|Exchange:||New York Stock Exchange|
|Industry:||Software - Application|
|Workday, Inc. was incorporated in March 2005 as North Tahoe Power Tools, Inc., a Nevada corporation. In July 2005, it changed its name to Workday, Inc. and in June 2012 it reincorporated in Delaware. The Company is a provider of enterprise cloud-based applications for human capital management (HCM), payroll, financial management, time tracking, procurement and employee expense management. The Company’s applications are designed for global enterprises to manage complex and dynamic operating environments. The Company provides its customers highly adaptable, accessible and reliable applications to manage critical business functions that enable them to optimize their financial and human capital resources. The Company’s customers can operate with a more complete picture of their organization because its applications and embedded analytics capture the content and context of everyday business events, facilitating fast and informed decision-making from wherever they are working. The Company delivers its cloud-based applications using an innovative technology foundation that leverages the most recent advances in cloud computing and data management. The Company’s suite of cloud-based applications is designed for leading global enterprises seeking highly flexible software that allows them to embrace changes in their operating and regulatory environments. The Company’s rapid innovation cycle and regular deployment of the latest capabilities to its customers ensures that users are always able to use the latest version of its software, which it currently updates three times per year. The Company’s applications provide its customers with significant visibility into their operations and enable real-time operational and financial insights. The Company’s applications are designed to capture both the content and context of everyday business events without the technical complexity and rigidity associated with traditional relational databases. The Company’s cloud-based model can result in significantly lower total costs when compared to legacy ERM software. With all of its customers operating on the same version of its software, its applications eliminate customized code and allow it to make regular updates to its software with minimal disruption. The Company’s multi-tenant architecture enables multiple customers to share the same version of its applications while securely partitioning their respective application data. The Company’s applications use objects to represent real-world entities such as employees, benefits, budgets, charts of accounts, and organizations. The Company’s use of in-memory processing brings data physically closer to the central processing units and into main memory, eliminating the need to run a disk-seek operation each time a data look-up is performed. The Company has built a flexible and modern UI platform that allows it to quickly embrace new UI technologies without needing to rewrite the underlying application logic. The Company offers a broad set of tools for configuring, managing, monitoring, and optimizing the business processes that organizations rely on to manage their business. By offering an enterprise-class, embedded web services integration platform and toolset at no additional cost, it relieves customers of many of the burdens associated with legacy systems integration and greatly reduces the risk of implementation failures or delays. The Company endeavors to adhere to the highest security standards. The Company voluntarily obtains third party examinations relating to security and data privacy.|
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