Financial Highlights and Guidance
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 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.View entire presentation