#1workday. Investor Presentation Q2 FY24#2Safe 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 upgrades to our existing applications or plans for future applications; any projections of revenues, gross margins, earnings, or other financial items; and any statements of expectation or belief. Forward-looking statements are based only on currently available information and our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements, and therefore you should not rely on any forward-looking statements that we may make. Further information on risks that could affect Workday's results is included in our filings with the Securities and Exchange Commission which are available on the Workday investor relations webpage: www.workday.com/company/investor relations.php Workday assumes no obligation for, and does not intend to update, any forward-looking statements. Any unreleased services, features, functionality or enhancements referenced in any Workday document, roadmap, blog, our website, press release or public statement that are not currently available are subject to change at Workday's discretion and may not be delivered as planned or at all. Customers who purchase Workday services should make their purchase decisions based upon services, features, and functions that are currently available.#3Use 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 superior to, measures of financial performance prepared in accordance with GAAP, and may be different from non-GAAP financial measures used by other companies. In addition, these non-GAAP financial measures have limitations in that they do not reflect all of the amounts associated with Workday's results of operations as determined in accordance with GAAP. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are contained in the Appendix to this presentation. The Company has not provided a reconciliation of its forward outlook for non-GAAP operating margin with its forward-looking GAAP operating margin in reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. The Company is unable, without unreasonable efforts, to quantify share-based compensation expense, which is excluded from our non-GAAP operating margin, as it requires additional inputs such as the number of shares granted and market prices that are not ascertainable.#4Workday at a Glance#5Workday by the Numbers $125B+ Market Opportunity $6.08B 21% YoY Growth Trailing Twelve Month Subscription Revenue¹ $10.27B 23% YoY Growth 24-Month Subscription Revenue Backlog² $1.81B 27% Margin Trailing Twelve Month Operating Cash Flow1 Enterprise Management Cloud For Finance, HR, Planning, Spend Management and Analytics 10,000+ Global Customers Operating across 175+ Countries Serving 50%+ of the Fortune 500 Including 70%+ of the top 50 Fortune 500 companies 65M+ Global Users³ 95%+ Customer Satisfaction4 17,800+ Employees Worldwide Offices in 30+ Countries 1 For the trailing twelve months ended 7.31.2023 2 As of 7.31.2023 3 Represents users under contract as of 7.31.2023 4 Based on a survey conducted by Workday of Named Support Contacts in May 2022#6Workday Enterprise Management Cloud Enterprise Planning Adaptive Planning Management Procurement Inventory Discovery Boards ⚫ OfficeConnect⚫ Analytic App Analytics & Reporting Human Capital Core HR • Ta Workforce Financial Management Core Accounting ⚫ Revenue Security Projects • Billing Intelligent Data Core Privacy FRAMEWORKS Analytics Artificial Intelligence Org Hierarchy Compliance Machine Learning W Process Business • True Cloud Scale Elasticity • Performance • Availability • Continuous Delivery of Innovation ⚫ Single Version •#7Workday Delivers Al and ML Differently AI.ML Intelligent Data Management 1 Represents users under contract as of 7.31.2023 Data Quality and Quantity Unified data-model; 65M+ global users¹; 600B annual transactions Platform Approach Embedded, not bolted on AI - ML Trustworthy Transparent and human-centric#8Chevron AON charles SCHWAB Chiquita CardinalHealth Serving Organizations of all Sizes and Across Industries ChristianaCare cíti COMCAST CUSHMAN & WAKEFIELD DELL Etsy FedEx. FICO flex. gsk GlaxoSmithKline ING LEVI STRAUSS & CO. GOOD YEAR MORE DRIVEN J.B. HUNT Hewlett Packard Enterprise (GE) hulu HyVee Kimberly-Clark KOHL'S LAND