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Artprice by Artmarket publishes its 2023 Contemporary Art Market Report, showing a +2200% growth since 2000 and confirming that Art is a safe haven in times of major crises
Focus on artists under 40
PARIS, Oct. 17, 2023 /PRNewswire/ — Artprice by Artmarket is releasing its 2023 Contemporary Art Market Report in time for London’s Frieze art fair and Paris+ by Art Basel in the French capital. Key points: the market has grown +2,200% since 2000, new records are constantly falling, and art remains a safe haven in times of crisis.
[https://imgpublic.artprice.com/img/wp/sites/11/2023/10/2023-contemporary-art-market-report-artprice-com-by-artmarket-nft-flow-josh-pierce-en.jpg]
In its 27th Annual Report, Artprice by Artmarket.com presents and examines a global Contemporary and Ultra-Contemporary art market that is more dynamic than ever before. Artprice’s Report on the 2023 Contemporary Art Market is available free of charge in both French and English on:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2023
According to thierry Ehrmann, Artprice founder and CEO of its parent company Artmarket, the Contemporary art market has changed beyond recognition in 20 years. With auction turnover increasing by 2,200%, many more contemporary artists participating (from 5,400 artists to nearly 38,000 today), and a growing volume of works exchanged (from 12,000 lots offered to 123,000), the change has been structural. But it has also been geographical with 64 countries participating in the market versus 39 two decades ago. The Contemporary art market has of course accelerated with the Internet and the fluidification of remote transactions, and it now represents the most dynamic and profitable segment of the entire Art Market in the 21st Century.
I. CONTEMPORARY ART (artists born after 1945): key figures 2022/23
- A global turnover of $2.3 billion over 12 months (July 2022 – June 2023)
- The 4th best performance in the history of the Contemporary art market
- The segment’s auction turnover has increased 22-fold since 2000/01 ($103 million)
- Contemporary Art represented 16% of the total Fine Art and NFT auction market ($14.1 billion)
- The segment saw yet another increase in transactions, to a new record of 123,450 lots sold over 12 months (+2%)
- The volume of transactions has multiplied by 10 since 2000/01 (when only 12,500 Contemporary lots were sold)
- Transactions above the million-dollar threshold fell by -22% (290 vs 372 in 2021/22)
- The segment’s unsold rate remained stable at 34% (vs. 33% the previous year)
- The top price paid for a Contemporary work was $67.1 million (Jean-Michel Basquiat)
- The average auction price for a Contemporary art lot reached $18,600
Soft Power of the Contemporary Art Market 2022/23
- The USA was the world leader in this segment with an auction turnover of $857 million over 12 months
- The American market nevertheless (it posted $1 billion in 21/22)
- China was in second place with $744 million despite a 5% contraction ($785 million in 21/22)
- The UK was third with $376 million
- France was fourth with $46 million
- Japan was fifth with $40 million
- Christie’s was the leading global auction operator in the segment with a turnover total of $650 million (hammering 31% of the segment’s global total)
- Sotheby’s was second with $595 million (28%) and Phillips was third with $260 million (12%)
- China Guardian was the leading Chinese auction house with a turnover total of $82 million (4%)
- Ketterer was the leading European auction house with a turnover total of $11 million (0.5%)
Structure of the Contemporary Art Market
- 11 Contemporary works exceeded $10 million (compared with 20 in 21/22)
- 290 results above $1 million threshold (vs. 372 in 21/22)
- 54% of Contemporary lots sold for less than $1,000 (i.e. 66,600 works)
- Paintings accounted for 74% of the global auction turnover from Contemporary art
- Sculptures accounted for 10% and drawings accounted for 9%
- Prints (4%) generated double the turnover hammered for photographs (2%)
- 30,532 Contemporary artists had at least one auction result in 22/23
