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Workday, Inc. is a leading provider of enterprise cloud applications for financial management, spend management, human capital management, planning, and analytics. The company offers a unified platform that helps organizations plan, execute, and analyze their operations while adapting to changing business needs. Workday serves a diverse range of medium-sized and large global organizations across industries such as professional services, healthcare, education, government, and retail.
- Subscription Services - Provides cloud-based software solutions for financial management, human capital management, and analytics, enabling organizations to streamline operations and improve decision-making.
- Professional Services - Offers deployment and integration services to ensure successful implementation and adoption of Workday's applications by customers.
| Name | Position | External Roles | Short Bio | Start Date |
|---|---|---|---|---|
Carl M. Eschenbach ExecutiveBoard | Chief Executive Officer | Director at Palo Alto Networks; Venture Partner at Sequoia Capital Operations | CEO since February 2024; previously Co-CEO (Dec 2022–Feb 2024); extensive operational and sales leadership experience in the tech industry. | February 2024 |
Carin Taylor Executive | Chief Diversity Officer | None | Chief Diversity Officer since December 2017; leads diversity, inclusion, and belonging initiatives. | December 2017 |
David Somers Executive | Chief Product Officer | None | Joined Workday in 2018; previously led product for the Office of the CHRO; drives AI-powered product innovation. | February 2024 |
Emma Chalwin Executive | Chief Marketing Officer | None | CMO since July 2023; previously held marketing leadership roles at Salesforce, Adobe, and McAfee. | July 2023 |
Patrick Blair Executive | President, Global Sales | None | President, Global Sales; no additional details provided in documents. | N/A |
Rani Johnson Executive | Chief Information Officer | None | CIO since March 2023; previously CIO at Cloud Software Group, TIBCO, and SolarWinds. | March 2023 |
Sayan Chakraborty Executive | President, Product and Technology | Member of National Artificial Intelligence Advisory Committee (NAIAC) | Joined Workday in 2015; recognized for AI and ML expertise; leads product and technology innovation. | December 2, 2024 |
Sheri Rhodes Executive | Chief Customer Officer | Director at FormFactor, Inc. | Joined Workday in 2019; transitioned from CIO to Chief Customer Officer in February 2022. | February 2022 |
Zane Rowe Executive | Chief Financial Officer | Director at eBay Inc. | CFO since June 2023; previously CFO at VMware and EMC; extensive financial leadership experience. | June 12, 2023 |
Aneel Bhusri Board | Executive Chair | Director at General Motors; Advisory Partner at Greylock Partners | Co-founder of Workday; served as CEO and Co-CEO in prior years; instrumental in Workday's growth and innovation. | April 2021 |
Christa Davies Board | Director | CFO at Aon plc; Director at Stripe, Inc. | Director since 2012; Chair of Audit Committee; extensive financial expertise. | 2012 |
George J. Still, Jr. Board | Lead Independent Director, Vice Chair | Director of two private companies | Director since 2009; Partner Emeritus at Norwest Venture Partners; extensive venture capital experience. | 2009 |
Jerry Yang Board | Director | Founding Partner at AME Cloud Ventures; Director at Alibaba Group | Director since 2013; co-founder of Yahoo!; extensive experience in consumer internet technology. | 2013 |
Liz Centoni Board | Director | EVP and Chief Customer Experience Officer at Cisco; Supervisory Board Member at Mercedes-Benz AG | Director since December 2024; led Cisco's acquisition of Splunk; expertise in AI and customer success. | December 3, 2024 |
Lynne M. Doughtie Board | Director | Director at Boeing Company | Director since February 2021; former CEO of KPMG LLP; extensive experience in risk management and global business strategy. | February 2021 |
Mark J. Hawkins Board | Director | Director at SecureWorks, Toast, and Cloudflare | Director since February 2023; former CFO at Salesforce; extensive financial leadership experience. | February 23, 2023 |
Michael M. McNamara Board | Director | CEO of Samara Living; Director at Carrier Global | Director since 2011; former CEO of Flex Ltd.; extensive operational leadership experience. | 2011 |
Michael Speiser Board | Director | Managing Director at Sutter Hill Ventures; Director at Snowflake | Director since June 2024; founding CEO of multiple companies; extensive experience in AI and high-growth startups. | June 18, 2024 |
Rhonda J. Morris Board | Director | Fellow at National Academy of Human Resources | Set to join Workday's Board on February 14, 2025; former CHRO at Chevron; led HR digital transformation. | February 14, 2025 |
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Given the 8% workforce reduction, can you provide specific details on which areas or functions are being trimmed versus where you're increasing investment, particularly in AI and international expansion? How will this restructuring impact your operational efficiency and ability to innovate in key growth areas?
