Workday Announces Proposed Follow-on Offering

PLEASANTON, CA--(Marketwired - Jan 13, 2014) - Workday, Inc. (NYSE: WDAY), a leader in enterprise cloud applications for human resources and finance, today announced that it is commencing an underwritten registered public offering of 6,000,000 shares of its Class A common stock. Workday also intends to grant to the underwriters an option to purchase up to an additional 900,000 shares of its Class A common stock to cover over-allotments.

Workday expects to use the net proceeds from the offering for working capital and other general corporate purposes, including potential acquisitions of businesses, technologies, or other assets. Morgan Stanley & Co. LLC will be acting as lead book-running manager for the offering. Goldman, Sachs & Co. will be acting as joint book-running manager for the offering. Allen & Company LLC, J.P. Morgan Securities LLC, Barclays Capital Inc. and UBS Investment Bank will be acting as book-runners, and JMP Securities LLC will be acting as co-manager.

An effective registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission on January 13, 2014. The offering is being made only by means of an effective shelf registration statement, including a preliminary prospectus and final prospectus, copies of which may be obtained, when available, by contacting Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, telephone 1-866-718-1649, e-mail: prospectus@morganstanley.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.