- 10 artists accounted for 27% of the global auction turnover from Contemporary art
Top 10 Contemporary artists by auction turnover
(1 July 2022 – 30 June 2023) ©Artprice.com
|
Artist |
Nationality |
Turnover  |
Lots sold |
Best result |
|
|
1 |
Jean-Michel BASQUIAT (1960-1988) |
USA |
$235,524,904 |
235 |
$67,110,000 |
|
2 |
Yoshitomo NARA (b.1959) |
Japan |
$97,737,808 |
460 |
$12,809,701 |
|
3 |
BANKSY (b.1974) |
UK |
$48,873,898 |
1,654 |
$9,724,500 |
|
4 |
Cecily BROWN (b.1969) |
UK |
$47,713,568 |
34 |
$6,711,450 |
|
5 |
Jeff KOONS (b.1955) |
USA |
$36,136,551 |
331 |
$16,992,500 |
|
6 |
Keith HARING (1958-1990) |
USA |
$35,807,795 |
1,006 |
$5,820,000 |
|
7 |
Christopher WOOL (b.1955) |
USA |
$33,671,700 |
50 |
$10,070,000 |
|
8 |
Damien HIRST (b.1965) |
UK |
$32,722,142 |
989 |
$2,220,000 |
|
9 |
George CONDO (b.1957) |
USA |
$32,064,762 |
97 |
$4,669,026 |
|
10 |
Mark GROTJAHN (b.1968) |
USA |
$30,025,287 |
24 |
$9,809,000 |
II. ULTRA-CONTEMPORARY ART (artists under 40): Key figures for H1 2023
- The Ultra-contemporary segment generated $127 million in H1 2023
- Global turnover down 38% vs. H1 2022 ($206 million)
- The third-best semester in the Ultra-contemporary art segment since 2000
- In 23 years, the segment’s turnover has grown 8.5 times (from $14.9 million in H1 2000)
- Ultra-contemporary art represented 12% of the total Contemporary art auction market
- Ultra-contemporary art represented 2% of global Fine Art and NFT auction turnover
- A total of 4,520 Ultra-contemporary artworks sold during H1 2023
- The segment’s unsold rate was 34% (same as that for the Contemporary segment as a whole)
Structure of the Ultra-contemporary Art Market in H1 2023
- The average price of an Ultra-contemporary work reached $28,100
- Paintings represent 80% of the Ultra-contemporary segment’s auction turnover
- NFTs constituted the 2nd largest medium in this segment: $14 million (11%)
- Drawings accounted for 5.8% and sculptures for 1.5%
- The USA was the leading hub for the exchange of Ultra-contemporary artworks: $41 million (32%)
- Hong Kong hammered 31% of the segment’s auction turnover and mainland China hammered 7%
- With a total of $26 million, the UK generated 20% of global Ultra-contemporary art auction turnover
Diversity of the Ultra-contemporary art market in H1 2023
- 2,646 artists under 40 had at least one auction result in H1 2023
- 5 women were in the Top 10 Ultra-contemporary artists by turnover
- A new record was hammered for Matthew Wong (1984-2019) at $6.6 million
NFTs by Ultra-contemporary artists in H1 2023
- Ultra-contemporary NFTs generated a total of $14.2 million (vs. $5.3 million in H1 2022)
- NFTs represented 11% of the Ultra-contemporary art market
- The best selling NFT 2022/23 was Dimitry Cherniak’s (b. 1988): Ringers #879 (The Goose) (2021) which fetched $6.2 million at Sotheby’s in New York on 15 June 2023
Top 10 artists under 40 by auction turnover
(1 January 2023 – 30 June 2023) ©Artprice.com
|
Artist |
Auction turnover |
Lots sold |
Best result |
|
|
1 |
Matthew WONG (1984-2019) |
$14,116,706 |
7 |
$6,662,115 |
|
2 |
Dmitri CHERNIAK (b.1988) |
$7,110,450 |
7 |
$6,215,100 |
|
3 |
Lawyer HOLLOWELL (b.1983) |
$5,756,267 |
11 |
$2,292,383 |
|
4 |
Jádé FADOJUTIMI (b.1993) |
$4,288,516 |
15 |
$1,157,959 |
|
5 |
Avery SINGER (b.1987) |
$4,063,984 |
2 |
$4,063,451 |
|
6 |
Tyler HOBBS (b.1987) |
$3,962,699 |
11 |
$1,016,000 |
|
7 |
Ewa JUSZKIEWICZ (b.1984) |
$3,198,240 |
13 |
$762,371 |
|
8 |
LIANG Hao (b.1988) |
$3,140,164 |
1 |
$3,140,164 |
|
9 |
Lucy BULL (b.1990) |
$2,898,618 |
8 |
$1,206,207 |
|
10 |
Aboudia DIARRASSOUBA (b.1983) |
$2,880,822 |
43 |
$180,278 |
Art, a safe haven in major crises
In conclusion, in contrast to the rest of the economy which is impacted by the current geopolitical and financial context at the moment, the art market is pursuing its growth with robust health, with regular new auction records being hammered for works from all artistic periods and in a wide range of countries during recent sales sessions. Moreover, there have been no cancellations of classic and/or prestige cataloged sales for 2023 or 2024, these sales being very much the bellwethers of the entire art market.
