{"slug":"workday","name":"워크데이","name_en":"Workday, Inc.","ticker":"WDAY","updated_at":"2026-09-24T04:43:24.144732+00:00","canonical":"https://valuechain.wiki/workday","citable":"밸류체인 그래프 기준 워크데이의 직접 연결 기업은 6곳(관계 기준 공급 2·매출 4)이고, 사슬을 2차까지 넓히면 58곳에 닿는다. 링크의 근거 출처는 14건이며 그중 1차공시가 1건이다 (valuechain.wiki, 2026-09-24 기준).","citable_en":"Per the valuechain.wiki graph, Workday, Inc. is directly linked to 6 companies (2 supply, 4 revenue relationships) and reaches 58 companies within two hops; the links are backed by 14 dated sources, 1 of them primary filings (as of 2026-09-24).","kicker":"클라우드 HR·재무 SaaS","kicker_en":"Cloud HR & finance SaaS","lead":"워크데이는 인사관리(HCM)·재무관리·플래닝을 하나의 클라우드 플랫폼으로 묶어 구독 방식으로 파는 SaaS 기업이다. FY2026(2026년 1월 31일 마감) 매출 95억 5,200만 달러 중 92.5%가 구독 서비스에서 나왔다. 비용 측면에서는 AWS·구글클라우드 등 퍼블릭 클라우드 인프라에 애플리케이션을 올려 운영하고, Sana·Paradox 같은 AI 스타트업을 잇달아 인수해 에이전트형 AI 기능을 자체 플랫폼(Workday Illuminate)에 결합하고 있다.","lead_en":"Workday sells cloud-based human capital management, financial management and planning software as a bundled subscription. In FY2026 (ended January 31, 2026), 92.5% of its $9.552 billion in revenue came from subscription services. On the cost side, it runs its applications on public cloud infrastructure from AWS and Google Cloud, and it has been acquiring AI startups such as Sana and Paradox to build agentic AI features directly into its Workday Illuminate platform.","categories":[{"key":"enterprise-saas","ko":"기업 SaaS","en":"Enterprise SaaS","theme":"cloud-software","theme_ko":"클라우드·기업 소프트웨어","theme_en":"Cloud & Enterprise Software","theme_kind":"sector","primary":true},{"key":"productivity-software","ko":"업무 생산성 소프트웨어","en":"Productivity Software","theme":"cloud-software","theme_ko":"클라우드·기업 소프트웨어","theme_en":"Cloud & Enterprise Software","theme_kind":"sector","primary":false}],"segments":{"parts":[{"name":"구독 서비스(Subscription Services)","note":"88억 3,300만 달러, 매출의 92.5%"},{"name":"전문 서비스(Professional Services)","note":"7억 1,900만 달러, 매출의 7.5%"}],"total":"95억 5,200만 달러 (FY2026, 10-K)","track":"C"},"segments_en":{"parts":[{"name":"Subscription services","note":"$8,833M, 92.5% of revenue"},{"name":"Professional services","note":"$719M, 7.5% of revenue"}],"total":"$9,552M (FY2026, 10-K)"},"returns_yearly":{"2021":14,"2022":-38.7,"2023":65,"2024":-6.5,"2025":-16.8,"2026":-8.8},"return_asof":"2026-09-04","value_chain":{"leading":[{"slug":"crowdstrike","name":"CrowdStrike","name_en":"CrowdStrike","tier":3,"returns_yearly":{"2021":-3.3,"2022":-48.6,"2023":142.5,"2024":34,"2025":37,"2026":134.7}},{"slug":"palo-alto-networks","name":"팔로알토 네트웍스","name_en":"Palo Alto Networks","tier":3,"returns_yearly":{"2021":56.7,"2022":-24.8,"2023":111.3,"2024":23.4,"2025":1.2,"2026":127.4}},{"slug":"datadog","name":"Datadog","name_en":"Datadog","tier":3,"returns_yearly":{"2021":80.9,"2022":-58.7,"2023":65.1,"2024":17.7,"2025":-4.8,"2026":115.6}},{"slug":"snowflake","name":"Snowflake","name_en":"Snowflake","tier":3,"returns_yearly":{"2021":20.4,"2022":-57.6,"2023":38.6,"2024":-22.4,"2025":42.1,"2026":68.2}},{"slug":"illumina","name":"Illumina","name_en":"Illumina","tier":3,"returns_yearly":{"2021":2.8,"2022":-46.9,"2023":-31.1,"2024":-1.3,"2025":-1.8,"2026":66.4}},{"slug":"schrodinger","name":"Schrödinger","name_en":"Schrodinger","tier":3,"returns_yearly":{"2021":-56,"2022":-46.3,"2023":91.5,"2024":-46.1,"2025":-7.3,"2026":52.6}},{"slug":"schlumberger","name":"슐럼버거","name_en":"Schlumberger","tier":3,"returns_yearly":{"2021":39.6,"2022":81.2,"2023":-0.8,"2024":-24.5,"2025":3.3,"2026":52.3}},{"slug":"chevron","name":"셰브론","name_en":"Chevron