Workday Inc Q1 2024 Earnings Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Kasthuri Gopalan Rangan - Goldman Sachs Group, Inc., Research Division - Analyst : Considering that it's a Q1 and macro headwinds are persistent, this is a significant outperformance of the backlog. So congratulations to team Workday. One quick one for Aneel. With generative AI, what is your view on how Workday can potentially get paid? Is it to a new SKU or improvement in ARPU? And if I can slip one for Carl, any update on the net new business back-to-the-base initiative and how that's powering through these results would be useful. Aneel Bhusri - Workday, Inc. - Co-Founder, Co-CEO & Chairman of the Board So I think that's the part about ChatGPT and then -- or generative AI, and then what was the follow-on to that?

Question: Karl Emil Keirstead - UBS Investment Bank, Research Division - Analyst : Maybe this is for Doug and/or Carl. But the HCM seed expansions can be harder to come by upon renewals in an environment where your customer base isn't hiring as aggressively. But it certainly doesn't appear from these numbers that, that was an issue for you guys at all. But I'd love to just comment on the seed expansion dynamic you're seeing upon renewals.

Question: David E. Hynes - Canaccord Genuity Corp., Research Division - Analyst : Congrats on the results. Maybe one on international. I don't think we've hit that yet. It sounds like you're happy with the leadership that's in place now. I think in the past, you've talked about some product gaps that need to be filled internationally. Maybe you could just talk a little bit about kind of where you are in that process and maybe in what markets you see the most opportunity to jump start international. Aneel Bhusri - Workday, Inc. - Co-Founder, Co-CEO & Chairman of the Board You want to go?