Major auction houses and investors know very well that art is a safe haven and a good investment, as shown by the Artprice100© index, which has outperformed traditional stock market indices. The current period of uncertainty in the stock market is also bringing new funds and investments into the art market.
During past crises, Artprice has already observed that the art market was less impacted than financial markets and the economy. This was true during the Nasdaq crash in 2000, after the 9/11 attacks in 2001, the Afghan war in 2001, the Iraq war in 2003, the subprime and CDS crisis in 2007, the negative interest rates that started in 2011, and the Covid crisis in 2019. The current period of major geopolitical unrest and the fear of a recession have clearly not got the better of the Art Market.
Methodology
This Report takes into account all public auctions of Fine Art works, i.e. paintings, drawings, sculptures, photographs, prints, videos, installations, tapestries, and NFTs, excluding antiques, anonymous cultural goods and furniture. It covers the global auction results recorded by Artprice for artworks by artists born after 1945 (Contemporary Art) between 1 July 2022 and 30 June 2023. It focuses particular attention on the results for artworks by artists under the age of 40 (Ultra-contemporary artists) between 1 January 2023 and 30 June 2023. All prices indicated in this Report refer to public auction results including buyers’ fees. All uses of the “$” symbol refer to the US dollar.
The information and econometric studies produced by Artmarket.com are presented uniquely for the purpose of analyzing and understanding the statistical realities of the art market and should in no way be considered as advice or a suggestion or a solicitation to invest in the art market.
Copyright 1987-2023 thierry Ehrmann www.artprice.com – www.artmarket.com
- Don’t hesitate to contact our Econometrics Department for your requirements regarding statistics and personalized studies: [email protected]
- Try our services (free demo): https://www.artprice.com/demo
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About Artmarket:
Artmarket.com is listed on Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.
Discover Artmarket and its Artprice department on video: www.artprice.com/video
Artmarket and its Artprice department was founded in 1997 by its CEO, thierry Ehrmann. Artmarket and its Artprice department is controlled by Groupe Serveur, created in 1987.
See certified biography in Who’s who ©:
https://imgpublic.artprice.com/img/wp/sites/11/2023/04/2023_2_Biographie-thierry-Ehrmann_WhosWhoInFrance.pdf
Artmarket is a global player in the Art Market with, among other structures, its Artprice department, world leader in the accumulation, management and exploitation of historical and current art market information in databanks containing over 30 million indices and auction results, covering more than 817,000 artists.
Artprice by Artmarket, the world leader in information on the art market, has set itself the ambition through its Global Standardized Marketplace to be the world’s leading Fine Art NFT platform.
Artprice Images® allows unlimited access to the largest Art Market image bank in the world: no less than 180 million digital images of photographs or engraved reproductions of artworks from 1700 to the present day, commented by our art historians.
Artmarket with its Artprice department accumulates data on a permanent basis from 7200 Auction Houses and produces key Art Market information for the main press and media agencies (7,200 publications). Its 7.2 million (‘members log in’+social media) users have access to ads posted by other members, a network that today represents the leading Global Standardized Marketplace® to buy and sell artworks at a fixed or bid price (auctions regulated by paragraphs 2 and 3 of Article L 321.3 of France’s Commercial Code).
Artmarket, with its Artprice department, has twice been awarded the State label “Innovative Company” by the Public Investment Bank (BPI), which has supported the company in its project to consolidate its position as a global player in the art market.
