Workday Inc (NASDAQ:WDAY) Q2 2021 Earnings Conference Call - Final Transcript

Aug 27, 2020 • 04:30 pm ET


Workday Inc (NASDAQ:WDAY) Q2 2021 Earnings Conference Call - Final Transcript


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Welcome to Workday's Second 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.

Justin Furby

Welcome to Workday's second quarter of fiscal '21 earnings conference call. On the call we have Aneel Bhusri, our Co-CEO; Chano Fernandez, our Co-CEO; Robynne Sisco, our President and CFO; Tom Bogan, our Vice Chairman; and Pete Schlampp, our Executive Vice President of Product Development. 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.

Before we get started, we want to emphasize that 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 condition. Please refer to the press release and the risk factors and documents we file with the Securities and Exchange Commission, including our most recent quarterly report on Form 10-Q for additional information on risks, uncertainties and assumptions that may cause actual results to differ materially from those set forth in such statement.

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 the list of selected customers and is updated monthly. Our third quarter quiet period begins on October 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.

Aneel Bhusri

Thank you, Justin, and welcome to Workday's second quarter fiscal year '21 earnings conference call. I'm pleased to report that Workday delivered a strong second quarter with healthy demand across all product areas and geographies. Despite the challenging environment, our success as a company continues to be driven by the forward-thinking companies that expect more from their enterprise applications and choose Workday as their partner for finance and HR. I'm very proud of our workmates across the globe, who came together in such a remarkable way and mostly working from their home offices to drive these strong Q2 results.

We're obviously living in unique times, simultaneously navigating a healthcare crisis and economic crisis and the social crisis. This year will no doubt