Core Insights - Workday, Inc. is expanding its operations by opening a new office in Reston, Virginia, which will create over 200 jobs in the Washington D.C., Maryland, and Virginia region [1][2][5] Company Expansion - The new office will serve as a regional hub for Workday's public sector operations, reflecting the company's commitment to supporting government organizations in modernizing HR and finance systems with AI-powered solutions [2][4] - The office is set to open in spring 2026, relocating from its current space in Tysons, Virginia [5] Government Sector Focus - Workday launched Workday Government, a subsidiary aimed at addressing the unique needs of U.S. government agencies, focusing on modernization while ensuring security and compliance [4] - The current administration's emphasis on digital transformation in the public sector aims to create a more efficient and responsive government [3] Strategic Importance - The expansion reinforces Workday's commitment to supporting government agencies in their transformation efforts, creating local job opportunities and strengthening regional ties [5]

Financial Performance - Trailing twelve month subscription revenues reached $8.227 billion, demonstrating a year-over-year growth of 14.7%[9] - Trailing twelve month non-GAAP operating income was $2.511 billion, resulting in a 28.0% margin[9] - Trailing twelve month operating cash flow amounted to $2.591 billion, achieving a 28.9% margin[9] - Q2 FY26 total revenues were $2.348 billion, a 12.6% increase year-over-year[22] - Q2 FY26 subscription revenues reached $2.169 billion, reflecting a 14.0% increase year-over-year[22] - The company anticipates full year FY26 subscription revenues of $8.815 billion, representing a 14% increase year-over-year[13, 29] Customer Base and Market Position - The company serves 65%+ of the Fortune 500, including 70%+ of the top 50 Fortune 500 companies[9] - The customer community represents more than 75 million users under contract[10, 27] - The estimated total addressable market (TAM) is $160 billion[9] Strategic Initiatives - The company entered into an agreement to acquire Paradox for approximately $1 billion in cash and acquired Flowise[27] - The company launched Workday Government, a new subsidiary dedicated to serving the U.S Government[27]