Artprice by Artmarket publishes its 2023 Contemporary Art Market Report:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2023
Artprice by Artmarket’s Global Art Market Report, “The Art Market in 2022”, published in March 2023:
https://www.artprice.com/artprice-reports/the-art-market-in-2022
Artprice releases its 2022 Ultra-Contemporary Art Market Report:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2022
Index of press releases posted by Artmarket with its Artprice department:
https://serveur.serveur.com/artmarket/press-release/en/
Follow all the Art Market news in real time with Artmarket and its Artprice department on Facebook and Twitter:
www.facebook.com/artpricedotcom/ (over 6.4 million followers)
Discover the alchemy and universe of Artmarket and its artprice department https://www.artprice.com/video headquartered at the famous Organe Contemporary Art Museum “The Abode of Chaos” (dixit The New York Times): https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013
La Demeure du Chaos / Abode of Chaos
GESAMTKUNSTWERK & SINGULAR ACRHITECTURE
Confidential bilingual work now public:
https://ftp1.serveur.com/abodeofchaos_singular_architecture.pdf
- L’Obs – The Museum of the Future: https://youtu.be/29LXBPJrs-o
- www.facebook.com/la.demeure.du.chaos.theabodeofchaos999 (over 4 million followers)
- https://vimeo.com/124643720
Contact Artmarket.com and its Artprice department – Contact: Thierry Ehrmann, [email protected]
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YunoJuno Recognised as Best International Contractor Provider, Revolutionising Global Freelance Management
LONDON, Nov. 28, 2024 /PRNewswire/ — YunoJuno, the innovative platform transforming how businesses compliantly source, manage and pay a global contractor workforce, has been awarded the prestigious title of Best International Contractor Provider at the annual Contracting Awards in London, solidifying its position as a global leader in contractor workforce management solutions.
The award comes at a critical time when businesses are increasingly relying on flexible, global talent to drive innovation and maintain competitive advantage. YunoJuno’s comprehensive platform has distinguished itself by offering a seamless, end-to-end solution that simplifies the complex processes of finding, hiring, managing, and paying contractors across international borders.
“This recognition underscores our commitment to revolutionising how companies connect with contractor talent worldwide,” said Runar Reistrup, CEO of YunoJuno. “Our commitment to providing a seamless, compliant, global hiring experience that helps businesses deliver quality and agility beyond geographical boundaries has been key to this achievement.”
YunoJuno platform’s core solutions include:
– All-in-one Freelancer Management System (FMS) to source, onboard, manage and pay a global workforce
– Unrivalled Global Talent Marketplace: Access to on-demand skills from a diverse pool of pre-vetted, high-quality freelance professionals
– Integrated Global Payment Solutions: Simplified international payments with support for multiple currencies
– Built-in Global Compliance and Risk Management: Robust systems ensuring legal and financial compliance across different international jurisdictions
Driven by the mission to unlock the true potential of flexible talent, YunoJuno has emerged as a pivotal player in the contractor management ecosystem, aligning HR, Talent, Procurement and Finance teams. The platform serves a wide range of industries, from technology and creative sectors to consulting and digital marketing, enabling companies of all sizes to build flexible, future-fit, high-performance teams.
“Winning this award is not just a milestone for YunoJuno, but a testament to the evolving nature of the future of work,” added Joao Martires, Chief Operating Officer at YunoJuno leading global expansion. “We’re witnessing a global shift towards more flexible, skills-focused, project-based employment and our platform is at the forefront of this transformation.”
The award highlights YunoJuno’s significant achievements in addressing the growing challenges of international freelance workforce management. With businesses increasingly adopting remote and hybrid work models, platforms like YunoJuno are becoming essential tools for organisations looking to boost their competitive advantage and respond with agility to changing economic conditions.
The platform’s success is backed by its ability to solve critical pain points for both businesses and freelancers. Companies gain access to global talent without the administrative complexities and risk, while freelancers benefit from a transparent, fair, and efficient marketplace.
Looking forward, YunoJuno plans to continue investing in human-led technological innovations, expanding its global talent network, and enhancing its platform’s capabilities to meet the evolving needs of the modern workforce.
For media inquiries or further information about YunoJuno’s award,
please contact:
Katey-Rose Gregory
Content Marketing Lead at YunoJuno
[email protected]
About YunoJuno:
YunoJuno is the all-in-one solution to find, hire, manage and pay contractors and freelancers globally. Built as a Freelancer Management System with direct sourcing included and plug-in options, YunoJuno takes the work and risk out of working with contractors.
