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Subscription revenue growth grew 17%. With respect to guidance, Workday is now looking for an adjusted operating margin of 25.25% in the 2025 fiscal year, compared with the 25% forecast it provided in May. In September 2023, Workday said it was targeting a 25% adjusted operating margin for fiscal year 2027 and subscription revenue growth between 17% and 19%. Deutsche Bank analysts led by Brad Zelnick increased their 12-month price target on Workday stock to $275 from $265. "The increased 30% operating margin target was the big upside surprise as it is now committed both sooner and greater than most were expecting," the analysts wrote.
Persons: Carl Eschenbach, Zane Rowe, Rowe, We're, Brad Zelnick, Piper Sandler, Jerome Powell, Carl Eschenbach didn't, Julie Biel Organizations: Deutsche Bank, Citi, Evercore ISI, Computing Fund Locations: Davos, Switzerland
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAccess to data will create phenomenal AI, says Salesforce CEO Marc BenioffSalesforce Chair and CEO Marc Benioff and Workday CEO Carl Eschenbach join 'Mad Money' host Jim Cramer to talk their AI partnership.
Persons: Marc Benioff, Carl Eschenbach, Jim Cramer
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSalesforce CEO Marc Benioff and Workday CEO Carl Eschenbach join Jim CramerSalesforce Chair and CEO Marc Benioff and Workday CEO Carl Eschenbach join 'Mad Money' host Jim Cramer to talk their AI partnership.
Persons: Marc Benioff, Carl Eschenbach, Jim Cramer
In an interview with CNBC's Jim Cramer, the CEOs of Salesforce and Workday , Marc Benioff and Carl Eschenbach, discussed the their companies' new partnership. Both CEOs said the strength of this new venture stems from the confluence of their large data sets. "AI is all about data, and if you have access to the data, then you can have phenomenal AI," Benioff said. Eschenbach said that Salesforce and Workday have the three most important data sets in the enterprise — employee data, customer data and financial data. He also said the new program benefits customers because they don't have to move between platforms to access services.
Persons: CNBC's Jim Cramer, Marc Benioff, Carl Eschenbach, Benioff, Eschenbach Locations: Salesforce
Read previewAn F/A-18F Super Hornet pilot from Strike Fighter Squadron (VFA) 32 made history by becoming the first US female pilot to score an air-to-air kill, according to a Navy press release. The pilot was not named, and further details on the weapon used to take down the target were not provided. Manufacturer Boeing calls the Super Hornet "the backbone" of the Navy carrier air wing. Related storiesThe female pilot's kill wasn't the only historic air-to-air shot during the Red Sea battle. An E/A-18G Growler squadron that was also stationed aboard the USS Dwight D. Eisenhower became "the first Growler squadron in Navy history to score an air-to-air kill," per another Navy press release.
Persons: , Dwight D, Eisenhower, Cmdr, Carl Ellsworth Organizations: Service, Strike Fighter Squadron, Navy, Eisenhower, Business, AIM, Prosperity Guardian, Hornet, Boeing Locations: Gaza, The Virginia, Houthi, Yemen
An arbitrator ruled in Netflix’s favor in a high-profile dispute between the streaming giant and the Hollywood director Carl Erik Rinsch over a science-fiction series that never aired, awarding the company nearly $9 million in damages. Mr. Rinsch had sold Netflix the television show, “Conquest,” near the height of the streaming boom in 2018, but he never delivered any episodes. Netflix had to write off the $55 million it had spent on the project — a fiasco that became a symbol of the era of profligate spending that Hollywood studios are trying to put behind them as they focus on increasing profits rather than simply adding subscribers. Netflix canceled the development of “Conquest” in early 2021 after Mr. Rinsch’s behavior turned erratic. In texts and emails to Netflix executives, he claimed to have discovered Covid-19’s secret transmission mechanism and told his wife, a producer on the show, that he could predict earthquakes and lightning strikes.
Persons: Carl Erik Rinsch, Rinsch Organizations: Netflix, Hollywood Locations: Netflix’s,
CNN —Facing a crowd of journalists, inventor Thomas Midgley Jr. poured a lead additive over his hands and then proceeded to inhale its fumes for about a minute. Unfazed, he said, “I could do this every day without getting any health problems whatsoever.”Soon afterward, Midgley needed medical treatment. The task of addressing the issue of engine knocking fell to Midgley while he was working at General Motors in 1916. An estimated 1 million people a year still die from lead poisoning, according to the World Health Organization. The toxicity of lead was already well-known when Midgley added it to gas, but that didn’t stop Ethyl from becoming a commercial success.
