Core Insights - TMA Systems has launched a Workday Design Approved Integration, connecting WebTMA with Workday Financial Management to enhance data-driven decision-making [1][6] - The integration provides a unified source of truth for labor, cost, and asset data, streamlining operations and eliminating manual entry [2][6] - TMA Systems aims to empower organizations by providing real-time insights into financial and operational performance, which is already benefiting higher education institutions [3][6] Company Overview - TMA Systems has over 30 years of experience in delivering maintenance management software, focusing on asset and facilities management [4] - The company has completed six acquisitions since 2021, including the recent acquisition of Virtual Facility, an AI-driven alarm intelligence company [7][8] - TMA Systems serves various sectors, including education, healthcare, government, and corporate, aiming to reduce downtime and control costs [4][7]

Core Insights - Advocate Health, the third-largest not-for-profit health care organization in the U.S., has successfully implemented Workday's AI-powered platform for Human Capital Management, Financial Management, and Supply Chain Management, marking a significant step in its digital transformation [1][2][3] Group 1: Digital Transformation and Operational Efficiency - The merger of Advocate Aurora Health and Atrium Health in 2022 led to the formation of Advocate Health, which aims to streamline operations for its 160,000 employees across over 60 hospitals and 1,000 care sites in six states [2] - Workday, in partnership with PwC, was chosen to provide a unified platform that connects HR, finance, and procurement data, enhancing operational efficiency [2][3] - The implementation of Workday's platform allows Advocate Health to centralize its HR, finance, and supply chain data, improving decision-making and care delivery [3][5] Group 2: Employee Experience and Patient Care - Workday HCM simplifies daily tasks for employees, enabling them to manage time-off requests, approve schedules, and check pay via mobile devices, thus allowing more focus on patient care [4] - Workday Financial Management offers a real-time view of financial data, facilitating faster book closing and smarter decision-making [5] - The integration of AI-powered automation in Workday SCM enhances inventory tracking and expense processing, ensuring that resources are efficiently allocated to caregivers and patients [5][6] Group 3: Strategic Partnerships and Future Outlook - Advocate Health views Workday as a trusted partner in navigating the changing healthcare landscape and enhancing operational capabilities [3][6] - The collaboration with PwC and Workday demonstrates how digital transformation can yield immediate value in healthcare, improving both employee experience and patient care quality [6]

Core Insights - Metro Bank has partnered with Infosys and Workday to modernize its finance operations by transitioning to a cloud-based platform using Workday's financial management tools [1][2][3] - The collaboration aims to unify core finance operations, automate processes, and improve business workflows, supporting the bank's long-term growth strategy [2][3][4] Group 1: Partnership and Technology - The partnership involves implementing Workday Financial Management, Workday Accounting Centre, Workday Spend Management, and Workday Prism Analytics [2] - Metro Bank's CFO highlighted that the collaboration will provide self-service tools for colleagues and simplify daily operations [2][3] Group 2: Expected Outcomes - The digital transformation is expected to centralize financial information, enhance decision-making agility, and accelerate financial closing and reporting [3][4] - The new system aims to strengthen governance and risk management through improved controls and audit trails [3] Group 3: Industry Trends - The banking and financial services sector is increasingly adopting cloud-first strategies to enhance flexibility and intelligence, with platforms like Workday being crucial for sustained growth and innovation [5]

Core Insights - Workday, Inc. has been recognized as a Leader in the 2025 Gartner Magic Quadrant for Cloud ERP Finance, achieving the highest position for Ability to Execute and furthest for Completeness of Vision [1][3][13] Company Overview - Workday is an enterprise AI platform designed for managing people, money, and agents, unifying HR and finance on a single intelligent platform [7][8] - The platform is utilized by over 11,000 organizations globally, including more than 65% of the Fortune 500 [8] Financial Transformation - Workday accelerates finance transformation for organizations, enabling them to protect and grow their value through intelligent data and insights [2][3] - The platform supports finance leaders in balancing core responsibilities while enhancing their influence across the enterprise [3] AI Integration - Workday's next-generation ERP is redefined for the AI era, simplifying complex accounting and finance processes to help CFOs make faster, more confident decisions [7] - The introduction of agentic AI solutions, such as Contract Intelligence Agent and Financial Audit Agent, aims to increase efficiency and mitigate risk [7] Customer Impact - Workday empowers organizations to make timely financial decisions, manage costs effectively, drive profitability, and support global growth goals [2][3]

