In today’s CEO Daily: Diane Brady talks to Workday CEO Carl Eschenbach about fear of AI in the workplace. The big story: CEOs are secretly angry at the Trump administration. The markets: Broadly up. Plus: All the news and watercooler chat from Fortune. Good morning. Workday CEO Carl Eschenbach knows his employees fear AI. About half of U.S. workers (and many CEOs) do. Never mind that the cloud software company’s headcount has stayed steady at roughly 19,500 over the past year as it has pushed to becom ...

在 Workday 2025 年分析师日的会议上，管理层展示了经过重新调整的目标财务框架，清晰地阐述了 Workday 致力于在 2028 财年实现每股持续超过 20% 的自由现金流年复合增长率，并在 2028 财年实现 增长率加上利润率达48%。虽然实现这些目标的公式在一定程度上可能取决于 2028 财年后的订阅收入 年复合增长率，但管理层提出了较低(12%)、中等(13-14%)和较高(15%)的增长情景，这正是投资者所期 待的，也可能会让他们在更长期内对 Workday 的自由现金流增长故事的持久性产生更多的信心。 智通财经APP获悉，在Workday(WDAY.US)举办年度分析师日会议后，摩根士丹利发布研报，重申对该 公司的"持股观望"评级，目标价255美元。大摩指出，在分析师日会议上，管理层就为何Workday基础 数据、流程以及客户状况使公司具备了在人工智能领域取得成功的基础这一观点进行了有力的阐述。同 样重要的是，新的2028财年目标在实现增长的同时兼顾了利润率的提升，以保持 20%的自由现金流年 复合增长率，抓住这一机遇并有效执行将是关键所在。 此外，管理层阐述了 Workday 在 Al ...

巴克莱将Workday的目标价从285美元上调至288美元，维持"增持"评级。(格隆汇) ...

Summary of Key Points Core Viewpoint - The Federal Reserve indicated a steady approach to cutting interest rates for the remainder of the year, projecting two additional quarter-percentage-point cuts, while expressing concerns about the labor market's weakness and raising its inflation forecast [1][6]. Market Reactions - The Dow Jones Industrial Average rose by 260.42 points (0.57%) to 46,018.32, while the S&P 500 decreased by 6.41 points (0.10%) to 6,600.35, and the Nasdaq Composite fell by 72.63 points (0.32%) to 22,261.33 [6][7]. - Financial stocks, particularly American Express, contributed to the Dow's increase [6]. Company-Specific Developments - Nvidia's shares dropped by 2.6% following reports that China's internet regulator instructed major tech companies to cease purchasing its chips [5][6]. - Workday's stock surged by 7.2% after activist investor Elliott Management acquired a stake exceeding $2 billion in the company [5][6]. - Lyft's shares increased by 13.1% due to news of a collaboration with Alphabet's Waymo to launch autonomous cab rides in Nashville next year, while shares of rival Uber fell by 5% [5][7]. Trading Activity - On the NYSE, declining issues outnumbered advancers by a ratio of 1.02-to-1, and on the Nasdaq, the ratio was 1.1-to-1 [6][7]. - The S&P 500 recorded 18 new 52-week highs and five new lows, while the Nasdaq Composite noted 122 new highs and 45 new lows [6][7]. - Trading volume on U.S. exchanges reached 18.91 billion shares, surpassing the 16.47 billion average over the last 20 trading days [6][7].