Persons: Thomas Midgley Jr, , , Midgley, , Ford, Gerald Markowitz, Colin Creitz, Charles Kettering, ” Markowitz, ” Midgley, Bill Kovarik, Midgley —, Kettering —, Freon, Joe Sohm, CFCs, Perkin, Priestley, Kettering, Willard Gibbs, Carl E, ” Kovarik, Markowitz, I’m Organizations: CNN, General Motors, City University of New, GM, Standard Oil, DuPont, Network, UNICEF, World Health Organization, Radford University, America, Montreal Protocol, International Association for Suicide Prevention, Befrienders, Society of Chemical Industry, American Chemical Society, National Academy of Sciences, TNT, Linde Locations: Beaver Falls , Pennsylvania, United States, City University of New York, Algeria, American, Dayton , Ohio, Virginia, Montreal, Chicago
Opinion | Ethical Lapses in the Medical Profession
  + stars: | 2024-05-14 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “Moral Dilemmas in Medical Care” (Opinion guest essay, May 8):It is unsettling, and dismaying, to read Dr. Carl Elliott’s account of moral lapses continuing to exist, if not thrive, in medical education. As a neurology resident in the early 1970s, I was assigned a patient who was scheduled to have psychosurgery. He was a prisoner who had murdered a nurse in a hospital basement, and the surgery to remove part of his brain was considered by the department to be a therapeutic and even forward-looking procedure. This was despite its being widely discredited, and involving a prisoner who could not provide truly informed consent. It is lamentable that even though bioethics programs are widely incorporated into medical education, moral and ethical transgressions remain a stubborn problem as part of medical structures’ groupthink.
Persons: Carl Elliott’s
Did she understand that when the lights went dim she would be treated like a clinical practice dummy, her genitalia palpated by a succession of untrained hands? I don’t know. Like most medical students, I just did as I was told. Much of the force behind the new requirement came from distressed medical students who saw these pelvic exams as wrong and summoned the courage to speak out. Whether the guidance will actually change clinical practice I don’t know.
Organizations: of Health, Human Services
The new Swiss Army Knife will be missing a key feature
  + stars: | 2024-05-07 | by ( Jack Guy | ) edition.cnn.com   time to read: +2 min
CNN —The maker of the Swiss Army Knife is working on a new version of the classic multi-tool, which won’t have a blade. “We are in the early stages of developing pocket tools without blades,” a spokesperson for Swiss firm Victorinox told CNN in a statement Tuesday, adding that they will compliment the existing range of multi-tools rather than replacing them. Adrian Moser/Bloomberg/Getty ImagesCNN contacted Victorinox after company CEO Carl Elsener Jr. told Swiss media outlet Blick that he is concerned about increasingly stringent regulations on knives in many markets. For example, increasing concern over the prevalence of knife crime means that the British government is considering new legislation on bladed articles, and Elsener himself referenced the country’s rules. “In England or certain Asian countries, you are sometimes only allowed to carry a knife if you need to have it to do your job or operate outdoors,” said Elsener.
Persons: Victorinox, , Adrian Moser, Carl Elsener Jr, Elsener, Karl Elsener, Arnd Wiegmann, Elsener Jr, CNN’s Richard Quest Organizations: CNN, Swiss Army, Bloomberg, Getty Images CNN, , “ Cyclists, Reuters Locations: Ibach, Switzerland, Swiss, England,
The Louisiana secretary of state has ordered that the congressional map be finalized by May 15. Even so, they said, it was evident that creating a second district with a majority of Black voters was lawmakers’ overarching objective. But in the map drawn by the Republican-controlled Legislature, only one of the six congressional districts had a majority Black population. The ruling reaffirmed the Voting Rights Act of 1965, which had been diminished over the years by the court’s conservative majority. Critics of Tuesday’s ruling argued that the repercussions in Louisiana could extend beyond a single election, or even partisan divisions.