LAKES INC. Linked in ... MassMutual Morgan Stanley NCR NETFLIX NORDSTROM Office DEPOT. Panera BREAD patagonia QANTAS Roche salesforce sanofi SHAKE SHACK SIEMENS THE DEPOT HOME Unilever VISA#9$125B+ Addressing a Large and Expanding Opportunity <5% Penetration HCM $52B Human Capital Management/ Workforce Management Talent Management Payroll Workforce Planning and People Analytics Employee Experience FINS+ $73B Financial Planning Financial Management Platform Student Spend Management Analytics Workday estimates based on IDC data as of 9.13.2022#10Driving Profitable Growth at Scale Annual Subscription Revenue¹ Non-GAAP Operating $6.58B FY24E 21% CAGR 23.5% FY24E3 $3.10B FY20 1,010 bps 95%+ Gross Revenue Retention4 Margin 13.4% FY202 1 CAGR calculation is based on FY20 actual subscription revenue and the mid-point of our FY24 subscription revenue guidance as provided on 8.24.23 Reconciliations of GAAP to Non-GAAP financial data included in the Appendix 3 FY24 Non-GAAP operating margin guidance as provided on 8.24.23 4 Measures the annual recurring revenue of our customers as of 7.31.22 that we have maintained as of 7.31.23, without giving credit for additional upsells or price and/or seats related changes. The metric captures only customer and product churn Note: Lines not drawn to scale#11While Growing Responsibly and Inclusively VIBE Our Employees Our commitment to value inclusion, belonging, and equity for all Opportunity OnrampsⓇ Provide candidates from diverse, nontraditional backgrounds with training and job opportunities Investing in Training To help ensure we attract, recruit, hire, and advance employees of all backgrounds Our Customers Building Inclusive Solutions Investing to help organizations gain valuable insights about equity within their workforce Building Sustainable Solutions Helping customers improve sustainability and resilience of their supply chains Empowering our Ecosystem Workday's adaptable platform enables customers and partners to manage their emissions reduction strategy The World Around Us Net-Zero Carbon Footprint Achieved net-zero emissions in fiscal 2022 and match 100% of the electricity we use at our offices and data centers globally with clean, renewable sources Commitment to 1.5°C Science-based targets across our entire value chain Driving Policy Change Working to advance polices that support a skills-based approach to talent For More Information: Resource Pages: Sustainability and Reporting with Workday Download our 2023 Global Impact Report#12Financial Highlights and Guidance#13Total Revenue Subscription Revenue Q2 FY24 Financial Highlights Q2 FY24 Results $1.79B Increase (Decrease) YoY 16% $1.62B 19% Total Subscription Revenue Backlog $17.85B 32% 24-month Subscription Revenue Backlog $10.27B 23% GAAP Operating Margin 2.0% 420 bps Non-GAAP Operating Margin¹ 23.6% 400 bps Operating Cash Flows $425M 272% 1 Reconciliations of GAAP to Non-GAAP financial data included in the Appendix#14Q2 FY24 Customer Wins and Expansions ADVOCATE HEALTH DELL Assured Partners carillion iVyrehab NETWORK KinderCare LLOYDS BANKING GROUP M MEDIVET NORDIC Rakuten RHENUS LOGISTICS symrise UNIVERSITY of UF FLORIDA West Virginia University WOODS HOLE OCEANOGRAPHIC INSTITUTION#15• • Q2 FY24 Business Highlights Workday announced continued momentum for Workday Financial Management with new customers including KinderCare, Metropolitan Community College, Nordic Consulting Inc., Palomar Health, and The Medical College of Wisconsin. Workday also announced new Workday Human Capital Management (HCM) customers including Commercial Vehicle Group, Mercy Aged and Community Care, Software One AG, and Symrise AG. Workday saw continued momentum across its net new and existing customer base, surpassing 65 million users and more than 5,000 core Workday Financial Management and Workday HCM customers. Workday saw notable industry growth in Q2, with retail and hospitality joining financial services at $1 billion in annual recurring revenue. Workday demonstrated continued leadership in Al and ML, announcing the company's generative Al strategy, and its work with policymakers to help shape the European Parliament's amendments to the proposed Al Act. Workday named a Customers' Choice in the 2023 Gartner Peer Insights TM Voice of the Customer for Financial Planning Software report.