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The ERP Minute Episode 165 - December 3rd, 2024

December 04, 2024 • ERP Advisors Group

Workday released its financial results for the fiscal 2025 third quarter ended October 31st, 2024. Oracle announced the expansion of Database@Azure into new regions across the world to meet growing global demand. Blackbaud kicked off GivingTuesday by ringing the closing bell at the Nasdaq stock exchange.

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Hi and welcome to episode 165 of The ERP Minute. I’m your host, Rebekah McCabe.

It was a major week for Workday which released its financial results for the fiscal 2025 third quarter ended October 31st, 2024. Total revenues were $2.16 billion, an increase of 15.8% from the third quarter of fiscal 2024. Subscription revenues were about $1.96 billion, an increase of 15.8% from the same period last year. Alongside Workday’s product announcements throughout the year, from its next generation of AI in Workday Illuminate to the acquisition of Evisort, these results demonstrate Workday’s continued momentum. We expect Workday to build upon its success to continue its expansion into the mid-market and deliver even more innovative solutions across its technology stack.

In other news, Oracle announced the expansion of Database@Azure into new regions across the world to meet growing global demand. Oracle Database@Azure is now generally available in South America for the first time with the Brazil South region and continues to expand in Europe with Italy North. Oracle Database@Azure is now generally available in nine regions across the world with an additional 24 more regions planned by the end of 2025. Oracle aims to make their solutions more widely available to improve efficiency on a global scale.

Finally, Blackbaud kicked off GivingTuesday by ringing the closing bell at the Nasdaq stock exchange. This global movement is focused on spreading generosity on the Tuesday following Black Friday and Cyber Monday. Blackbaud’s Chief Marketing Officer, Catherine LaCour, said, “GivingTuesday marks the start of the holiday giving season, which is an incredibly important time for our social impact customers around the world.” These movements are the feel-good stories we all look forward to during the holidays and we commend Blackbaud for using its platform to spread awareness.

Thanks for tuning into The ERP Minute. We are always looking for newsworthy material to share with our listeners, so send us breaking ERP news! Make sure you subscribe to our Apple Podcast, Spotify, and YouTube channels so you never miss an episode. We’ll see you next week.