Core Insights - Infosys has announced a strategic collaboration with Metro Bank and Workday to modernize Metro Bank's finance operations, transitioning from legacy systems to a unified, cloud-native platform [1][9] - The collaboration aims to streamline business processes, centralize financial data, and automate key functions, enhancing decision-making and supporting future growth for Metro Bank [2][3] Company Overview - Infosys is recognized as a global leader in next-generation digital services and consulting, with over 320,000 employees dedicated to amplifying human potential and facilitating digital transformation for clients in 59 countries [5] - Workday is an AI platform utilized by more than 11,000 organizations globally, including over 60% of the Fortune 500, focusing on managing people, money, and agents [4] Strategic Goals - The implementation of Workday solutions will accelerate financial closing and reporting, strengthen governance, and improve risk management through enhanced controls and audit trails [2] - Metro Bank's partnership with Infosys and Workday is part of a long-term growth strategy aimed at unifying core finance operations and simplifying daily operations for employees [3]

Core Insights - Workday, Inc. has been recognized as a Leader in the 2025 Gartner Magic Quadrant for Cloud ERP for Service-Centric Enterprises for the fourth consecutive year [1][6] - The company provides a unified platform that integrates financial and human resources management, leveraging AI to enhance operational efficiency and decision-making [2][10] Company Overview - Workday is an enterprise AI platform designed for managing people, money, and agents, serving over 11,000 organizations globally, including more than 65% of the Fortune 500 [10] - The platform processes over a trillion transactions annually, providing insights that help organizations optimize performance and uncover new revenue opportunities [2][10] Product Features - Workday's offerings include Financial Management, Human Capital Management (HCM), Adaptive Planning, and Spend Management, which are tailored for service-centric organizations [2] - The platform features agentic AI solutions that enhance financial insights, streamline HR and finance functions, and support agile forecasting and decision-making [5] Customer Experience - Workday has received positive feedback from users, highlighting its ease of use, innovative design, and strong compliance support [5] - The company was the only vendor recognized with the Customers' Choice distinction in the 2025 Gartner Peer Insights report for Cloud ERP for Service-Centric Enterprises [6]

Core Insights - Workday has achieved significant growth in the higher education sector, with over 650 institutions across 19 countries adopting its AI-powered solutions to enhance student and employee success [1][2][4]. Group 1: Customer Adoption and Market Trends - The increase in new customers is driven by challenges in higher education, including declining enrollment, rising costs, and increased regulations, prompting institutions to adopt AI for improved outcomes and operational efficiency [2][3]. - Newly signed U.S. customers include notable institutions such as Loyola University Chicago and Swarthmore College, building on recent successes with other universities [3][4]. - Workday's global expansion includes new customers like Bow Valley College in Canada and the University of York in England, with successful implementations at various universities worldwide [4][10]. Group 2: Product Features and Innovations - Workday's research indicates that 90% of higher education leaders aim to enhance the student experience, with 92% seeking to streamline faculty and staff processes through a unified system [5][6]. - New AI agents, such as the Academic Requirements Agent, are designed to automate tasks like transcript processing, allowing staff to focus on strategic initiatives [7][9]. - Workday Student has gained traction, with over 140 customers representing more than 190 institutions, and has supported over 3 million student records since its launch in 2018 [10][11]. Group 3: Recognition and Future Outlook - Workday has been recognized as a leader in the 2025 Gartner Magic Quadrant for Higher Education Student Information System Software as a Service, reflecting its strong position in the market [12][13]. - The company continues to invest in the higher education sector, positioning itself as a critical partner for institutions navigating significant changes and external pressures [13].

Core Insights - Workday is acquiring AI company Sana for $1.1 billion to enhance its human resources platform with AI capabilities [1][2] - The acquisition aims to provide AI agents for automating repetitive tasks, creating presentations, and searching company data [2][3] - Sana's products, including Sana Learn and Sana Agents, have over 1 million users and will continue to be developed under Workday [3][4] Company Strategy - Workday's president highlighted that Sana's AI-native approach aligns with their vision to transform the future of work [2][3] - The acquisition is part of Workday's strategy to enhance user experience by delivering personalized and intelligent AI capabilities [3][4] - Recent collaborations, such as with Zuora, indicate Workday's focus on integrating advanced technologies to improve financial management and billing processes [4][5] Industry Trends - There is a growing belief among workers that generative AI can enhance productivity, with 82% of frequent users supporting this view [5] - Concerns about job displacement are rising, particularly among regular users of generative AI, with 50% fearing it could eliminate their jobs [6][7] - As familiarity with generative AI increases, workers are becoming more aware of its potential risks, impacting their perceptions of job security [6][7]