Corporation","tier":3,"returns_yearly":{"2021":46.2,"2022":58.5,"2023":-13.6,"2024":1.3,"2025":10.1,"2026":40.7}},{"slug":"exxonmobil","name":"엑슨모빌","name_en":"ExxonMobil","tier":3,"returns_yearly":{"2021":57.6,"2022":87.4,"2023":-6.3,"2024":11.3,"2025":16,"2026":35.2}},{"slug":"airbnb","name":"Airbnb Inc","name_en":"Airbnb Inc","tier":3,"returns_yearly":{"2022":-48.6,"2023":59.2,"2024":-3.5,"2025":3.3,"2026":34.1}},{"slug":"ebay","name":"이베이","name_en":"eBay Inc.","tier":3,"returns_yearly":{"2021":33.8,"2022":-36.5,"2023":7.7,"2024":44.8,"2025":42.7,"2026":30}},{"slug":"starbucks","name":"Starbucks Corp","name_en":"Starbucks Corp","tier":3,"returns_yearly":{"2021":11.1,"2022":-13.2,"2023":-1.2,"2024":-2.5,"2025":-5.3,"2026":26.3}},{"slug":"labcorp","name":"랩코프","name_en":"Labcorp Holdings Inc.","tier":3,"returns_yearly":{"2021":54.4,"2022":-24.4,"2023":13.8,"2024":2.2,"2025":10.6,"2026":25.3}},{"slug":"veeva-systems","name":"비바 시스템스","name_en":"Veeva Systems","tier":3,"returns_yearly":{"2021":-6.2,"2022":-36.8,"2023":19.3,"2024":9.2,"2025":6.2,"2026":23.2}},{"slug":"becton-dickinson","name":"벡톤 디킨슨","name_en":"Becton, Dickinson and Company","tier":3,"returns_yearly":{"2021":1.9,"2022":5.1,"2023":-2.7,"2024":-5.4,"2025":-12.6,"2026":22.8}},{"slug":"live-nation-entertainment","name":"라이브 네이션 엔터테인먼트","name_en":"Live Nation Entertainment, Inc.","tier":3,"returns_yearly":{"2021":62.9,"2022":-41.7,"2023":34.2,"2024":38.4,"2025":10,"2026":21.8}},{"slug":"johnson-controls","name":"존슨 컨트롤스","name_en":"Johnson Controls","tier":3,"returns_yearly":{"2021":77.4,"2022":-19.3,"2023":-7.6,"2024":39.8,"2025":53,"2026":21.7}},{"slug":"colgate-palmolive","name":"콜게이트파몰리브","name_en":"Colgate-Palmolive Company","tier":3,"returns_yearly":{"2021":2.1,"2022":-5.4,"2023":3.8,"2024":16.6,"2025":-11,"2026":14.4}},{"slug":"carrier-global","name":"캐리어 글로벌","name_en":"Carrier Global Corporation","tier":3,"returns_yearly":{"2021":45.3,"2022":-22.7,"2023":41.5,"2024":20.3,"2025":-21.8,"2026":14.3}},{"slug":"waters","name":"워터스","name_en":"Waters Corporation","tier":3,"returns_yearly":{"2021":50.6,"2022":-8.1,"2023":-3.9,"2024":12.7,"2025":2.4,"2026":14.2}},{"slug":"entergy","name":"엔터지","name_en":"Entergy","tier":3,"returns_yearly":{"2021":17.1,"2022":3.6,"2023":-6.1,"2024":56,"2025":25.3,"2026":13.2}},{"slug":"kenvue","name":"켄뷰","name_en":"Kenvue Inc.","tier":3,"returns_yearly":{"2024":3.1,"2025":-15.9,"2026":12.4}},{"slug":"rockwell-automation","name":"로크웰 오토메이션","name_en":"Rockwell Automation, Inc.","tier":3,"returns_yearly":{"2021":41.2,"2022":-24.8,"2023":22.6,"2024":-6.2,"2025":38.4,"2026":12.3}},{"slug":"agilent-technologies","name":"애질런트 테크놀로지스","name_en":"Agilent Technologies, Inc.","tier":3,"returns_yearly":{"2021":35.5,"2022":-5.5,"2023":-6.4,"2024":-2.7,"2025":1.9,"2026":11.5}},{"slug":"illinois-tool-works","name":"일리노이 툴 웍스","name_en":"Illinois Tool Works Inc.","tier":3,"returns_yearly":{"2021":23.6,"2022":-8.5,"2023":21.6,"2024":-1,"2025":-0.4,"2026":11}},{"slug":"costco","name":"Costco Wholesale","name_en":"Costco Wholesale","tier":3,"returns_yearly":{"2021":51.8,"2022":-19,"2023":49,"2024":39.6,"2025":-5.4,"2026":10.3}},{"slug":"parker-hannifin","name":"파커하니핀","name_en":"Parker-Hannifin Corporation","tier":3,"returns_yearly":{"2021":18.3,"2022":-6.9,"2023":60.8,"2024":39.6,"2025":39.5,"2026":10.2}},{"slug":"automatic-data-processing","name":"오토매틱 데이터 프로세싱","name_en":"Automatic Data Processing, Inc.","tier":3,"returns_yearly":{"2021":42.6,"2022":-1.3,"2023":-0.2,"2024":28.4,"2025":-10.2,"2026":9.6}},{"slug":"hilton-worldwide","name":"힐튼 월드와이드","name_en":"Hilton Worldwide Holdings Inc.","tier":3,"returns_yearly":{"2021":40.2,"2022":-18.7,"2023":44.7,"2024":36.1,"2025":16.5,"2026":8.5}},{"slug":"cintas","name":"신타스","name_en":"Cintas