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.