. This helps customers leverage the full power of machine learning to gain deeper insights into their workforce skills and deliver more personalized employee experiences. Although share-based compensation is an important aspect of the compensation of our employees and executives, management believes it is useful to exclude share-based compensation expenses to The company operates across all 50 states and in 3,000+ counties in the United States. The numerator used to compute non-GAAP diluted net income per share was increased by $1.3 million for after-tax interest. Workday Co-CEO to Keynote at the BofA Securities 2023 Global Technology Key new wins included a Fortune 200 provider of information technology solutions, Cincinnati Children's Hospital Medical Center, EZCorp and Thomas Jefferson University. Yes. Non-GAAPoperating income (loss) and non-GAAP operating margin differ from GAAP in that they exclude share-based compensation expenses, employer payrolltax-relateditems on employee stock transactions, and amortization expense for acquisition-related intangible assets. Management also believes that these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating Workday's operating results and prospects in the same manner as management and in comparing financial results across accounting periods and to those of peer companies. across the reporting periods. Our industry focus continues to pay off. But right now, we're having most of those discussions. (unaudited). There will also be a live webcast of the event, availablehere. Workday Enterprise Management Cloud | Finance, HR, Planning, Spend Try Okta Contact Sales +1 (800) 425-1267; Email; Chat; United Kingdom; France; Germany; Japan; Search. And so I think they tend to balance each other out. Please proceed with your question. I think well, you captured two of it, which is I described, Kirk, as -- we've got a diversity of revenue streams. 2023, Nasdaq, Inc. All Rights Reserved. Thanks. And so that's driving, I think, the TCO on that side of it. Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore comparability may be limited. Form 10-Q. Workday has provided a reconciliation of each non-GAAP financial measure used in this earnings release to the most directly comparable GAAP financial measure. From a margin standpoint, we currently expect FY 2024 non-GAAP operating margin expansion of 150 to 200 basis points from FY 2023 levels, placing us firmly on track to our target of 25% non-GAAP operating margin and 35% operating cash flow margin at $10 billion in revenue. There's good pipeline momentum, but maybe, Doug, you can add some color in terms of pipeline and deal dynamics overall? There is no question that the macro environment presents increased uncertainty. Workday is used by more than 10,000organizations around the world and across industries from medium-sized businesses to more than 50% of theFortune500. Read our earnings report guide before you consider the forecast information when making investment decisions. About Workday Workday is a leading provider of enterprise cloud applications for finance and human resources, helping customers adapt and thrive in a changing world.Workday applications for financial management, human resources, planning, spend . Zacks earnings numbers are reported on a BNRI (Before Non Recurring Items) basis and include stock option expenses where possible. We remain confident in our ability to capitalize on the opportunity ahead and are pleased to announce our first ever share repurchase program and up to $500 million under authorization. We've built A.I. Workday compensates for these limitations by reconciling the non-GAAP financial measures to the most comparable GAAP financial measures. Amortizationof ConvertibleSenior NotesDebt Discount and IssuanceCosts. For fiscal 2022, the non-GAAP tax rate was 19%. And in EMEA, we had a number of important wins and expansions, including SGS, Alliance Medical Group and Equiniti. Guidewire Software Announces Second Quarter Fiscal Year 2021 Financial Results. When I look at what's happening in Silicon Valley, we definitely have a bunch of tech companies, but we're not exposed to tech the way maybe a newer company might be where they got a huge amount of exposure to just tech companies. WDAY has a Momentum Style Score of A, and shares are up 18. . These are just a few several solutions that were recently released by our partner ecosystem, and we have those and more on the road map. The Gartner Peer Insights Customers' Choice Distinction Is Based on Feedback and Ratings From End-User Professionals Who Have Experience With the Product or Service PLEASANTON, Calif., May Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced the appointment of Zane Rowe to chief financial officer (CFO), effective Fiscal First Quarter Total Revenues of $1.68 Billion, Up 17.4% Year Over Year Subscription Revenues of $1.53 Billion, Up 20.1% Year Over Year 24-Month Subscription Revenue Backlog of $9.79 Join the Workday executive leadership team to hear key business developments and gain insight into how we're driving success. The webcast will be available live, and a replay will be available following completion