Workday outlined Workday Illuminate, its next-generation AI systems, AI agents across HR and financial processes and new interfaces. In addition, Workday acquired Evisort.
Workday’s second quarter was better than expected as revenue posted growth of 16.7%. The company also moved to build out its Workday Payroll services.
Salesforce and Workday formed a strategic partnership that revolves around a unified data foundation that connects Workday financial and HR data with Salesforce CRM data to streamline workflows.
Workday reported a strong first quarter as the company leveraged AI within its platform and continued to become more efficient. Workday did say that sales cycles are taking longer.
Carl Eschenbach, CEO of Workday, said the company saw "continued momentum with full platform customer wins and expansions within our base."
Workday said Carl Eschenbach will become CEO of the company Feb. 1. Eschenbach had been co-CEO with Aneel Bhusri since 2022.
Carl Eschenbach, co-CEO of Workday, said the company was seeing momentum from "AI innovation, strength in full platform deals, expanding partner ecosystem, and international growth."
Workday said it is aiming to deliver annual subscription revenue growth of 17% to 19% over the next three years with a plan that revolves around expanding its enterprise wallet share, winning midmarket companies and international expansion
Workday launched a series of HCM and Adaptive Planning update along with generative AI tools for enterprises, managers and developers.
Workday raised its fiscal 2024 subscription revenue outlook as the company said it has more than 65 million users under contract.