¹ Workday Adaptive Planning was recognized by SIIA as Best Financial Management Solution. Workday HCM was also named a leader in The Forrester WaveTM: Human Capital Management Q2 2023. • Workday continued to add to its leadership bench with the appointment of Emma Chalwin to chief marketing officer. 1 Gartner, Voice of the Customer for Financial Planning Software, May 2023. Gartner and Peer Insights™ are trademarks of Gartner, Inc. and/or its affiliates. All rights reserved. Gartner Peer Insights Customers' Choice constitute the subjective opinions of individual end-user reviews, ratings, and data applied against a documented methodology; they neither represent the views of, nor constitute an endorsement by, Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.#16Guidance Summary Q3 FY24 Total Revenue Subscription Revenue 24-month Subscription Revenue Backlog Non-GAAP Operating Margin GAAP Operating Margin Full Year FY24 Total Revenue Subscription Revenue Non-GAAP Operating Margin GAAP Operating Margin Non-GAAP Tax Rate Operating Cash Flows Capital Expenditures¹ Quarterly Guidance $1.843B $1.845B $1.678B $1.680B n/a 23.5% ~20 points lower than non-GAAP Full Year Guidance $7.200B $7.240B $6.570B $6.590B 23.5% ~22 points lower than non-GAAP 19% $1.950B $300M Increase (Decrease) YoY 15% 17% 21% 380 bps n/a Increase (Decrease) YoY 16% 18% 400 bps n/a n/a 18% (18%) As provided on Q2 FY24 Earnings Call on 8.24.2023 1 Capital expenditures include owned real estate projects#17Appendix#18Reconciliation of GAAP to Non-GAAP Data Three Months Ended July 31, 2023 (in thousands, except percentages and per share data) Costs and expenses: GAAP Share-Based Compensation Expenses Other Operating Expenses² Income Tax and Non-GAAP Dilution Effects³ Costs of subscription services $ 255,684 $ (29,988) $ (14,688) $ Costs of professional services 192,416 (28,754) (1,425) Product development 609,677 (161,975) (4,543) Sales and marketing 524,186 (66,632) (11,035) General and administrative 168,546 (64,563) (1,572) | | | | | $ 211,008 162,237 443,159 446,519 102,411 Operating income (loss) 36,257 351,912 33,263 Operating margin 2.0 % 19.7 % 1.9 % 421,432 % 23.6 % Other income (expense), net 45,555 45,555 Income (loss) before provision for (benefit from) 81,812 351,912 33,263 466,987 income taxes Provision for (benefit from) income taxes 3,152 85,575 88,727 Net income (loss) Net income (loss) per share, basic¹ Net income (loss) per share, diluted1 1. 2. 67 6969 $ 78,660 $ $ $ 0.30 0.30 $ $ 1.33 351,912 $ 1.35 $ $ 0.13 33,263 $ $ (85,575) $ (0.33) $ 378,260 1.45 0.13 $ (0.33) $ 1.43 3. GAAP and non-GAAP net income per share are both calculated based upon 261,191 basic and 264,435 diluted weighted-average shares of common stock. Other operating expenses include amortization of acquisition-related intangible assets of $21.2 million and employer payroll tax-related items on employee stock transactions of $12.1 million. We utilize a fixed long-term projected tax rate in our computation of the non-GAAP income tax provision to provide better consistency across the reporting periods. For fiscal 2024, the non-GAAP tax rate is 19%.#19Reconciliation of GAAP to Non-GAAP Data Three Months Ended July 31, 2022 (in thousands, except percentages and per share data) Costs and expenses: GAAP Share-Based Compensation Expenses Other Operating Expenses² Income Tax and Non-GAAP Dilution Effects³ Costs of subscription services $ 244,982 $ (25,090) $ (14,596) $ Costs of professional services 178,103 (25,838) (775) Product development 547,835 (147,181) (2,236) Sales and marketing 458,701 (59,878) (9,388) General and administrative 140,255 (50,020) (628) | | | | | $ EA 205,296 151,490 398,418 Operating income (loss) (34,078) 308,007 27,623 389,435 89,607 301,552 Operating margin (2.2)% 20.1 % 1.7 % % 19.6 % Other income (expense), net (32,789) (32,789) Income (loss) before provision for (benefit from) income taxes (66,867) 308,007 27,623 268,763 Provision for (benefit from) income taxes (2,709) 53,773 51,064 Net income (loss) $ Net income (loss) per share, basic¹ $ Net income (loss) per share, diluted¹ $ 55959 (64,158) $ 308,007 (0.25) $ (0.25) $ 1.21 1.21 $ $ SSS $ 0.11 27,623 $ 0.11 $ $ (53,773) $ 217,699 (0.21) $ 0.86 (0.24) $ 0.83 1. 