Core Insights - TeamBuilder has partnered with Workday to enhance staff scheduling solutions for ambulatory care, aiming to optimize labor costs and improve access to healthcare services [1][2] - The partnership combines Workday's enterprise capabilities with TeamBuilder's specialty-specific scheduling intelligence, leveraging data science to align staff schedules with patient demand [2][3] Company Overview - TeamBuilder is recognized as an innovator in healthcare workforce management, utilizing patented predictive technology to offer smart scheduling solutions [3] - The platform focuses on predictive scheduling, which is designed to optimize staffing, reduce costs, and enhance patient care within healthcare organizations [3] Partnership Benefits - The collaboration with Workday will extend its financial and workforce management capabilities into staff scheduling for ambulatory care, enabling health systems to optimize staffing for both clinical and non-clinical teams [4] - TeamBuilder's platform is expected to deliver labor cost savings of 8–14% and significant improvements in both provider and patient experiences [2][4] - The partnership aims to provide Workday customers with proven opportunities for cost reduction and access improvement, supported by data science and activity-based staffing methodologies [4]

Financial Data and Key Metrics Changes - Workday reported a 14% growth in subscription revenue, totaling $2,169 million for Q2 2026, with total revenue reaching $2,348 million, reflecting a 13% increase [28][29] - Non-GAAP operating margin stood at 29%, with non-GAAP operating income of $680 million [30][33] - Cash and marketable securities at the end of the quarter were $8,200 million, with operating cash flow of $616 million, an 8% growth [31][32] Business Line Data and Key Metrics Changes - Approximately 30% of net new deals were full suite offerings, with this number rising to over 50% in sectors like SLED and healthcare [10][12] - More than 70% of core customers are utilizing Workday Illuminate, with over 30% of customer-based deals including AI products [12][15] - The financial services sector saw significant expansions, including new relationships with Nationwide Insurance and others [12][13] Market Data and Key Metrics Changes - U.S. revenue increased by 13% to $1,760 million, while international revenue grew by 11% to $584 million [29] - The twelve-month subscription revenue backlog (CRPO) reached $7,910 million, up 16.4% year-over-year [29][30] - Strong performance was noted in EMEA, particularly in Germany and the UK, with notable wins in APAC, including a deal in Vietnam [24][122] Company Strategy and Development Direction - Workday is focusing on AI-driven solutions and expanding its platform capabilities, including the acquisition of Paradox to enhance its recruiting suite [16][78] - The company is investing in organic innovation and strategic acquisitions to strengthen its market position and deliver greater value to customers [16][21] - Workday Government was launched to cater specifically to the needs of the U.S. government, emphasizing a commitment to modernization and AI integration [14][70] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's momentum, driven by AI innovation and a unified platform, while acknowledging macroeconomic challenges in certain sectors [25][56] - The company anticipates continued growth in subscription revenue, increasing its FY 2026 guidance to $8,815 million, reflecting a 14% growth [32][34] - Management highlighted the importance of customer trust in navigating AI transitions, positioning Workday as a key partner in this area [100][49] Other Important Information - Workday's headcount as of July 31 was approximately 19,500, with ongoing efforts to attract top talent [31][21] - The company is expanding its partner ecosystem, with over 20% of net new ACV sourced from partners in the last quarter [22] - Workday is actively pursuing growth opportunities in India, with plans to establish a local data center and expand its team [24][122] Q&A Session Summary Question: Market concerns regarding SaaS and AI startups - Management believes concerns about AI disruption to SaaS models are overblown, emphasizing Workday's strong market position and customer base [45][49] Question: Crosscurrents affecting growth - Management noted strong performance in Europe despite macroeconomic challenges, while observing some headwinds in the SLED market [56][58] Question: Workday Government subsidiary - The subsidiary was established to demonstrate commitment to the government sector and to provide a secure cloud environment [70][71] Question: Acquisition of Paradox - The acquisition is seen as a strategic move to enhance Workday's recruiting capabilities, with expected synergies and growth opportunities [78][84] Question: AI product engagement and win rates - Engagement with AI products is strong, with significant growth in adoption rates among customers [88][90] Question: International market performance - Management expressed satisfaction with growth in international markets, particularly in Europe and Japan, and highlighted plans for expansion in India [122][121]