Workday, Inc. (NASDAQ:WDAY) Q3 2023 Earnings Call Transcript

Chano Gomez: Yes, I guess we’ve not said that the mid-market is not impacted. What we said is that, of course, we had overall more strength in the medium enterprise and in the customer base. If you look at what it tends to happen more scrutiny around either the business case or additional approvals. Clearly, those are on the larger deals and larger companies that we usually — we tend to see it more. Our value proposition is strong and resonates and quicker time to value fixed cost of implementations, very predictive ones across HCM and finance in the mid-market, brings good ROI, brings good total cost of ownership in terms of the financials and main transformation as a whole, and that is a value proposition that mid-market is taking the same on a faster clip as they are modernizing and they’re assisting on their platforms.

Operator: Ladies and gentlemen, thank you for your participation in today’s conference. This will conclude Workday’s third quarter fiscal year 2023 earnings call. Thank you again for joining us.