Persons: , Critics, Eric H, Holder Jr, Liz Murrill, “ I’ve, , David C, Joseph, Robert R, , Carl E, Stewart, , Tuesday’s, Ashley Shelton, Ms, Shelton Organizations: Black, U.S . Constitution, National Democratic, Republican, U.S, Supreme, . Constitution, State Legislature, Lawmakers, U.S ., Appeals, Fifth Circuit, American, Western, Western District of, Louisiana Legislature, voters, Power Coalition for Equity, Justice Locations: Louisiana, U.S ., ., Baton Rouge, Shreveport, Western District, Western District of Louisiana, Black, U.S
Nov 28 (Reuters) - Workday (WDAY.O) raised its annual subscription revenue forecast and beat estimates for quarterly profit and revenue on Tuesday, benefiting from an easing macro environment and strong demand for its cloud-based software services. Shares of the Pleasanton, California-based company rose 3.2% in extended trading. The company now expects full-year subscription revenue of $6.598 billion, compared with its previous expectation of $6.570 billion to $6.590 billion. The company reported third-quarter total revenue of $1.87 billion, higher than analysts' estimates of $1.85 billion, according to LSEG data. Workday's subscription revenue rose 18.1% to $1.69 billion.
Persons: Carl Eschenbach, Zaheer Kachwala, Maju Samuel Organizations: ADP, Accenture, Thomson Locations: Pleasanton , California, Bengaluru
A movie director used Netflix funds to trade options and cryptocurrencies, The New York Times said. "47 Ronin" director Carl Erik Rinsch bet on Gilead Sciences and dogecoin, and against the S&P 500. He lost $6 million on options, but a winning bet on dogecoin boosted his balance to $27 million. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementA Hollywood director took millions of dollars of production funding from Netflix and used it to trade stock options and cryptocurrencies, The New York Times said on Wednesday.
Persons: Carl Erik Rinsch, dogecoin, , Here's, Carl Erik Rinsch's, Rinsch's, Rinsch, Gilead, Dogecoin, Constantin, Rinsch didn't Organizations: The New York Times, Gilead Sciences, Service, Netflix Locations: The, Gilead
He had directed only one movie, “47 Ronin.” It was a commercial and critical dud, and Mr. Rinsch’s tussles with its producers had raised eyebrows, even in an industry where such conflicts are the norm. Amid the feeding frenzy, the project that Mr. Rinsch was pitching — a science-fiction series about artificial humans — became a hot property. After a competitive auction, Mr. Rinsch and his representatives reached an informal eight-figure agreement with Amazon. The project with Mr. Rinsch has turned into a costly fiasco, a microcosm of the era of profligate spending that Hollywood studios now are scrambling to end. Netflix burned more than $55 million on Mr. Rinsch’s show and gave him near-total budgetary and creative latitude but never received a single finished episode.
Persons: Carl Erik Rinsch, Rinsch’s, Rinsch, Cindy Holland Organizations: Disney, Apple, Amazon, Netflix, Hollywood Locations: Hollywood
But tax rises will be very hard to avoid for whichever party forms the next government, says James Smith, a former Bank of England economist who is research director at the Resolution Foundation, which focuses on issues affecting low and middle earners. For earlier governments, the main way to increase tax levels has been to raise the rate of national insurance - a payroll tax paid by employers and employees - and, in the Conservatives' case, higher value-added tax. Annual GDP growth averaged 2.0% from 2010-2019, compared with 3.0% from 1997-2007. Asked on Sunday about widespread reports of looming tax cuts, Hunt told Sky News: "Everything is on the table ... Higher-than-expected inflation has boosted tax revenue and overall GDP in cash terms, giving more leeway against fiscal targets as most public services' spending budgets are fixed.
Persons: Susannah Ireland, Jeremy Hunt, Rishi Sunak's, James Smith, Smith, Britain's, It's, Carl Emmerson, Hunt, Foundation's Smith, David Milliken, Mike Harrison Organizations: REUTERS, Labour Party, Bank of England, Organisation for Economic Co, Development, Britain, Conservatives, Fiscal Studies, Foundation, Reuters, Monetary Fund, Institute for Government, Sky News, British, Reuters Graphics, Thomson Locations: City, London, Britain, Ukraine
Wall Street banks are turning to AI to streamline processes like writing performance reviews. Software firm Workday said it's seen an uptick in banks expressing interest in its new AI products. AdvertisementWall Street banks are looking to speed up operations and cut costs by deploying AI to write performance reviews among other tasks, a Workday boss said in an interview with Bloomberg at its conference in Barcelona. Workday's co-CEO Carl Eschenbach said Wall Street banks are keen to get their hands on some of its new AI products. A number of Wall Street banks are optimistic about how AI will improve productivity since the launch of OpenAI's chatbot ChatGPT in November 2022.
