secwatch.observer — SEC 8-K summary
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Issuer:     Workday, Inc. (WDAY)
CIK:        0001327811
Form:       8-K
Filed at:   2023-05-25T23:59:59+00:00
Accession:  0001327811-23-000077
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Workday Q1 revenue $1.68B (+17.4% YoY); raises FY2024 subscription guidance low-end
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- Subscription revenue $1.53B (+20.1% YoY); total revenue $1.68B (+17.4% YoY).
- GAAP operating loss narrowed to $19.8M from $72.8M; non-GAAP operating income $395.9M (23.5% margin).
- Non-GAAP diluted EPS $1.31 vs $0.83 YoY; GAAP EPS $0.00 (breakeven).
- Raised FY2024 subscription revenue guidance to $6.550-6.575B (18% growth); Q2 guide $1.611-1.613B.
- 24-month subscription backlog $9.79B (+22.9% YoY); total backlog $16.65B (+31.6%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327811/000132781123000077/0001327811-23-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327811/000132781123000077/wday-20230525.htm
  HTML page:      https://secwatch.observer/filing/0001327811-23-000077

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer