Elliott Issues Statement on Workday, Inc.

Rhea-AI Summary

Elliott Investment Management has announced a significant $2 billion investment in Workday Inc. (NASDAQ: WDAY), making it one of the company's largest investors. Elliott expressed strong confidence in Workday's leadership team, including CEO Carl Eschenbach and CFO Zane Rowe.

The investment firm praised Workday's recent progress, highlighting its position as a unique software franchise with industry-leading growth potential and best-in-class customer retention. Elliott also endorsed Workday's newly announced multi-year plan presented at their Financial Analyst Day, stating it will enhance the company's operating model and capital allocation framework.

News Market Reaction

-1.68%

23 alerts

-1.68% News Effect

+5.7% Peak in 13 hr 15 min

-$999M Valuation Impact

$58.48B Market Cap

0.8x Rel. Volume

On the day this news was published, WDAY declined 1.68%, reflecting a mild negative market reaction. Argus tracked a peak move of +5.7% during that session. Our momentum scanner triggered 23 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $999M from the company's valuation, bringing the market cap to $58.48B at that time.

Data tracked by StockTitan Argus on the day of publication.

WEST PALM BEACH, Fla., Sept. 16, 2025 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together hold a significant investment in Workday, Inc. (NASDAQ: WDAY) ("Workday"), today issued the following statement:

Elliott is one of Workday's largest investors, with an investment of more than $2 billion. We believe CEO Carl Eschenbach, CFO Zane Rowe and the entire Workday team have made substantial progress in recent years, positioning Workday as a unique software franchise with industry-leading growth potential, best-in-class customer retention and a proven management team. We are pleased with our dialogue with the team and believe the plan announced at today's Financial Analyst Day represents a significant enhancement of Workday's operating model and capital allocation framework. We believe this multi-year plan will drive substantial long-term value creation for Workday shareholders, and we look forward to continued collaboration with the company.

About Elliott

Elliott Investment Management L.P. (together with its affiliates, "Elliott") manages approximately $76.1 billion of assets as of June 30, 2025. Founded in 1977, it is one of the oldest funds under continuous management. The Elliott funds' investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm.

Media Contact:
Casey Friedman
Elliott Investment Management L.P.
(212) 478-1780
cFriedman@elliottmgmt.com

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SOURCE Elliott Investment Management L.P.

FAQ

How much did Elliott Investment Management invest in Workday (WDAY)?

Elliott Investment Management has invested more than $2 billion in Workday, making it one of the company's largest investors.

What did Elliott say about Workday's management team?

Elliott expressed confidence in CEO Carl Eschenbach, CFO Zane Rowe, and the entire team, praising their substantial progress and proven management capabilities.

What are the key strengths of Workday (WDAY) according to Elliott?

According to Elliott, Workday's key strengths include its position as a unique software franchise, industry-leading growth potential, and best-in-class customer retention.

What new plans did Workday announce at its Financial Analyst Day?

Workday announced a multi-year plan that includes significant enhancements to its operating model and capital allocation framework, which Elliott believes will drive substantial long-term value creation for shareholders.

How will Elliott's investment impact Workday's future?

Elliott plans to continue collaborating with Workday and supports the company's multi-year plan, which they believe will drive substantial long-term value creation for shareholders.