Slide 1: Investor Presentation Q1 FY24
Investor Presentation Q1 FY24
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation may contain forward-looking statements for which there are risks, uncertainties, and assumptions. Forward-looking statements may include any statements regarding strategies or plans for future operations; any statements concerning new features, enhancements or
Slide 3: Use of Non-GAAP Measures
Use of Non-GAAP Measures In addition to financial results presented in accordance with generally accepted accounting principles (GAAP), this presentation includes certain non-GAAP financial measures of performance. These non-GAAP financial measures are in addition to, and not a substitute for or sup
Slide 4: Workday at a Glance
Workday at a Glance
Slide 5: Workday Enterprise Management Cloud by the Numbers
Workday Enterprise Management Cloud by the Numbers For Finance, HR, Planning, Spend Management and Analytics 10,000+ Global Customers $125B+ Market Opportunity Operating across 175+ Countries $5.82B 22% YoY Growth Trailing Twelve Month Subscription Revenue1 Serving 50%+ of the Fortune 500 Including
Slide 6: Workday Enterprise Management Cloud
Workday Enterprise Management Cloud True Cloud Scale • Elasticity • Performance • Availability • Continuous Delivery of Innovation • Single Version
Slide 7: Workday Delivers AI and ML Differently
Workday Delivers AI and ML Differently Data Quality and Quantity Unified data-model; 60M+ global users1 Platform Approach Embedded, not bolted on Trustworthy Transparent and human-centric 1 As of 4.30.2023
Slide 8: Serving Organizations of all Sizes and Across Industries
Serving Organizations of all Sizes and Across Industries
Slide 9: Addressing a Large and Expanding $125B+ Opportunity
HCM $52B $125B+ Addressing a Large Human Capital Management/ Workforce Management Talent Management Workforce Planning and People Analytics Employee Experience and Expanding Payroll Opportunity FINS+ $73B <5% Financial Management Spend Management Financial Planning Platform Penetration Analytics Stu
Slide 10: Driving Profitable Growth at Scale
Driving Profitable Growth at Scale $6.56B FY24E 21% CAGR Annual 95%+ Gross Revenue Subscription 23.0% FY24E3 Revenue1 960 Retention4 $3.10B bps FY20 Non-GAAP Operating Margin 13.4% FY202 1 CAGR calculation is based on FY20 actual subscription revenue and the mid-point of our FY24 subscription revenu
Slide 11: While Growing Responsibly and Inclusively
While Growing Responsibly and Inclusively Our Employees Our Customers The World Around Us VIBE Building Inclusive Solutions Net-Zero Carbon Footprint Our commitment to value inclusion, Investing to help organizations gain Achieved net-zero emissions in fiscal belonging, and equity for all valuable i
Slide 12: Financial Highlights and Guidance
Financial Highlights and Guidance
Slide 13: Q1 FY24 Financial Highlights
Q1 FY24 Financial Highlights Q1 FY24 Results Increase (Decrease) YoY Total Revenue $1.68B 17% Subscription Revenue $1.53B 20% Total Subscription Revenue Backlog $16.65B 32% 24-month Subscription Revenue Backlog $9.79B 23% GAAP Operating Margin (1.2)% 390 bps Non-GAAP Operating Margin1 23.5% 340 bps
Slide 14: Q1 FY24 Customer Wins and Expansions
Q1 FY24 Customer Wins and Expansions
Slide 15: Q1 FY24 Business Highlights
Q1 FY24 Business Highlights • Workday announced the appointment of Zane Rowe to chief financial officer. • Workday Financial Management customer wins: Halifax Hospital Medical Center, Prometeia SpA, GreenYellow, Northeastern University, and Tokio Marine Management (Australasia) + others. • Workday H
Slide 16: Guidance Summary
Guidance Summary Q2 FY24 Quarterly Guidance Increase (Decrease) YoY Total Revenue $1.770B - $1.773B 15% Subscription Revenue $1.611B - $1.613B 18% 24-month Subscription Revenue Backlog n/a 20% Non-GAAP Operating Margin 22% 240 bps GAAP Operating Margin ~22 points lower than non-GAAP n/a Full Year FY
Slide 17: Appendix
Appendix
Slide 18: Reconciliation of GAAP to Non-GAAP Data
Reconciliation of GAAP to Non-GAAP Data Three Months Ended April 30, 2023 Share-Based (in thousands, except percentages and per Other Operating Income Tax and share data) GAAP Compensation Non-GAAP Expenses Expenses2 Dilution Effects3 Costs and expenses: Costs of subscription services $ 239,027 $ (2
Slide 19: Reconciliation of GAAP to Non-GAAP Data
Reconciliation of GAAP to Non-GAAP Data Three Months Ended April 30, 2022 (in thousands, except percentages and per Share-Based GAAP Compensation Other Operating Income Tax and Non-GAAP share data) Expenses Expenses2 Dilution Effects3 Costs and expenses: Costs of subscription services $ 232,922 $ (2
Slide 20: Reconciliation of GAAP to Non-GAAP Data
Reconciliation of GAAP to Non-GAAP Data Year Ended January 31, 2020 Amortization of Debt (in thousands, except percentages and per Share-Based Other Operating Income Tax and Dilution share data) GAAP Compensation Expenses Discount and Issuance Non-GAAP Expenses2 Effects4 Costs3 Costs and expenses: C
Slide 21: About Non-GAAP Financial Measures
About Non-GAAP Financial Measures To provide investors and others with additional information regarding Workday’s results, we have disclosed the following non-GAAP financial measures: non-GAAP operating income (loss), non-GAAP operating margin, and non-GAAP net income (loss) per share. Workday has p
Slide 22: About Non-GAAP Financial Measures (cont'd)
About Non-GAAP Financial Measures (cont’d) • Other operating expenses. Other operating expenses includes employer payroll tax-related items on employee stock transactions and amortization of acquisition-related intangible assets. The amount of employer payroll tax-related items on employee stock tra
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