Corporation","tier":3,"returns_yearly":{"2021":26.5,"2022":3,"2023":34.8,"2024":22.2,"2025":3.8,"2026":7.4}},{"slug":"3m","name":"3M","name_en":"3M Company","tier":3,"returns_yearly":{"2021":4.9,"2022":-29.6,"2023":-3.3,"2024":46.1,"2025":26.4,"2026":6.8}},{"slug":"recursion","name":"Recursion Pharmaceuticals","name_en":"Recursion Pharmaceuticals","tier":3,"returns_yearly":{"2022":-55,"2023":27.9,"2024":-31.4,"2025":-39.5,"2026":6.6}},{"slug":"kraft-heinz","name":"크래프트 하인즈","name_en":"The Kraft Heinz Company","tier":3,"returns_yearly":{"2021":8,"2022":18.2,"2023":-5,"2024":-13,"2025":-16.3,"2026":6.1}},{"slug":"expedia-group","name":"익스피디아 그룹","name_en":"Expedia Group, Inc.","tier":3,"returns_yearly":{"2021":36.5,"2022":-51.5,"2023":73.3,"2024":22.8,"2025":53.3,"2026":5.8}},{"slug":"hubbell-incorporated","name":"허벨","name_en":"Hubbell Incorporated","tier":3,"returns_yearly":{"2021":35.6,"2022":15.1,"2023":42.4,"2024":28.9,"2025":7.4,"2026":4.7}},{"slug":"omnicom-group","name":"옴니콤 그룹","name_en":"Omnicom Group Inc.","tier":3,"returns_yearly":{"2021":21.9,"2022":15.7,"2023":9.6,"2024":2.5,"2025":-2.6,"2026":4.4}},{"slug":"xcel-energy","name":"엑셀 에너지","name_en":"Xcel Energy","tier":3,"returns_yearly":{"2021":4.4,"2022":6.4,"2023":-8.7,"2024":12.3,"2025":13.9,"2026":4.1}},{"slug":"honeywell-technologies","name":"하니웰 테크놀로지스","name_en":"Honeywell Technologies","tier":3,"returns_yearly":{"2021":-0.3,"2022":4.9,"2023":0,"2024":10,"2025":-6.4,"2026":3.8}},{"slug":"firstenergy","name":"퍼스트에너지","name_en":"FirstEnergy","tier":3,"returns_yearly":{"2021":41.8,"2022":4.8,"2023":-8.9,"2024":13.2,"2025":17.3,"2026":3.5}},{"slug":"wec-energy-group","name":"WEC 에너지 그룹","name_en":"WEC Energy Group","tier":3,"returns_yearly":{"2021":8.7,"2022":-0.5,"2023":-7,"2024":16.1,"2025":16,"2026":3.1}},{"slug":"eversource-energy","name":"에버소스 에너지","name_en":"Eversource Energy","tier":3,"returns_yearly":{"2021":8.2,"2022":-5.1,"2023":-23.4,"2024":-2.5,"2025":22.9,"2026":1}},{"slug":"walmart","name":"Walmart Inc","name_en":"Walmart Inc","tier":3,"returns_yearly":{"2021":2,"2022":-0.5,"2023":12.9,"2024":74,"2025":24.5,"2026":0.6}},{"slug":"ralph-lauren","name":"랄프 로렌","name_en":"Ralph Lauren Corporation","tier":3,"returns_yearly":{"2021":16.7,"2022":-8.4,"2023":39.8,"2024":62.9,"2025":55,"2026":-0.2}},{"slug":"dover","name":"도버","name_en":"Dover Corporation","tier":3,"returns_yearly":{"2021":45.7,"2022":-24.3,"2023":15.2,"2024":23.3,"2025":5.2,"2026":-0.5}},{"slug":"ingersoll-rand","name":"잉거솔 랜드","name_en":"Ingersoll Rand Inc.","tier":3,"returns_yearly":{"2021":35.8,"2022":-15.4,"2023":48.2,"2024":17.1,"2025":-12.3,"2026":-0.5}},{"slug":"mercadolibre","name":"MercadoLibre","name_en":"MercadoLibre, Inc.","tier":3,"returns_yearly":{"2021":-19.5,"2022":-37.2,"2023":85.7,"2024":8.2,"2025":18.5,"2026":-1.8}},{"slug":"hca-healthcare","name":"HCA 헬스케어","name_en":"HCA Healthcare, Inc.","tier":3,"returns_yearly":{"2021":57.6,"2022":-5.6,"2023":13.8,"2024":11.8,"2025":56.7,"2026":-2.9}},{"slug":"veralto","name":"베랄토","name_en":"Veralto Corporation","tier":3,"returns_yearly":{"2024":24.3,"2025":-1.6,"2026":-3.2}},{"slug":"resmed","name":"레스메드","name_en":"ResMed Inc.","tier":3,"returns_yearly":{"2021":23.4,"2022":-19.5,"2023":-16.5,"2024":34.2,"2025":6.3,"2026":-4.4}},{"slug":"meta","name":"메타 플랫폼스","name_en":"Meta Platforms","tier":3,"returns_yearly":{"2021":23.1,"2022":-64.2,"2023":194.1,"2024":66,"2025":13.1,"2026":-6.4}},{"slug":"doordash","name":"도어대시","name_en":"DoorDash, Inc.","tier":3,"returns_yearly":{"2022":-67.2,"2023":102.6,"2024":69.6,"2025":35,"2026":-6.5}},{"slug":"disney","name":"Disney","name_en":"The Walt Disney