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LONDON, Nov. 28, 2024 /PRNewswire/ — Mergermarket, an ION Analytics service, hosted the 2024 European M&A Awards on 27 November in London, celebrating excellence in the mergers and acquisitions landscape. This year’s event featured 147 firms shortlisted across 49 categories, showcasing the region’s exceptional talent.
The awards recognize standout advisory achievements on complex deals — with entries evaluated using Mergermarket’s industry-leading data to highlight excellence across the investment arena. With only one winner per category and categories spanning multiple deal sizes — from small-cap to large-cap private equity — these awards set industry benchmarks that inspire confidence in the sector.
The event was attended by 250 senior leaders representing firms across finance, law, and advisory services. This year’s awards highlight Europe’s resilient M&A market and celebrate landmark transactions, providing insight into how leading firms are adapting to economic challenges.
John West, Head of Europe, Mergermarket, said, “The awards showcase the true grit of the European M&A community in driving growth amid the shifting sands of the financing and regulatory environment. European M&A year-to-date stands at EUR 665 billion, up 21% since 2023. Key drivers have been the UK, where total deal values are up 72%, and private equity buyouts and exits rose 30%. With big money on the table for landmark deals such as FiberCop, Adevinta, Darktrace, Royal Mail owner IDS, and many more, it’s clear the European M&A investment banking, advisory, legal, and private equity industries have been on the front foot to deliver for clients and investors.”
The winners are:
|
Legal adviser: Financial adviser: |
||||
|
European M&A |
Freshfields |
European M&A |
Goldman Sachs |
|
|
European Mid-Market M&A |
Latham & Watkins |
European Mid-Market M&A |
Rothschild & Co |
|
|
European Private Equity |
Kirkland & Ellis |
European Private Equity |
Goldman Sachs |
|
|
Austria |
Schoenherr |
Austria |
Deloitte |
|
|
Baltics |
Ellex |
Baltics |
Superia |
|
|
Benelux |
Linklaters |
Benelux |
Morgan Stanley |
|
|
CEE |
CMS |
CEE |
Goldman Sachs |
|
|
Denmark |
Gorrissen Federspiel |
Denmark |
Citi |
|
|
Finland |
Krogerus |
Finland |
Carnegie |
|
|
France |
Weil, Gotshal & Manges |
France |
BNP Paribas |
|
|
Germany |
CMS |
Germany |
Morgan Stanley |
|
|
Ireland |
Arthur Cox |
Ireland |
Rothschild & Co |
|
|
Israel |
Goldfarb Gross Seligman |
Israel |
Bank of America |
|
|
Italy |
Gianni & Origoni |
Italy |
Mediobanca |
|
|
MENA |
Freshfields |
MENA |
Rothschild & Co |
|
|
Norway |
Wiersholm |
Norway |
ABG Sundal Collier |
|
|
Iberia |
Garrigues |
Iberia |
Deloitte |
|
|
Sweden |
Vinge |
Sweden |
Carnegie |
|
|
Switzerland |
Baer & Karrer |
Switzerland |
UBS |
|
|
Turkey |
Ozmen Yalcin |
Turkey |
UNLU & Co |
|
|
United Kingdom |
Latham & Watkins |
United Kingdom |
JP Morgan |
|
|
Accountancy |
|
|
Due Diligence Firm |
EY |
|
Tax Advisory Firm |
EY |
|
Private Equity |
|
|
European Large-Cap (entry value range $500 million+) |
Permira |
|
European Upper Mid-Market (entry value range $250-500 million) |
Ardian |
|
European Lower Mid-Market (entry value range $50-250 million) |
Eurazeo |
|
European Small-Cap (entry value range $0-50 million) |
BGF |
|
Deal of the year |
|
Adevinta (Blackstone and Permira) |
About ION
ION provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporate organizations. Our solutions and services simplify complex processes, boost efficiency, and enable better decision-making. We build long-term partnerships with our clients, helping transform their businesses for sustained success through continuous innovation. For more information, visit https://iongroup.com/
About ION Analytics
ION Analytics delivers personalized, targeted data and market intelligence to banks, investors, and corporates, helping clients find opportunities and drive better decisions in markets ranging from equities and fixed income to infrastructure and private equity. For more information, visit https://iongroup.com/analytics/
About Mergermarket
Mergermarket is the premier global proprietary M&A intelligence, data, and predictive analytics provider. With access to coverage of 1.4 million companies, almost 3,000 sponsors, and powered by 300 journalists and analysts globally, we bring transformative M&A insight and a competitive edge to capital markets professionals, shaping the future of M&A. For more information, visit https://info.mergermarket.com/
All product and company names herein may be trademarks of their registered owners.