2. 3. GAAP net loss per share is calculated based upon 254,355 basic and diluted weighted-average shares of common stock. Non-GAAP net income per share is calculated based upon 254,355 basic and 262,931 diluted weighted-average shares of common stock. The numerator used to compute non-GAAP diluted net income per share was increased by $1.3 million for after-tax interest expense on our convertible senior notes in accordance with the if-converted method. Other operating expenses include amortization of acquisition-related intangible assets of $21.5 million and employer payroll tax-related items on employee stock transactions of $6.1 million. We utilize a fixed long-term projected tax rate in our computation of the non-GAAP income tax provision to provide better consistency across the reporting periods. For fiscal 2023, the non-GAAP tax rate was 19%. Included in the per share amount is a dilution impact of $0.03 from the conversion of GAAP diluted net loss per share to non-GAAP diluted net income per share.#20Reconciliation of GAAP to Non-GAAP Data Six Months Ended July 31, 2023 (in thousands, except percentages and per share data) GAAP Share-Based Compensation Expenses Other Operating Expenses² Income Tax and Dilution Effects³ Non-GAAP Costs and expenses: Costs of subscription services Costs of professional services Product development Sales and marketing General and administrative $ 494,711 $ 370,833 (59,250) $ (30,360) $ 405,101 (58,794) (4,440) 307,599 1,210,134 (331,909) (15,800) 862,425 1,042,823 (146,755) (24,784) 871,284 336,120 (124,664) (4,163) 207,293 Operating income (loss) 16,457 721,372 79,547 817,376 Operating margin 0.5% 20.8 % 2.2 % % 23.5 % Other income (expense), net 72,264 72,264 Income (loss) before provision for (benefit from) 88,721 721,372 79,547 889,640 income taxes Provision for (benefit from) income taxes 9,925 159,106 169,031 Net income (loss) $ Net income (loss) per share, basic¹ Net income (loss) per share, diluted¹ 0.30 78,796 $ 0.30 $ $ 721,372 $ 2.77 $ 2.74 79,547 $ 0.31 $ 6969 (159,106) $ 720,609 (0.61) 2.77 $ 0.30 $ (0.60) $ 2.74 1. GAAP and non-GAAP net income per share are both calculated based upon 260,026 basic and 262,923 diluted weighted-average shares of common stock. 2. Other operating expenses include amortization of acquisition-related intangible assets of $42.4 million and employer payroll tax-related items on employee stock transactions of $37.1 million. 3. We utilize a fixed long-term projected tax rate in our computation of the non-GAAP income tax provision to provide better consistency across the reporting periods. For fiscal 2024, the non-GAAP tax rate was 19%.#21Reconciliation of GAAP to Non-GAAP Data Six Months Ended July 31, 2022 (in thousands, except percentages and per share data) GAAP Costs and expenses: Share-Based Compensation Expenses Other Operating Expenses² Income Tax and Non-GAAP Dilution Effects³ Costs of subscription services $ Costs of professional services 477,904 $ 348,002 (51,320) $ (53,422) (30,922) $ (4,674) Product development 1,089,344 (300,485) (15,247) Sales and marketing 888,002 (119,047) (23,434) General and administrative Operating income (loss) Operating margin Other income (expense), net 274,124 (95,239) (3,241) | | | | | $ 395,662 289,906 773,612 745,521 175,644 (106,921) 619,513 77,518 (3.6)% 20.9 % 2.6 % (52,952) Income (loss) before provision for (benefit from) income taxes (159,873) 619,513 77,518 Provision for (benefit from) income taxes Net income (loss) Net income (loss) per share, basic¹ 6969 $ 6,458 (166,331) $ 619,513 Net income (loss) per share, diluted¹ $ $ (0.66) $ (0.66) $ 2.45 2.45 69 67 6 590,110 % 19.9 % (52,952) 537,158 95,601 102,059 $ $ $ 0.31 77,518 $ 0.31 $ $ (0.38) (95,601) $ $ 435,099 1.72 (0.44) $ 1.66 1. 2. 