of the live broadcast for approximately 90 days. Changes in operating assets and liabilities, net of business combinations: Net cash provided by (used in) operating activities, Capital expenditures, excluding owned real estate projects, Business combinations, net of cash acquired, Purchases of non-marketable equity and other investments, Sales and maturities of non-marketable equity and other investments, Net cash provided by (used in) investing activities, Proceeds from borrowings on Term Loan, net of debt discount and issuance costs, Proceeds from issuance of common stock from employee equity plans, net of taxes paid for shares withheld, Net cash provided by (used in) financing activities, Net increase (decrease) in cash, cash equivalents, and restricted cash, Cash, cash equivalents, and restricted cash at the beginning of period, Cash, cash equivalents, and restricted cash at the end of period, (in thousands, except percentages and per share data). LegalZoom believes everyone deserves access to expertise. Operating Cash Flows of $1.66 Billion, Up 0.4% Year Over Year. When typing in this field, a list of search results will appear and be automatically updated as you type. I mean there's lots of interesting partner commentary in the script. I spent a lot of time with other CEOs and this is not 2008, 2009. I would say financial services is strong, though. This will conclude Workday's third quarter fiscal year 2023 earnings call. Condensed Consolidated Balance Sheets Thank you very much and I'll add my congrats. This is Josh Baer on for Keith. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. These forward-looking statements are based only on currently available information and our current beliefs, expectations, and assumptions. Browse resources that answer our most frequently asked questions or get in touch. Thanks for taking my question. Q2. Entering text into the input field will update the search result below. Q4 2022 Earnings Release. WDAY | AlphaStreet items on employee stock transactions of $75.6 million. So I was wondering if you could just sort of expand on that? Examples of recent partner-driven innovation built on the Workday platform include Accenture's digital revenue operations solution, which integrates CPQ capabilities with Workday's billing and revenue automation, to enable seamless quote-to-cash functionality for software and technology companies. You can find additional disclosures regarding these non-GAAP measures, including reconciliations with comparable GAAP results in our earnings press release, in our investor presentation and on the Investor Relations page of our website. You would say, where you draw the line when something is kind of would define or I would define the last mile in a particular industry or we need some more content-driven specific understanding of that value-add in that industry with a partner, there's where we see an opportunity to collaborate with our partners. I would say, first, when it comes to HCM or FINS, we don't see any significant difference between one or the other. As we move into our fourth quarter, the environment remains uncertain, which has led to increased scrutiny and the lengthening of certain sales cycles, particularly with the net new opportunities. Thank you so much and fabulous, fabulous quarter given the macroeconomic conditions. Non-GAAPnet income (loss) per share differs from GAAP in that it excludes share-based compensation expenses, employer payrolltax-relateditems on employee stock transactions, amortization expense for acquisition-related intangible assets,non-cashinterest expense related to our convertible senior notes, and income tax effects. Non-GAAPnet income (loss) per share differs from GAAP in that it excludes share-based compensation expenses, employer payrolltax-relateditems on employee stock transactions, amortization expense for acquisition-related intangible assets, and income tax effects. Is it possible that it's coming together in a way that really elevates the Workday value prop with integrated planning, cloud-based, maybe more so than in the smooth sailing environment that we had in the last decade, because as Kash mentioned, you're navigating your way through this very well. With that, I'll hand the call over to Aneel. Our next question is from Keith Weiss with Morgan Stanley. Guidewire Software Announces Third Quarter Fiscal Year 2021 Financial Results. Copy and paste multiple symbols separated by spaces. Workday is a leading provider of enterprise cloud applications for finance and human resources, helping customers adapt and thrive in a changing world. This outlook takes into account the lengthening of sales cycles that we're currently seeing impact our net new business. Year Ended January 31, 2023 Get the latest Workday financial information. Workday continues to see growing industry momentum within the. We are also raising our fiscal 2023 non-GAAP operating margin guidance to 18.5%. Right now, we're exactly on those discussions, right, where companies are going through their planning and budgeting cycles, and it is a question of prioritization of projects.
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