We are well-positioned to lead, building on our solid foundation of innovation andcustomer success. Fiscal year 2025 demonstrated our continued momentum, with 17% year-over-year subscription revenue growth. We achieved Fortune 500 status and werenamed to the S&P 500, alongside many of our valued customers, a testament to the trust our more than 11,000 customers have placed in us. In today’s dynamic landscape, organizations of all sizes across industries and geographies rely on Workday to manage their people, money, and agents — allon a unified, AI-powered platform. Advancing AI Leadership Just as we did with the transition to the cloud, we’re helping our customers harness AI to give their businesses an edge. We develop AI innovation thatdelivers real value to our customers, enabling productivity gains while keeping humans and trust at the center. Last year we unveiled Workday IlluminateTM, the next generation of AI, designed to drive employee productivity and transform business processes. Our AIis powered by the world’s largest and cleanest set of HR and financial data — with more than one trillion transactions on the Workday platform last yearalone. This foundation is enabling us to innovate quickly and introduce AI agents that can support everything from payroll and recruiting to financial auditing,to name a few! And with our recently announced Workday Agent System of Record, we’re committed to helping customers unlock the potential of agentic AI whilemaintaining centralized control, governance, and visibility. As the system of record for people and money, Workday is uniquely positioned to manage everypart of the workforce — employees, contingent workers, and agents — on our trusted platform. We believe that, if implemented responsibly, AI will create a step-function change in human productivity. While Workday is accelerating innovation, weremain firm in our commitment to ethical AI development, actively contributing to responsible AI policies in the U.S. and the European Union. Driving Strategic Growth We are executing on key growth initiatives to expand our market reach. Our industry-focused strategy continues to deliver results, with Professional andBusiness Services joining Financial Services and Retail and Hospitality in surpassing $1 billion in annual recurring revenue. We are also seeing strongmomentum in the Healthcare and State and Local Government industries. Global growth continues to be a massive opportunity for us, representing roughly half of our total addressable market. We are making investments instrategic regions. A few great examples are the strategic product investments we’ve made in APAC, and the expansion of our operations in Japan andEMEA. Over the past couple of years, our partner ecosystem has grown fivefold, playing a vital role in delivering successful deployments, driving innovation, andsupporting our pipeline. Our Built on Workday program, which enables partners to build and distribute applications on our platform, is a prime example ofthis powerful combination. Our People and Core Values Our Workmates around the world, guided by our core values, are the foundation of Workday’s success. We are honored to be recognized as one ofEthisphere’s World’s Most Ethical Companies®, JUST Capital’s America’s Most JUST Companies, and among Glassdoor’s Best Places to Work. Our special culture and growth opportunity makes Workday a magnet for exceptional talent. In the past twelve months alone, we welcomed both Rob Enslinas President, Chief Commercial Officer, and Gerrit Kazmaier as President, Product and Technology, further strengthening our leadership team. From a Board perspective, we have appointed Mark Hawkins as our new lead independent director. His extensive leadership experience and proven trackrecord of helping companies scale will be invaluable as we drive a new wave of growth. I want to thank George Still for his years of service as our leadindependent director. His dedication and guidance have been instrumental to Workday’s success and we are fortunate that George will remain on the Board. We’ve entered FY26 — our 20th year in business — with an amazing team and Board, renewed energy, and a clear view of how we can fulfill our founders’vision to revolutionize enterprise software — this time with AI. Thank you for your continued investment in Workday. I invite you to join our Annual Meeting of Stockholders on June 4, 2025. Sincerely, Carl M. EschenbachChief Executive Officer DateWednesday, June 4, 2025LocationOnline at www.virtualsha