Company","tier":3,"returns_yearly":{"2021":-14.5,"2022":-43.9,"2023":4.3,"2024":24.4,"2025":3.3,"2026":-6.7}},{"slug":"uber","name":"Uber","name_en":"Uber","tier":3,"returns_yearly":{"2021":-17.8,"2022":-41,"2023":149,"2024":-2,"2025":35.5,"2026":-7.3}},{"slug":"roper-technologies","name":"로퍼 테크놀로지스","name_en":"Roper Technologies","tier":3,"returns_yearly":{"2021":14.7,"2022":-11.6,"2023":26.9,"2024":-4.1,"2025":-13.8,"2026":-7.9}},{"slug":"servicenow","name":"ServiceNow","name_en":"ServiceNow","tier":3,"returns_yearly":{"2021":17.9,"2022":-40.2,"2023":82,"2024":50.1,"2025":-27.7,"2026":-8}},{"slug":"planet-labs","name":"플래닛랩스","name_en":"Planet Labs","tier":3,"returns_yearly":{"2022":-29.3,"2023":-43.2,"2024":63.6,"2025":388.1,"2026":-8.1}},{"slug":"tapestry","name":"태피스트리","name_en":"Tapestry, Inc.","tier":3,"returns_yearly":{"2021":32.3,"2022":-3.3,"2023":0.2,"2024":82.8,"2025":98.7,"2026":-8.2}},{"slug":"axon-enterprise","name":"액손 엔터프라이즈","name_en":"Axon Enterprise, Inc.","tier":3,"returns_yearly":{"2021":28.1,"2022":5.7,"2023":55.7,"2024":130.1,"2025":-4.4,"2026":-9.2}},{"slug":"constellation-brands","name":"컨스텔레이션 브랜즈","name_en":"Constellation Brands, Inc.","tier":3,"returns_yearly":{"2021":16.1,"2022":-6.4,"2023":5.8,"2024":-7.1,"2025":-36,"2026":-9.2}},{"slug":"booking-holdings","name":"부킹 홀딩스","name_en":"Booking Holdings Inc.","tier":3,"returns_yearly":{"2021":7.7,"2022":-16,"2023":76,"2024":41.3,"2025":8.6,"2026":-9.3}},{"slug":"expand-energy","name":"익스팬드 에너지","name_en":"Expand Energy Corporation","tier":3,"returns_yearly":{"2022":62.3,"2023":-14.8,"2024":33.2,"2025":14.4,"2026":-9.7}},{"slug":"shopify","name":"Shopify","name_en":"Shopify","tier":3,"returns_yearly":{"2021":21.7,"2022":-74.8,"2023":124.4,"2024":36.5,"2025":51.4,"2026":-9.9}},{"slug":"autozone","name":"오토존","name_en":"AutoZone","tier":3,"returns_yearly":{"2021":76.8,"2022":17.6,"2023":4.8,"2024":23.8,"2025":5.9,"2026":-12}},{"slug":"salesforce","name":"세일즈포스","name_en":"Salesforce, Inc.","tier":3,"returns_yearly":{"2021":14.2,"2022":-47.8,"2023":98.5,"2024":27.8,"2025":-20.2,"2026":-12.9}},{"slug":"ge-healthcare","name":"GE 헬스케어","name_en":"GE HealthCare Technologies Inc.","tier":3,"returns_yearly":{"2024":1.3,"2025":5.1,"2026":-15.9}},{"slug":"verisk-analytics","name":"베리스크 애널리틱스","name_en":"Verisk Analytics","tier":3,"returns_yearly":{"2021":10.9,"2022":-22.3,"2023":36.2,"2024":16,"2025":-18.2,"2026":-16.5}},{"slug":"take-two-interactive","name":"테이크투 인터랙티브","name_en":"Take-Two Interactive Software, Inc.","tier":3,"returns_yearly":{"2021":-14.5,"2022":-41.4,"2023":54.6,"2024":14.4,"2025":39.1,"2026":-16.6}},{"slug":"abbott-laboratories","name":"애보트","name_en":"Abbott Laboratories","tier":3,"returns_yearly":{"2021":30.5,"2022":-20.7,"2023":2.3,"2024":4.8,"2025":12.9,"2026":-19}},{"slug":"stryker","name":"스트라이커","name_en":"Stryker Corporation","tier":3,"returns_yearly":{"2021":10.2,"2022":-7.4,"2023":23.8,"2024":21.3,"2025":-1.5,"2026":-20.4}},{"slug":"accenture","name":"액센츄어","name_en":"Accenture plc","tier":3,"returns_yearly":{"2021":60.7,"2022":-34.8,"2023":33.6,"2024":1.9,"2025":-22.6,"2026":-20.5}},{"slug":"idexx-laboratories","name":"아이덱스 래버러토리스","name_en":"IDEXX Laboratories, Inc.","tier":3,"returns_yearly":{"2021":31.7,"2022":-38,"2023":36.1,"2024":-25.5,"2025":63.6,"2026":-20.9}},{"slug":"fiserv","name":"파이서브","name_en":"Fiserv","tier":3,"returns_yearly":{"2021":-8.8,"2022":-2.6,"2023":31.4,"2024":54.6,"2025":-67.3,"2026":-21.1}},{"slug":"mcdonalds","name":"McDonald's","name_en":"McDonald's","tier":3,"returns_yearly":{"2021":27.8,"2022":0.5,"2023":15.1,"2024":0.1,"2025":7.9,"2026":-21.5}},{"slug":"comcast","name":"컴캐스트","name_en":"Comcast Corporation","tier":3,"returns_yearly":{"2021":-2.2,"2022":-28.7,"2023":29.1,"2024":-11.8,"2025":-17.3,"2026":-22.3}},{"slug":"otis-worldwide","name":"오티스 