Key Insights on Gross Profit: International Business Machines Corporation vs Workday, Inc.

IBM vs. Workday: A Decade of Gross Profit Trends

__timestampInternational Business Machines CorporationWorkday, Inc.
Wednesday, January 1, 201446407000000292128000
Thursday, January 1, 201540684000000523057000
Friday, January 1, 201638516000000787919000
Sunday, January 1, 2017369430000001085862000
Monday, January 1, 2018369360000001513637000
Tuesday, January 1, 2019315330000001987230000
Wednesday, January 1, 2020308650000002561948000
Friday, January 1, 2021314860000003119864000
Saturday, January 1, 2022326870000003710703000
Sunday, January 1, 2023343000000004500640000
Monday, January 1, 2024355510000005488000000
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Cracking the code

A Decade of Gross Profit: IBM vs. Workday

In the ever-evolving landscape of technology, the financial performance of industry giants like International Business Machines Corporation (IBM) and Workday, Inc. offers a fascinating glimpse into their strategic trajectories. Over the past decade, IBM's gross profit has seen a decline of approximately 24%, from a peak in 2014 to a low in 2021, reflecting the challenges faced by traditional tech behemoths in adapting to new market dynamics. In contrast, Workday, a cloud-based software provider, has experienced a remarkable growth trajectory, with its gross profit increasing nearly 19-fold from 2014 to 2024. This stark contrast highlights the shifting tides in the tech industry, where agile, cloud-native companies are rapidly gaining ground. As we look to the future, the data underscores the importance of innovation and adaptability in maintaining competitive advantage.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025