"We're working really hard to figure out how do we improve business process execution for our customers at a lower cost. I think that's where the agentic model fits in. What can agents do to replace human labor? And then obviously longer term, we've got to figure out what we're going to do with those humans that are displaced."
"Bhusri said the outlook reflects that the AI products Workday is building aren't expected to generate meaningful revenue until later in the year."
Workday reported revenue and net-income growth for its January-ended quarter but projected slower subscription revenue growth than Wall Street anticipated, causing shares to fall approximately 10% in after-hours trading. CEO Anil Bhusri framed artificial intelligence as a significant growth opportunity, emphasizing the company's focus on using agentic models to improve business process execution at lower costs and potentially replace human labor. Bhusri clarified that his comments addressed industry-level shifts rather than Workday's specific employment plans. The company maintains a cautious guidance outlook, as AI products currently under development are not expected to generate meaningful revenue until later in the fiscal year.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]