월드와이드","name_en":"Otis Worldwide Corporation","tier":3,"returns_yearly":{"2021":30.4,"2022":-8.8,"2023":16,"2024":5.2,"2025":-4,"2026":-23.2}},{"slug":"cognizant","name":"코그니전트","name_en":"Cognizant Technology Solutions Corporation","tier":3,"returns_yearly":{"2021":9.6,"2022":-34.5,"2023":34.4,"2024":3.5,"2025":9.7,"2026":-23.6}},{"slug":"adobe","name":"어도비","name_en":"Adobe Inc.","tier":3,"returns_yearly":{"2021":13.4,"2022":-40.7,"2023":77.3,"2024":-25.5,"2025":-21.3,"2026":-23.9}},{"slug":"autodesk","name":"오토데스크","name_en":"Autodesk, Inc.","tier":3,"returns_yearly":{"2021":-7.9,"2022":-33.5,"2023":30.3,"2024":21.4,"2025":0.1,"2026":-26.4}},{"slug":"lvmh","name":"LVMH","name_en":"LVMH Moet Hennessy Louis Vuitton","tier":3,"returns_yearly":{"2021":46.6,"2022":12.7,"2023":-1.8,"2024":-7.3,"2025":-20.4,"2026":-29.4}},{"slug":"coupang","name":"Coupang","name_en":"Coupang","tier":3,"returns_yearly":{"2022":-49.9,"2023":10.1,"2024":35.8,"2025":7.3,"2026":-35.2}},{"slug":"fair-isaac","name":"페어 아이작","name_en":"Fair Isaac Corporation","tier":3,"returns_yearly":{"2021":-15.1,"2022":38,"2023":94.5,"2024":71,"2025":-15.1,"2026":-44.9}},{"slug":"intuit","name":"인튜이트","name_en":"Intuit Inc.","tier":3,"returns_yearly":{"2021":70.3,"2022":-39.1,"2023":61.8,"2024":1.2,"2025":6.1,"2026":-53.7}},{"slug":"boston-scientific","name":"보스턴 사이언티픽","name_en":"Boston Scientific Corporation","tier":3,"returns_yearly":{"2021":18.2,"2022":8.9,"2023":24.9,"2024":54.5,"2025":6.8,"2026":-55.2}},{"slug":"applovin","name":"앱러빈","name_en":"AppLovin Corporation","tier":3,"returns_yearly":{"2022":-88.8,"2023":278.4,"2024":712.6,"2025":108.1,"2026":-58.9}},{"slug":"corteva","name":"코르테바","name_en":"Corteva, Inc.","tier":3,"returns_yearly":{"2021":23.6,"2022":25.6,"2023":-17.5,"2024":20.2,"2025":18.9,"2026":-80.1}},{"slug":"openai","name":"OpenAI","name_en":"OpenAI","tier":3,"returns_yearly":null},{"slug":"anthropic","name":"Anthropic","name_en":"Anthropic","tier":3,"returns_yearly":null},{"slug":"eog-resources","name":"EOG 리소스","name_en":"EOG Resources, Inc.","tier":2,"returns_yearly":{"2021":88.6,"2022":56.9,"2023":-2,"2024":4.3,"2025":-11.4,"2026":44.6}},{"slug":"baker-hughes","name":"베이커 휴즈","name_en":"Baker Hughes Company","tier":2,"returns_yearly":{"2021":19,"2022":26,"2023":18.6,"2024":23.1,"2025":13.4,"2026":25.9}},{"slug":"amazon","name":"아마존","name_en":"Amazon","tier":2,"returns_yearly":{"2021":2.4,"2022":-49.6,"2023":80.9,"2024":44.4,"2025":5.2,"2026":12}},{"slug":"alphabet","name":"알파벳 (구글)","name_en":"Alphabet (Google)","tier":2,"returns_yearly":{"2021":65.3,"2022":-39.1,"2023":58.3,"2024":36,"2025":66,"2026":8.3}},{"slug":"nextera-energy","name":"NextEra Energy","name_en":"NextEra Energy","tier":2,"returns_yearly":{"2021":23.4,"2022":-8.5,"2023":-25.3,"2024":21.5,"2025":15.5,"2026":6.2}},{"slug":"duke-energy","name":"듀크 에너지","name_en":"Duke Energy Corporation","tier":2,"returns_yearly":{"2021":19.1,"2022":2,"2023":-1.6,"2024":15.6,"2025":12.7,"2026":5.3}},{"slug":"ameren","name":"아메렌","name_en":"Ameren Corporation","tier":2,"returns_yearly":{"2021":17.1,"2022":2.5,"2023":-16.1,"2024":27.5,"2025":15.3,"2026":4.5}},{"slug":"microsoft","name":"마이크로소프트","name_en":"Microsoft","tier":2,"returns_yearly":{"2021":52.5,"2022":-28,"2023":58.2,"2024":12.9,"2025":15.6,"2026":4}},{"slug":"ppl","name":"PPL 코퍼레이션","name_en":"PPL Corporation","tier":2,"returns_yearly":{"2021":12.9,"2022":0.4,"2023":-3.8,"2024":24,"2025":11.4,"2026":1.8}},{"slug":"nrg-energy","name":"NRG 에너지","name_en":"NRG Energy","tier":2,"returns_yearly":{"2021":18.5,"2022":-23.5,"2023":69.4,"2024":78.6,"2025":78.9,"2026":-31.5}},{"slug":"ge-vernova","name":"GE