Workday Inc (NASDAQ:WDAY) Q1 2021 Earnings Conference Call - Final Transcript

May 28, 2020 • 04:30 pm ET

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Workday Inc (NASDAQ:WDAY) Q1 2021 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Welcome to Workday's First Quarter Fiscal Year 2021 Earnings Call. [Operator Instructions]

And with that, I will now hand it over to Justin Furby, Senior Director of Investor Relations.

Executive
Justin Furby

Welcome to Workday's First Quarter Fiscal 2021 Earnings Conference Call. On the call we have Aneel Bhusri, our CEO; Robynne Sisco, our Co-President and CFO; Chano Fernandez, our Co-President; and Tom Bogan, our Vice Chairman. Following prepared remarks, we will take questions.

Our press release was issued after close of market and is posted on our website, where this call is being simultaneously webcast.

Some of our statements on this call, particularly our guidance are based on the information we have as of today and include forward-looking statements regarding our financial results, applications, customer demand, operations and other matters. These statements are subject to risks, uncertainties and assumptions, including those related to the impacts of the ongoing COVID-19 pandemic on our business and global economic conditions. Please refer to the press release and the risk factors and documents we filed with the Securities and Exchange Commission, including our most recent annual report on Form 10-K for additional information on risks, uncertainties and assumptions that may cause actual results to differ materially from those set forth in such statements.

In addition, during today's call we will discuss non-GAAP financial measures, which we believe are useful as supplemental measures of Workday's performance. These non-GAAP measures should be considered in addition to, and not as a substitute for, or in isolation from GAAP results. You can find additional disclosures regarding these non-GAAP measures, including reconciliations with comparable GAAP results in our earnings press release and on the Investor Relations page of our website.

The webcast replay of this call will be available for the next 90 days on our Company website under the Investor Relations link. Also, the customer's page of our website includes a list of selected customers and is updated monthly. Our second quarter quiet period begins on July 16, 2020. Unless otherwise stated, all financial comparisons in this call will be to our results for the comparable period of our fiscal 2020.

With that, let me hand it over to Aneel.

Executive
Aneel Bhusri

Thank you, Justin, and welcome to Workday's first quarter FY'21 earnings conference call. Before we get into our results, I want to express my sincere appreciation to our more than 12,000 employees who have responded in such a remarkable way to support one another and our customers during these uncertain times. This team continues to push forward across all areas of our business and I've never been more proud of them. As we continue to navigate this period, we've stayed very focused on our core values as our Northstar. That means our employees come first always and without exception. I also want to express my sincere thanks and gratitude to our customers, many of whom are on the frontline and putting yourself in harm's way everyday. Thank you from all of us at Workday.

Over the past few months, we have