"I'm very optimistic about what we're doing on the agentic front. But when I look at where our business is today the core is rock solid. We built these great HR financial applications, and they continue to grow. And we have this opportunity to build these agentic solutions on top. I'm very bullish on where we're headed."
"Workday's 20 years of experience with HR and financial data has positioned the company at least five to seven years ahead of the best AI. So we want to get to a model where we're pretty much indifferent if it's third parties or us building apps on top, we get compensated either way through the consumption model."
Workday CEO Aneel Bhusri returned to leadership and reassured investors about the company's dual focus on maintaining its core HR and financial applications while developing agentic AI solutions. The company forecasted subscription revenue growth of 12-13% for fiscal year 2027, representing a slowdown from 14.5% growth in the previous year. This guidance triggered a 9% stock decline in after-hours trading. Bhusri stated Workday's 20 years of HR and financial data experience positions it 5-7 years ahead of competitors in AI capabilities. The company plans to adopt a consumption-based model where it remains compensated whether third parties or Workday builds applications on its platform.
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