Market Reaction to Fed Rate Cut - The S&P 500 initially gained after the Fed's quarter-point cut on September 17 but closed 0.10% lower [2] - Nasdaq fell 0.33%, while the Dow Jones Industrial Average (DJIA) closed 0.57% higher, reaching a new 52-week high [2] - The small-cap index, Russell 2000, increased by 0.18%, approaching its previous 52-week high post Fed announcement [2] Stock Performance Highlights - Workday Inc. was a top performer in the S&P 500, rising 7.2% [4] - Lyft saw a significant gain of 13.1% [3] - Nvidia experienced a decline of 2.6% [3] Nvidia's Challenges - Nvidia's stock fell 2.6% due to China's ban on several technology companies from purchasing its products, aimed at promoting domestic industry [5] - The company faced accusations of violating China's anti-monopoly law, contributing to its stock decline [6] - Despite challenges, Nvidia announced a partnership to enhance AI infrastructure in the UK, collaborating with Nscale, Coreweave, and Microsoft [7]

Core Viewpoint - The rise of artificial intelligence (AI) is seen as a positive development for Workday, countering the narrative that AI is detrimental to the software industry [1] Company Performance - Workday has a customer gross retention rate exceeding 97%, indicating strong customer loyalty and a "sticky platform" [2] - The company has experienced an 8.97% decline in stock value year-to-date, but saw a 7% increase following the announcement of Elliott's $2 billion stake [2] Investor Relations - Activist investor Elliott has expressed support for Workday's management and business strategies, highlighting the company's unique position and growth potential [3] - Workday's leadership views the relationship with Elliott as a partnership, aligning on financial frameworks and future strategies [3]

One of the things I think people should understand is there's this kind of you can really help me on this Carl. There's this big theme and the big theme is that is this uh that there's a big AI eating software notion. This is narrative that basically that AI is going to make it so we don't need a workday.In reality, I thought your build developer platform answered that objection to owning a stock of workday. >> Yeah, Jim, you know, I think you've talked about on your show in the past. There's a narrative ou ...

Group 1 - The narrative that AI is "eating" the software and specifically the SaaS world is considered overblown and misleading [2][4] - Workday has a significant advantage with 75 million users and a highly curated dataset, which provides a strong foundation for AI training [3][4] - The company boasts a gross retention rate of over 97% and believes it is undervalued in the market [4]

Company Performance - Uber Technologies (UBER) shares fell by 5% following the announcement of a partnership between Waymo and Lyft to launch robotaxi services in Nashville, which increased Lyft's shares by over 13% [5][9]. - Insulet (PODD) shares decreased by 3% after the announcement of a CFO transition, although the company expects third-quarter revenue growth to exceed prior expectations due to strong customer additions [6]. - Workday (WDAY) stock surged by 7.3% after activist investor Elliott Investment Management disclosed a stake worth more than $2 billion, expressing confidence in the company's management and operational plans [10]. Market Overview - The S&P 500 index ended with a slight loss of about 0.1% after the Federal Reserve announced a quarter-percentage-point reduction in benchmark interest rates, with the Nasdaq down 0.3% and the Dow up 0.6% [3][8]. - Stocks related to the home building sector experienced declines despite the Fed's interest rate cut, as home builder confidence remained at its lowest level since December 2022, with Builders FirstSource (BLDR) losing 5.6% and Mohawk Industries (MHK) dropping 4% [4]. Sector Movements - Hologic (HOLX) shares increased by 7.7%, marking the top performance in the S&P 500, following reports of renewed acquisition discussions with investment firms Blackstone and TPG [7]. - Fox Corp. (FOXA) shares gained around 3% as Lachlan Murdoch solidified his leadership, with plans to attract younger audiences through new initiatives [11].

Group 1 - Shares of Workday increased by over 6% following the disclosure of a stake exceeding $2 billion by activist investor Elliott Management [1] - Elliott Management expressed support for Workday's leadership, highlighting effective management by the CEO and CFO in recent years [1] - Workday announced a stock repurchase plan of $5 billion through fiscal 2027, indicating confidence in its growth trajectory [1] Group 2 - Workday is actively pursuing acquisitions to enhance its position in artificial intelligence, including a recent $1.1 billion deal to acquire AI firm Sana [2] - The HR software sector is experiencing increased M&A activity, exemplified by Thoma Bravo's agreement to acquire Dayforce, a competitor, for $12.3 billion [2]