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The companies that are going to 'win' when there is a slowdown in software spending are the companies with strong NRR. Looks like WDAY is absolutely in a position to do that. Fantastic article.
Thanks Austin!
the attach rates for 2023, are they your estimates? otherwise, what's the source? thanks
Those are meant to represent at Workday FY 2023 attach rates, which ends on 1/31/2023. They disclose the attach rates as of July every analyst day: https://www.workday.com/content/dam/web/en-us/documents/other/workday-2022-financial-analyst-dayv2.pdf
The companies that are going to 'win' when there is a slowdown in software spending are the companies with strong NRR. Looks like WDAY is absolutely in a position to do that. Fantastic article.
Thanks Austin!
the attach rates for 2023, are they your estimates? otherwise, what's the source? thanks
Those are meant to represent at Workday FY 2023 attach rates, which ends on 1/31/2023. They disclose the attach rates as of July every analyst day: https://www.workday.com/content/dam/web/en-us/documents/other/workday-2022-financial-analyst-dayv2.pdf