Workday, Inc.

- There is no mention of any current or future fundraising through debt or equity in the provided transcript. - The company repurchased $1.6 billion of its shares during the quarter and had $1.3 billion remaining authorization as of April 30, indicating share buybacks rather than equity issuance. - The company ended the quarter with $4.4 billion in cash and marketable securities, suggesting a strong cash position. - No guidance or statements indicate plans to raise capital via debt or equity fundraising in the near term. - Focus appears to be on operational execution, AI investment, and margin expansion without new fundraising mentioned.

- FY ’27 capital expenditures are expected to be approximately $270 million. - Strategic expansion into new markets such as Vietnam, supported by global and regional partners. - Launch of EU-based data residency in Frankfurt to meet European customers’ data sovereignty requirements. - Continued investment in AI, including a dedicated AI agent factory and accelerated development of AI APIs. - Ongoing investments in Workday GO to expand global availability and help customers implement solutions faster. - Focus on simplifying operations and investing in areas with the highest returns to drive long-term growth and margin expansion.

- Workday expects continued growth driven by AI adoption and agentic innovations, including organically built and acquired agents. - FY ’27 subscription revenue guidance is $9.925 billion to $9.950 billion, reflecting 12-13% growth. - Q2 FY ’27 subscription revenue is expected at approximately $2.455 billion, growing 13%. - cRPO (current subscription revenue backlog) is projected to increase 13.5%-14.5% in Q2. - Flex Credits and AI APIs consumption models are anticipated to be meaningful revenue growth drivers. - International markets, including expansion in Vietnam and EU data residency, are contributing to growth. - Broad-based customer expansion with strong retention (97%) and net expansion (~60% of subscription revenue growth). - Increasing adoption of AI-driven solutions like Sana and deployment agents will accelerate bookings, especially in the second half of FY ’27. - Non-GAAP operating margin guidance raised to 30.5% for FY ’27, supporting profitable growth.

- Workday reiterates FY ’27 subscription revenue outlook of $9.925 billion to $9.950 billion, expected growth of 12% to 13%. - Q2 FY ’27 subscription revenue forecasted at approximately $2.455 billion, a 13% growth. - cRPO expected to increase between 13.5% and 14.5% in Q2. - Professional services revenue for Q2 expected around $180 million. - Non-GAAP operating margin guidance for FY ’27 raised to 30.5%; Q2 non-GAAP operating margin expected around 30%. - GAAP operating margin anticipated to be approximately 18 to 19 points lower than non-GAAP margin for FY ’27. - Q1 non-GAAP operating income was $809 million with a 31.8% margin, highlighting strong profitability. - Operating cash flow grew 52% YoY in Q1; free cash flow increased 46%. - Growth driven by AI adoption, customer expansion, and streamlining operations aimed at higher returns.

- Total subscription revenue backlog at end of Q1: $27.29 billion, up 11% year-over-year. - 12-month subscription revenue backlog (cRPO) at end of Q1: $8.81 billion, growing 15.5%. - cRPO expected to increase between 13.5% and 14.5% in Q2 FY ’27. - Q2 FY ’27 subscription revenue expected to be approximately $2.455 billion, growth of 13%. - Strong gross revenue retention at 97% in Q1. - Net customer expansion contributing roughly 60% of subscription revenue growth in Q1. - AI solutions and new customers are key drivers of backlog growth. - Flex Credits model and AI innovations expected to drive future bookings ramp, with larger booking impact anticipated in the second half of FY ’27 and FY ’28.