Vernova","name_en":"GE Vernova","tier":1,"returns_yearly":{"2025":99,"2026":54}},{"slug":"bank-of-america","name":"Bank of America","name_en":"Bank of America","tier":1,"returns_yearly":{"2021":49.6,"2022":-23.8,"2023":4.8,"2024":33.9,"2025":28,"2026":0.3}},{"slug":"netflix","name":"Netflix","name_en":"Netflix","tier":1,"returns_yearly":{"2021":11.4,"2022":-51.1,"2023":65.1,"2024":83.1,"2025":5.2,"2026":-16.5}}],"benefiting":[{"slug":"amazon","name":"아마존","name_en":"Amazon","tier":1,"returns_yearly":{"2021":2.4,"2022":-49.6,"2023":80.9,"2024":44.4,"2025":5.2,"2026":12}},{"slug":"sandisk","name":"샌디스크","name_en":"SanDisk","tier":2,"returns_yearly":{"2026":633}},{"slug":"seagate","name":"Seagate","name_en":"Seagate Technology","tier":2,"returns_yearly":{"2021":87.5,"2022":-51.4,"2023":69.1,"2024":4.1,"2025":225.3,"2026":209.1}},{"slug":"marvell","name":"Marvell","name_en":"Marvell","tier":2,"returns_yearly":{"2021":84.6,"2022":-57.5,"2023":63.7,"2024":83.8,"2025":-22.8,"2026":163.4}},{"slug":"astera-labs","name":"Astera Labs","name_en":"Astera Labs","tier":2,"returns_yearly":{"2025":25.6,"2026":105.7}},{"slug":"wiwynn","name":"Wiwynn","name_en":"Wiwynn","tier":2,"returns_yearly":{"2021":24.7,"2022":-22.3,"2023":206.4,"2024":3.5,"2025":64.4,"2026":92.3}},{"slug":"corning","name":"Corning","name_en":"Corning","tier":2,"returns_yearly":{"2021":5.9,"2022":-11.6,"2023":-1.2,"2024":60.6,"2025":87.8,"2026":77.2}},{"slug":"ge-vernova","name":"GE Vernova","name_en":"GE Vernova","tier":2,"returns_yearly":{"2025":99,"2026":54}},{"slug":"occidental-petroleum","name":"옥시덴탈 페트롤리엄","name_en":"Occidental Petroleum","tier":2,"returns_yearly":{"2021":67.7,"2022":119.1,"2023":-4.1,"2024":-15.9,"2025":-14.9,"2026":48.2}},{"slug":"arista","name":"Arista Networks","name_en":"Arista Networks","tier":2,"returns_yearly":{"2021":97.9,"2022":-15.6,"2023":94.1,"2024":87.7,"2025":18.5,"2026":47.9}},{"slug":"caterpillar","name":"Caterpillar","name_en":"Caterpillar","tier":2,"returns_yearly":{"2021":16,"2022":18.6,"2023":25.9,"2024":24.7,"2025":60.3,"2026":40.6}},{"slug":"alchip","name":"알칩","name_en":"Alchip Technologies","tier":2,"returns_yearly":{"2021":14.3,"2022":-8.7,"2023":365.1,"2024":-18.9,"2025":0.8,"2026":40.1}},{"slug":"fedex","name":"페덱스","name_en":"FedEx","tier":2,"returns_yearly":{"2021":0.7,"2022":-31.6,"2023":49.1,"2024":13.5,"2025":5.1,"2026":39.6}},{"slug":"ciena","name":"Ciena","name_en":"Ciena","tier":2,"returns_yearly":{"2021":45.6,"2022":-33.8,"2023":-11.7,"2024":88.4,"2025":175.8,"2026":37.3}},{"slug":"globalstar","name":"글로벌스타","name_en":"Globalstar","tier":2,"returns_yearly":{"2021":241.2,"2022":14.7,"2023":45.9,"2024":6.7,"2025":96.6,"2026":37.3}},{"slug":"jabil","name":"자빌","name_en":"Jabil","tier":2,"returns_yearly":{"2021":66.4,"2022":-2.5,"2023":87.4,"2024":13.3,"2025":58.7,"2026":36.3}},{"slug":"eaton","name":"Eaton","name_en":"Eaton","tier":2,"returns_yearly":{"2021":46.7,"2022":-7.2,"2023":56.2,"2024":39.5,"2025":-2.8,"2026":36}},{"slug":"digital-realty","name":"Digital Realty","name_en":"Digital Realty","tier":2,"returns_yearly":{"2021":30.7,"2022":-41,"2023":39.9,"2024":35.9,"2025":-10.1,"2026":23.4}},{"slug":"celestica","name":"Celestica","name_en":"Celestica","tier":2,"returns_yearly":{"2021":37.9,"2022":1.3,"2023":159.8,"2024":215.2,"2025":220.3,"2026":22.5}},{"slug":"quanta","name":"Quanta","name_en":"Quanta Computer","tier":2,"returns_yearly":{"2021":22.2,"2022":-12.8,"2023":254.5,"2024":12.7,"2025":8.9,"2026":21.2}},{"slug":"credo","name":"크레도","name_en":"Credo Technology","tier":2,"returns_yearly":{"2023":46.3,"2024":245.2,"2025":114.1,"2026":18.5}},{"slug":"abb","name":"ABB","name_en":"ABB","tier":2,"returns_yearly":{"2021":23.9,"2022":7.3,"2023":18.9,"2024":39,"2025":36.1,"2026":18.4}},{"slug":"church-dwight","name":"처치 