3. GAAP net loss per share is calculated based upon 253,071 basic and diluted weighted-average shares of common stock. Non-GAAP net income per share is calculated based upon 253,071 basic and 263,224 diluted weighted-average shares of common stock. The numerator used to compute non-GAAP diluted net income per share was increased by $2.6 million for after-tax interest expense on our convertible senior notes in accordance with the if-converted method. Other operating expenses include amortization of acquisition-related intangible assets of $43.1 million and employer payroll tax-related items on employee stock transactions of $34.4 million. We utilize a fixed long-term projected tax rate in our computation of the non-GAAP income tax provision to provide better consistency across the reporting periods. For fiscal 2023, the non-GAAP tax rate was 19%. Included in the per share amount is a dilution impact of $0.06 from the conversion of GAAP diluted net loss per share to non-GAAP diluted net income per share.#22Reconciliation of GAAP to Non-GAAP Data Year Ended January 31, 2020 Amortization of Debt (in thousands, except percentages and per share data) Share-Based GAAP Compensation Expenses Other Operating Expenses² Discount and Issuance Income Tax and Dilution Effects4 Non-GAAP Costs³ Costs and expenses: Costs of subscription services Costs of professional services Product development Sales and marketing General and administrative Operating income (loss) Operating margin 488,513 (49,919) $ (40,326) $ 576,745 (80,401) (6,440) 1,549,906 (434,188) (30,684) 1,146,548 (176,758) (40,774) 367,724 (118,614) (8,592) | | | | | 398,268 489,904 1,085,034 929,016 240,518 (502,230) 859,880 126,816 484,466 (13.8)% 23.7 % 3.5 % % % 13.4 % Other income (expense), net 19,783 54,034 73,817 Income (loss) before provision for (benefit from) income taxes (482,447) 859,880 126,816 54,034 558,283 Provision for (benefit from) income taxes (1,773) Net income (loss) $ (480,674) 67 $ 859,880 $ 126,816 $ Net income (loss) per share, basic¹ $ Net income (loss) per share, diluted¹ $ (2.12) $ (2.12) $ 3.78 $ 3.78 $ 0.56 0.56 $ $ 54,034 $ 0.24 $ 0.24 $ 96,681 (96,681) $ (0.42) $ (0.58) 94,908 EA 463,375 2.04 $ EA 1.88 1. 2. 3. 4. GAAP net loss per share is calculated based upon 227,185 basic and diluted weighted-average shares of common stock. Non-GAAP net income per share is calculated based upon 227,185 basic and 247,013 diluted weighted-average shares of common stock. Other operating expenses include amortization of acquisition-related intangible assets of $71.8 million and employer payroll tax-related items on employee stock transactions of $55.0 million. Prior to the adoption of Accounting Standard Update No. 2020-06, Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Entity's Own Equity (Subtopic 815-40), on February 1, 2021, we were required to separately account for liability (debt) and equity (conversion option) components of the convertible senior notes that were issued in private placements in June 2013 and September 2017. Accordingly, for GAAP purposes we were required to recognize the effective interest expense on our convertible senior notes and amortize the issuance costs over the term of the notes. The difference between the effective interest expense and the contractual interest expense, and the amortization expense of issuance costs were excluded from management's assessment of our operating performance because management believed that these non-cash expenses were not indicative of ongoing operating performance. Management believed that the exclusion of the non-cash interest expense provided investors an enhanced view of Workday's operational performance. We utilize a fixed long-term projected tax rate in our computation of the non-GAAP income tax provision to provide better consistency across the reporting periods. For fiscal 2020, the non-GAAP tax rate was 17%. Included in the per share amount is a dilution impact of $0.15 from the conversion of basic and diluted net loss per share to diluted net income per share.#23About 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 provided a reconciliation of each non-GAAP financial measure used in this earnings release to the most directly comparable GAAP financial measure. Non-GAAP operating income (loss) and non-GAAP operating margin differ from GAAP in that they exclude share-based compensation expenses, employer payroll tax-related items on employee stock transactions, and amortization expense for acquisition-related intangible assets. Non-GAAP net income (loss) per share differs from GAAP in that it excludes share-based compensation expenses, employer payroll tax-related items on employee stock transactions, amortization expense for acquisition-related intangible assets, and income tax effects. Workday's management uses these non-GAAP financial measures to understand and compare operating results across accounting periods, for internal budgeting and forecasting purposes, for short- and long-term operating plans, and to evaluate Workday's financial performance. Management believes these non-GAAP financial measures reflect Workday's ongoing business in a manner that allows for meaningful period-to-period comparisons and analysis of trends in Workday's business. 