Benchmarking WorkDay's S-1 - How 7 Key SaaS Metrics Stack Up
Tom Tunguz
OCTOBER 12, 2014
In 2009 and 2010, the company recognized more revenue from services than subscription. In dollars, WorkDay $30M on research & development on revenues of $25.2M With only 325 customers at IPO, WorkDay’s revenues are driven by a $500k+ Average Revenue per Customer, second only to Veeva.
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