) CEO Carl Eschenbach joins Asking for a Trend to discuss the HR software company's outlook and different avenues for growth.
"An investment in Workday is an investment in AI. We've been on this journey for 10 years, and we are now monetizing it in many different dimensions," he tells."For example, our renewal rates are very high. Customers don't take Workday out to bring in a new AI platform. We are the AI platform." "The reason financials are really important to us is because a lot of the financials platforms are still on premises. They're not in the cloud. We estimate only 30% of workloads in financials has moved to the cloud. That means there's 70% opportunity for us to help those customers move to the cloud, their financials platform, and marry it up with their HR platform and run a common architecture across both.
Today we get about 25% of our business internationally, yet it represents more than 50% of our addressable market, and then another thing we're focusing on is both our human Capital Management platform.And the reason financials are really important to us is because a lot of the financials platforms are still on premises.