앤 드와이트","name_en":"Church & Dwight Co., Inc.","tier":2,"returns_yearly":{"2021":18.9,"2022":-20.4,"2023":18.7,"2024":12,"2025":-18.9,"2026":18.1}},{"slug":"foxconn","name":"Foxconn","name_en":"Foxconn (Hon Hai)","tier":2,"returns_yearly":{"2021":-5.1,"2022":2.8,"2023":7.8,"2024":80.1,"2025":26.9,"2026":16.3}},{"slug":"norfolk-southern","name":"노퍽 서던","name_en":"Norfolk Southern","tier":2,"returns_yearly":{"2021":27.3,"2022":-15.6,"2023":-1.6,"2024":1.6,"2025":25.6,"2026":15.6}},{"slug":"colgate-palmolive","name":"콜게이트파몰리브","name_en":"Colgate-Palmolive Company","tier":2,"returns_yearly":{"2021":2.1,"2022":-5.4,"2023":3.8,"2024":16.6,"2025":-11,"2026":14.4}},{"slug":"entergy","name":"엔터지","name_en":"Entergy","tier":2,"returns_yearly":{"2021":17.1,"2022":3.6,"2023":-6.1,"2024":56,"2025":25.3,"2026":13.2}},{"slug":"schneider-electric","name":"Schneider Electric","name_en":"Schneider Electric","tier":2,"returns_yearly":{"2021":25.9,"2022":1.6,"2023":25.8,"2024":36.1,"2025":0.5,"2026":11.7}},{"slug":"cummins","name":"Cummins","name_en":"Cummins","tier":2,"returns_yearly":{"2021":-1.7,"2022":14.1,"2023":1.7,"2024":48.9,"2025":49.4,"2026":11}},{"slug":"united-parcel-service","name":"유나이티드 파셀 서비스","name_en":"United Parcel Service, Inc.","tier":2,"returns_yearly":{"2021":30,"2022":-16.2,"2023":-6,"2024":-15.9,"2025":-15.9,"2026":8}},{"slug":"procter-gamble","name":"Procter & Gamble","name_en":"Procter & Gamble","tier":2,"returns_yearly":{"2021":20.5,"2022":-5,"2023":-0.9,"2024":17.3,"2025":-12.3,"2026":4.5}},{"slug":"ameren","name":"아메렌","name_en":"Ameren Corporation","tier":2,"returns_yearly":{"2021":17.1,"2022":2.5,"2023":-16.1,"2024":27.5,"2025":15.3,"2026":4.5}},{"slug":"omnicom-group","name":"옴니콤 그룹","name_en":"Omnicom Group Inc.","tier":2,"returns_yearly":{"2021":21.9,"2022":15.7,"2023":9.6,"2024":2.5,"2025":-2.6,"2026":4.4}},{"slug":"talen-energy","name":"Talen Energy","name_en":"Talen Energy","tier":2,"returns_yearly":{"2024":214.8,"2025":86.1,"2026":1}},{"slug":"est-e-lauder-companies","name":"에스티 로더","name_en":"The Estée Lauder Companies Inc.","tier":2,"returns_yearly":{"2021":40,"2022":-32.3,"2023":-40.1,"2024":-47.6,"2025":42.1,"2026":0.2}},{"slug":"amorepacific","name":"아모레퍼시픽","name_en":"Amorepacific","tier":2,"returns_yearly":{"2021":-30.1,"2022":-5.7,"2023":-18.4,"2024":9.9,"2025":8.2,"2026":-1.2}},{"slug":"exelon","name":"엑셀론","name_en":"Exelon","tier":2,"returns_yearly":{"2021":41.5,"2022":8.3,"2023":-14,"2024":9.2,"2025":20,"2026":-1.5}},{"slug":"vistra","name":"Vistra","name_en":"Vistra","tier":2,"returns_yearly":{"2021":19.6,"2022":5.1,"2023":70.7,"2024":261.5,"2025":17.7,"2026":-7.2}},{"slug":"fabrinet","name":"Fabrinet","name_en":"Fabrinet","tier":2,"returns_yearly":{"2021":52.7,"2022":8.2,"2023":48.4,"2024":15.5,"2025":107.1,"2026":-10.5}},{"slug":"ionq","name":"IonQ","name_en":"IonQ","tier":2,"returns_yearly":{"2022":-79.3,"2023":259.1,"2024":237.1,"2025":7.4,"2026":-11.9}},{"slug":"abbott-laboratories","name":"애보트","name_en":"Abbott Laboratories","tier":2,"returns_yearly":{"2021":30.5,"2022":-20.7,"2023":2.3,"2024":4.8,"2025":12.9,"2026":-19}},{"slug":"qubt","name":"Quantum Computing Inc","name_en":"Quantum Computing Inc","tier":2,"returns_yearly":{"2021":-75.8,"2022":-55.7,"2023":-39.5,"2024":1712.7,"2025":-38,"2026":-27.5}},{"slug":"nike","name":"Nike","name_en":"Nike","tier":2,"returns_yearly":{"2021":18.7,"2022":-29,"2023":-6,"2024":-29.1,"2025":-13.8,"2026":-44.1}},{"slug":"d-wave","name":"D-Wave Quantum","name_en":"D-Wave