AI Index / Workday, Inc.
Workday, Inc. (WDAY)
Workday's main sources of revenue are subscription fees for its HR (HCM), financials, and student management cloud software, as well as professional services. AI contributes directly to revenue growth through dedicated AI SKUs such as Extend Pro, Recruiting Agent, Evisort, and new role-based agents—these accounted for over 30% of customer expansion transactions in the last two quarters. Workday is also launching a centralized Agent System of Record to manage both Workday and third-party AI agents, further expanding monetization opportunities tied directly to AI.
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With our unified platform, our customers can unlock value faster, reduce our total cost of ownership, and harness the power of AI across our best-in-class HR and finance solutions.
- Carl Eschenbach
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Quotes from workday Executives About Artificial Intelligence and Generative AI
On the AI front, we just launched the Agent System of Record, a centralized system to manage all of an organization's AI agents from Workday and third parties alike. With this innovation, our customers will be able to manage their entire workforce, humans and digital on our trusted platform.
- Carl Eschenbach
...we continue to see increasing demand for AI solutions. In fact, AI is front and center in every conversation I have with customers, prospects and partners.
- Carl Eschenbach
...30% of our customer expansions involve one or more AI SKUs including Extend Pro, Recruiting Agent, Evisort, and our recently rolled-out Talent Mobility agent.
- Carl Eschenbach
...Extend Pro continues to be one of our fastest-growing SKUs. In Q4 new ACV more than doubled over Q3. Developer Copilot is delivering real results with productivity gains over 50%.
- Carl Eschenbach
...our approach to AI has always been customer-centric... Now that our AI has evolved and is delivering tangible ROI, we have new monetization opportunities that will fuel our long-term growth.
- 'Carl Eschenbach'