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Elliott builds a position in Workday after software company unveils a multiyear plan to boost value

1. Elliott Investment Management invested over $2 billion in Workday. 2. Workday has implemented a $5 billion share repurchase program. 3. New CEO Carl Eschenbach focuses on operational efficiency and shareholder value. 4. AI revenue surged 200% year-over-year, indicating growth potential. 5. Workday's customer retention rate stands at 98%, providing stability.

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FAQ

Why Bullish?

Elliott's investment and share buyback program signal confidence in Workday's future.

How important is it?

Elliott's active involvement typically leads to positive changes and improved company performance.

Why Long Term?

The strategic changes and focus on operational efficiency are expected to benefit WDAY over time.

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