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. Management believes excluding the following items from the GAAP Condensed Consolidated Statements of Operations is useful to investors and others in assessing Workday's operating performance due to the following factors: Share-based compensation expenses. 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 better understand the long-term performance of our core business and to facilitate comparison of our results to those of peer companies. Share-based compensation expenses are determined using a number of factors, including our stock price, volatility, and forfeiture rates, that are beyond our control and generally unrelated to operational decisions and performance in any particular period. Further, share-based compensation expenses are not reflective of the value ultimately received by the grant recipients.#24About 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 transactions is dependent on our stock price and other factors that are beyond our control and do not correlate to the operation of the business. For business combinations, we generally allocate a portion of the purchase price to intangible assets. The amount of the allocation is based on estimates and assumptions made by management and is subject to amortization. The amount of purchase price allocated to intangible assets and the term of its related amortization can vary significantly and are unique to each acquisition and thus we do not believe it is reflective of ongoing operations. Although we exclude the amortization of acquisition-related intangible assets from these non-GAAP measures, management believes that it is important for investors to understand that such intangible assets were recorded as part of purchase accounting and contribute to revenue generation. Income tax effects. We utilize a fixed long-term projected tax rate in our computation of the non-GAAP income tax provision to provide better consistency across the reporting periods. In projecting this long-term non-GAAP tax rate, we utilize a three-year financial projection that excludes the direct impact of share-based compensation and related employer payroll taxes, amortization of acquisition-related intangible assets, and amortization of debt discount and issuance costs. The projected rate considers other factors such as our current operating structure, existing tax positions in various jurisdictions, and key legislation in major jurisdictions where we operate. For fiscal 2024 and 2023, we determined the projected non-GAAP tax rate to be 19%, which reflects currently available information, as well as other factors and assumptions. We will periodically re-evaluate this tax rate, as necessary, for significant events, based on our ongoing analysis of the 2017 U.S. Tax Cuts and Jobs Act, relevant tax law changes, material changes in the forecasted geographic earnings mix, and any significant acquisitions. The use of non-GAAP operating income (loss), non-GAAP operating margin, and non-GAAP net income (loss) per share measures have certain limitations as they do not reflect all items of expense that affect Workday's operations. Workday compensates for these limitations by reconciling the non-GAAP financial measures to the most comparable GAAP financial measures. These non-GAAP financial measures should be considered in addition to, not as a substitute for or in isolation from, measures prepared in accordance with GAAP. 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. Management encourages investors and others to review Workday's financial information in its entirety and not rely on a single financial measure.#25workday