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Fintech PR
International Schools Partnership Deploys Workday to Empower Educators and Drive Global Growth
Leading Global Schools Network Streamlines HR Processes Across 24 Countries (and Counting)
LONDON, Nov. 28, 2024 /PRNewswire/ — Workday Inc. (NASDAQ: WDAY), a leading provider of solutions to help organisations manage their people and money, today announced International Schools Partnership has gone live on Workday Human Capital Management (HCM) to empower its 12,000+ person workforce across 92 schools and 24 countries.
International Schools Partnership (ISP), a leading global network of schools committed to providing a transformative education, is prioritising its human resources strategy with a focus on attracting, developing, and retaining exceptional educators and staff. Recognising that dedicated and passionate teachers are the cornerstone of a high-quality education, ISP is investing in initiatives that support professional growth, foster a collaborative work environment, and champion the well-being of its team. Workday will help enable ISP to achieve a seamless employee experience and connected people function, in turn creating vibrant learning communities where students thrive and employees excel.
“At ISP, we know that investing in our people is investing in the future of education.” said Jo Pertwee, Group Head of People Operations, International Schools Partnership. “Workday will help us to both unify our HR processes and create a seamless and supportive employee experience, enabling our educators to focus on what they do best: inspiring students and fostering a love of learning. This is just the start of our journey with Workday and we’re excited at what the future holds.”
World Class Workforce: Empowered Teachers Inspire Students
Workday HCM will empower ISP with a unified view of its global workforce, enabling data-driven decision-making and streamlined HR processes for greater operational efficiency. By standardising core HR processes, Workday will help ISP focus on attracting, developing, and retaining top educators. Leveraging solutions such as Workday Talent Optimisation, ISP will provide growth and development opportunities, reduce attrition, and boost engagement, fostering a collaborative environment where teachers feel supported and empowered to make an impact.
Good to Grow: Expanding the ISP Global Footprint
Workday’s scalability will help enable ISP’s global expansion, helping ensure a consistent and user-friendly experience for all employees regardless of location. As the organisation adds new schools and employees, Workday will adapt to meet the unique needs of each region, including diverse compliance regulations and reporting requirements. This flexibility will empower ISP leaders to effectively manage its growing global workforce.
“Our solutions are purpose-built to help organisations like ISP navigate the complexities of managing a global workforce while maintaining a culture of learning and innovation,” said Daniel Pell, CEO, UKI, Workday. “Workday will provide ISP with the insights and agility they need to achieve their ambitious growth plans and continue delivering exceptional educational experiences.”
About Workday
Workday is a leading enterprise platform that helps organisations manage their most important assets – their people and money. The Workday platform is built with AI at the core to help customers elevate people, supercharge work, and move their business forever forward. Workday is used by more than 10,500 organisations around the world and across industries – from medium-sized businesses to more than 60% of the Fortune 500. For more information about Workday, visit workday.com.
© 2024 Workday, Inc. All rights reserved. Workday and the Workday logo are registered trademarks of Workday, Inc. All other brand and product names are trademarks or registered trademarks of their respective holders.
Forward-Looking Statements
This press release contains forward-looking statements including, among other things, statements regarding Workday’s plans, beliefs, and expectations. These forward-looking statements are based only on currently available information and our current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of our control. If the risks materialise, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements, and therefore you should not rely on any forward-looking statements. Risks include, but are not limited to, risks described in our filings with the Securities and Exchange Commission (“SEC”), including our most recent report on Form 10-Q or Form 10-K and other reports that we have filed and will file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release, except as required by law.
Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public statements that are not currently available are subject to change at Workday’s discretion and may not be delivered as planned or at all. Customers who purchase Workday services should make their purchase decisions based upon services, features, and functions that are currently available.
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