Persons: , Workday's, Carl Eschenbach, Eschenbach, ChatGPT, Jamie Dimon Organizations: Deutsche Bank, Service, Bloomberg Locations: Barcelona
Co-CEOs of Workday , Aneel Bhusri and Carl Eschenbach, told CNBC's Jim Cramer artificial intelligence is worth a hefty upfront cost. "I think AI is as important and maybe as disruptive as the cloud was," Bhusri said. "Different than the cloud, these large language models that AI are based on, they require massive amounts of compute to build the models and train the models. And so there's an upfront cost that we all just have to recognize. Bhusri and Eschenbach explained that their company's AI program is especially helpful to managers, as it will be able to write job descriptions and career growth plans.
Persons: Bhusri, Carl Eschenbach, CNBC's Jim Cramer, Eschenbach, It's, Thursday's
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI is as important and disruptive as cloud software, says Workday Co-CEO Aneel Bhusri'Mad Money' host Jim Cramer talks to the co-CEOs of Workday, Carl Eschenbach and Aneel Bhusri, to talks the stocks large drop, the companies annual users event, latest projections and more.
Persons: Aneel Bhusri, Jim Cramer, Carl Eschenbach, Aneel
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWorkday's Co-CEOs talk Wall Street's response to its latest projections with Jim Cramer'Mad Money' host Jim Cramer talks to the co-CEOs of Workday, Carl Eschenbach and Aneel Bhusri, to talks the stocks large drop, the companies annual users event, latest projections and more.
Persons: Jim Cramer, Carl Eschenbach, Aneel
But keeps buy rating ahead of the video streamer's quarterly earnings out next month. Online advertising tech company Trade Desk (TTD) started with a buy rating and a $100-per-share price target at UBS. Bank of America cuts price target on Advance Auto Parts (AAP) to $60 per share from $75. Paychex (PAYX) gets multiple price target increases at TD Cowen (keeps buy rating), Morgan Stanley (keep hold rating), and Bank of America (keeps sell rating). Barclays cuts price target on United Parcel Service (UPS) to $175 per share from $180.
Persons: Matt Boss, Banks, Morgan Stanley, Jim Cramer's, Carl Eschenbach, Aneel, TD Cowen, Cowen, Price Organizations: JPMorgan, Netflix, Trade, UBS, BMO Capital, Bank of America, Parts, Diageo, DEO, CNBC, Club, Corona, Modelo, Constellation Brands, Walgreens, Alliance, Barclays, United Parcel Service Locations: Fargo
Workday (WDAY) plunged on Thursday after management lowered its outlook for subscription revenue growth. Shares of the software company declined nearly 10%. Jim Cramer described the long-term forecast, which was released on Wednesday, as "worrisome" but said Workday's past fundamentals have been solid. "This company has been straight-shooting so maybe we can feel whether the stock's [move] is an overreaction," Jim said. The CNBC Investing Club does not own Workday but holds shares of Salesforce (CRM), another enterprise software giant.
Persons: Jim Cramer, Jim Cramer's, Jim, Carl Eschenbach, Aneel Organizations: BMO Capital, CNBC
It is the first inning, you might say, and Carl Erskine does not have his best stuff. A camera crew has set up in his living room, and a filmmaker, Ted Green, gently tries to guide Erskine through a short speech. There has always been something inviting about Erskine, a welcoming look that draws you in warmly and melts away the decades. “He’s a 96-year-old guy,” Green says, “with 12-year-old eyes.”Soon the eyes are dancing and the memories come rushing back. Erskine keeps one beside the lamp on the end table, an out pitch he can always reach.
Persons: Carl Erskine, Ted Green, Erskine, Erskine apologizes, , ” Green, he’ll, , Betty Erskine Organizations: Brooklyn Dodger, Ebbets Field
MLB roundup: Red Sox thrash Yankees 15-5
  + stars: | 2023-06-17 | by ( ) www.reuters.com   time to read: +11 min
Turner went 3-for-5 with a two-run homer and a grand slam as Boston compiled a season-high 17 hits. Domingo German (4-4) was charged with seven hits and seven runs over two-plus innings. He followed it with a two-run homer in the third for his seventh career multi-homer game. He allowed Oakland's lone run in the third and yielded seven hits while striking out eight without issuing a walk. Twins starter Joe Ryan (7-4) allowed six runs and seven hits in seven innings.
