Workday FY23 Q1 Earnings: The Pressure’s On as Organizations Push Out Deals

Insights for IT Negotiations

Workday recently reported their FY23 Q1 earnings, and while it reported a good quarter, Workday did experience some challenges and deals being pushed to the second half of FY23. Organizations are responding to the looming economic uncertainty and resulting turnover at the executive level by tapping the breaks on engagements. While Workday still saw a subscription revenue growth of 23%, it was clear during the earnings call that there is some pressure because of organizations’ postponing deals out to the latter half of the year. In this podcast, Workday Practice Leader Jeffrey Lazarto discusses how Workday will continue towards its goal of reaching $10B in revenue and more than 20% subscription revenue growth despite these added pressures as well as how customers can position themselves so they are negotiating in a buyers’ market. Host: Jeff Lazarto: https://bit.ly/37eCXdN Workday Commercial Advisory Services: https://bit.ly/3A6KOXt