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You've highlighted significant investment in your agent system of record and AI-driven solutions. Can you elaborate on your monetization strategy for these AI agents and the expected timeline for them to contribute meaningfully to revenue? What competitive advantages do you have in this space, and how do you plan to capture the market opportunity?
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Despite macroeconomic headwinds in EMEA, you reported strong performance in the U.K. and Germany. How sustainable is this momentum, and what strategies are you implementing to mitigate ongoing challenges in international markets? Are you expecting any changes in the demand environment that could affect your international growth projections?
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Your FY '26 guidance suggests an acceleration of subscription revenue growth in the second half of the year. What factors give you confidence in this acceleration amid FX headwinds and macro uncertainties? Can you provide more insight into the contribution expected from recent large deals and any assumptions about improvements in the spending environment?
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With the federal government's focus on efficiency and IT modernization, you're targeting significant opportunities in this sector. How are you positioning Workday to navigate potential uncertainties related to administrative changes and budget considerations? What challenges do you anticipate in securing federal contracts, and how are you addressing them to ensure growth in this market?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
A large, well-established enterprise software vendor that provides financial management and HCM applications. It has long-standing relationships with customers and partners, which may make customers hesitant to switch vendors or adopt cloud applications. | |
A well-established provider of financial management and HCM applications with significant name recognition and long-standing customer relationships, which may pose challenges for customer acquisition. | |
Anaplan, Inc. | A vendor offering specific applications that address portions of enterprise cloud applications, including cloud-based solutions. |
A competitor providing specific applications that address portions of enterprise cloud applications, including cloud-based solutions. | |
Coupa Software Inc. | A vendor offering specific applications that address portions of enterprise cloud applications, including cloud-based solutions. |
Dayforce, Inc. | A competitor providing specific applications that address portions of enterprise cloud applications, including cloud-based solutions. |
Infor, Inc. | A vendor offering specific applications that address portions of enterprise cloud applications, including cloud-based solutions. |
A competitor providing specific applications that address portions of enterprise cloud applications, including cloud-based solutions. | |
UKG Inc. | A vendor offering specific applications that address portions of enterprise cloud applications, including cloud-based solutions. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Evisort | 2024 | Workday acquired Evisort for $311 million in an all-cash deal, with a purchase price allocation that included $44 million for developed technology intangible assets, $28 million for customer relationships, and $238 million in goodwill, reflecting expected synergies by incorporating its AI-powered contract intelligence platform (including the industry’s first LLM for contracts and ISO 42001 certification) to enhance Workday’s finance and HR applications. |
HiredScore | 2024 | Workday’s $530 million all-cash acquisition of HiredScore included detailed allocations for developed technology, customer relationships, and a significant $411 million goodwill, and was aimed at enhancing its AI-driven talent orchestration solutions to empower talent acquisition and internal mobility. |
Peakon | 2021 | Workday acquired the employee success platform Peakon for $702 million, intending to convert employee feedback into actionable insights for improved engagement and organizational performance, with integration into Workday’s consolidated financial results post-acquisition. |
Zimit | 2021 | Workday acquired Zimit for a total consideration of $76 million (comprising $62 million in cash and $14 million from a re-priced prior equity investment) to integrate its CPQ solution for services industries, driving efficiencies in the quote-to-cash process with allocated intangible assets and goodwill to reflect anticipated synergies. |
VNDLY | 2021 | Workday completed the $473.16 million acquisition of VNDLY, a cloud-based external workforce and vendor management platform, which included cash payments and an equity issuance to key VNDLY employees, with a purchase price allocation of $412.15 million in goodwill and $40 million in acquisition-related intangible assets to support unified workforce optimization. |