Persons: Justin Turner, Rob Refsnyder, Paul Rutherford, Masataka Yoshida, Turner, Tanner Houck, Joe Jacques, Josh Donaldson, Anthony Rizzo, Domingo German, Brandon Crawford, Wilmer Flores, San Francisco, Austin Slater, Taylor Rogers, Jakob Junis, Emmet Sheehan, Alex Vesia, Andrew Abbott, Tyler Stephenson, Abbott, Stephenson, Miguel Amaya, Dansby Swanson, Christopher Morel, Morel, Nico Hoerner, Trey Mancini, Kyle Hendricks, Austin Hays, Ryan O'Hearn, Shane McClanahan, Randy Arozarena, McClanahan, Nelson Cruz, Isaac Paredes, Yu Darvish, Danny Jansen, Kevin Gausman, Jansen, Leody Taveras, Martin Perez, Luis Arraez, Arraez, Andrew Nardi, Puk, Lane Thomas, Jeimer Candelario, Carl Edwards Jr, NL Cy Young, Sandy Alcantara, Tylor Megill, Louis, Brett Baty, Tommy Pham, Daniel Vogelbach, Willson Contreras, Miles Mikolas, Travis d'Arnaud, Jared Shuster, d'Arnaud, Eddie Rosario, Joey Wiemer, Blake Perkins, Julio Teheran, Devin Williams, Jason Delay, Carlos Santana, Ke'Bryan Hayes, Rich Hill, Patrick Sandoval, Sandoval, Brandon Drury, Shohei Ohtani, Sam Bachman, Brady Singer, Kyle Schwarber, Taijuan Walker, Realmuto, Alec Bohm, Walker, Bryce Harper, Javier Baez, Matt Vierling, Mason Englert, Will Vest, Alex Kirilloff, Donovan Solano, Edouard Julien, Joe Ryan, Zac Gallen, Ketel Marte, Corbin Carroll, Christian Walker, Jose Ramirez, Triston McKenzie, Touki Toussaint, Teoscar Hernandez, Ty France, Matt Brash, Paul Sewald, Gavin Sheets, Andrew Benintendi, Tanner Banks, Hernandez's Organizations: Boston Red Sox, New York Yankees, Fenway, USA, Boston, Red Sox, New, Giants, Dodgers, San, Los, Reds, Astros, Cincinnati, Houston, Cubs, Orioles, Chicago, Baltimore, Rays, Padres, Tampa Bay, San Diego, Blue Jays, Rangers, Toronto, Marlins, Nationals, Miami, Washington, NL Cy, Mets, Cardinals, St, Braves, Rockies, Atlanta, Colorado, The Braves, Brewers, Pirates, Milwaukee, Pittsburgh, The Pirates, Royals, Angeles, Kansas City, Angels, Phillies, Athletics, Philadelphia, Oakland, JP Sears, Tigers, Minnesota, Twins, Diamondbacks, Arizona, Cleveland, Guardians, Mariners, White Sox, Seattle, Thomson Locations: Boston , Massachusetts, USA, New York, Los Angeles, France, San, Arlington , Texas, Toronto, Detroit, Minnesota, Minneapolis, Phoenix, Gallen
ALBANY, N.Y. — Gov. Kathy Hochul on Thursday announced that she and state lawmakers had reached an agreement on a roughly $229 billion state budget that would change the state’s bail laws, increase the minimum wage and provide urgently needed funding for New York City’s transit system. The deal capped weeks of contentious negotiations that divided the governor and the Democrat-led State Legislature, delaying its expected passage by almost a month — the latest budget in over a decade. The broad strokes of the “conceptual agreement” were revealed by the governor at an impromptu news conference at the State Capitol on Thursday evening; some of the details, Ms. Hochul said, were still being “fine tuned.”Representatives for Andrea Stewart-Cousins, the majority leader in the State Senate, and Carl E. Heastie, the Assembly speaker, confirmed the deal. Lawmakers, who had already left Albany for the week because they had not anticipated an agreement, are expected to vote to approve the budget as early as next week.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe've built A.I. and machine learning into our platform instead of 'bolting' them on: Software firmCarl Eschenbach of Workday says it's "costly" for companies to "bolt" on artificial intelligence and machine learning.
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