Quantum","tier":2,"returns_yearly":{"2022":-85.3,"2023":-38.9,"2024":854.5,"2025":211.3,"2026":-44.3}},{"slug":"anthropic","name":"Anthropic","name_en":"Anthropic","tier":2,"returns_yearly":null},{"slug":"cerebras","name":"Cerebras","name_en":"Cerebras Systems","tier":2,"returns_yearly":null},{"slug":"arianegroup","name":"아리안그룹","name_en":"ArianeGroup","tier":2,"returns_yearly":null},{"slug":"samsung-electro-mechanics","name":"삼성전기","name_en":"Samsung Electro-Mechanics","tier":3,"returns_yearly":{"2021":-11.8,"2022":-18.5,"2023":-1.4,"2024":-2.5,"2025":110,"2026":402.2}},{"slug":"arm","name":"Arm Holdings","name_en":"Arm Holdings","tier":3,"returns_yearly":{"2024":64.2,"2025":-11.4,"2026":143.6}},{"slug":"murata","name":"Murata","name_en":"Murata Manufacturing","tier":3,"returns_yearly":{"2021":-14,"2022":-11.7,"2023":24.7,"2024":-16.5,"2025":29.9,"2026":131.5}},{"slug":"lam-research","name":"램리서치","name_en":"Lam Research","tier":3,"returns_yearly":{"2021":53.7,"2022":-40.7,"2023":88.6,"2024":-6.8,"2025":139.2,"2026":86.8}},{"slug":"sk-hynix","name":"SK하이닉스","name_en":"SK hynix","tier":3,"returns_yearly":{"2021":-0.4,"2022":-25.6,"2023":53.9,"2024":48.6,"2025":361.1,"2026":85.3}},{"slug":"illumina","name":"Illumina","name_en":"Illumina","tier":3,"returns_yearly":{"2021":2.8,"2022":-46.9,"2023":-31.1,"2024":-1.3,"2025":-1.8,"2026":66.4}},{"slug":"samsung-electronics","name":"삼성전자","name_en":"Samsung Electronics","tier":3,"returns_yearly":{"2021":-9,"2022":-14.2,"2023":20.9,"2024":-26.4,"2025":212.9,"2026":63.8}},{"slug":"delta-electronics","name":"Delta Electronics","name_en":"Delta Electronics","tier":3,"returns_yearly":{"2021":-3.4,"2022":10.4,"2023":-0.3,"2024":59.2,"2025":183.8,"2026":61.9}},{"slug":"asml","name":"ASML","name_en":"ASML","tier":3,"returns_yearly":{"2021":64.1,"2022":-30.5,"2023":39.9,"2024":-7.7,"2025":55.8,"2026":61.1}},{"slug":"tokyo-electron","name":"도쿄일렉트론","name_en":"Tokyo Electron (TEL)","tier":3,"returns_yearly":{"2021":40.4,"2022":-14.5,"2023":89.8,"2024":-4.4,"2025":61.6,"2026":57.4}},{"slug":"nucor","name":"뉴코","name_en":"Nucor Corporation","tier":3,"returns_yearly":{"2021":118.4,"2022":17.4,"2023":33.8,"2024":-32,"2025":42,"2026":54.7}},{"slug":"mda-space","name":"MDA 스페이스","name_en":"MDA Space","tier":3,"returns_yearly":{"2022":-32.6,"2023":80,"2024":156.3,"2025":-9.8,"2026":50.8}},{"slug":"tsmc","name":"TSMC","name_en":"TSMC","tier":3,"returns_yearly":{"2021":12.1,"2022":-36.7,"2023":42.3,"2024":92.6,"2025":55.9,"2026":50.3}},{"slug":"sumitomo-electric","name":"Sumitomo Electric","name_en":"Sumitomo Electric","tier":3,"returns_yearly":{"2021":11.4,"2022":6.3,"2023":30.8,"2024":52.9,"2025":139,"2026":43.2}},{"slug":"wabtec","name":"웹텍","name_en":"Wabtec Corporation","tier":3,"returns_yearly":{"2021":26.5,"2022":9.1,"2023":28,"2024":50.1,"2025":13.2,"2026":34.2}},{"slug":"united-rentals","name":"유나이티드 렌탈스","name_en":"United Rentals","tier":3,"returns_yearly":{"2021":43.3,"2022":7,"2023":63.6,"2024":24,"2025":15.9,"2026":31.3}},{"slug":"amphenol","name":"Amphenol","name_en":"Amphenol","tier":3,"returns_yearly":{"2021":34.9,"2022":-12,"2023":31.5,"2024":41.3,"2025":96.1,"2026":29.8}},{"slug":"international-flavors-fragrances","name":"인터내셔널 플레이버스 앤 프래그런스","name_en":"International Flavors & Fragrances","tier":3,"returns_yearly":{"2021":41.5,"2022":-28.3,"2023":-19.5,"2024":6.3,"2025":-18.4,"2026":27.5}},{"slug":"dow","name":"다우","name_en":"Dow Inc.","tier":3,"returns_yearly":{"2021":6.8,"2022":-6.6,"2023":14.7,"2024":-22.8,"2025":-37.4,"2026":25.7}},{"slug":"williams","name":"Williams","name_en":"Williams Companies","tier":3,"returns_yearly":{"2021":38.4,"2022":32.8,"2023":11.9,"2024":62.3,"2025":14.9,"2026":25.2}},{"slug":"nvidia","name":"NVIDIA","name_en":"NVIDIA","tier":3,"returns_yearly":{"2021":125.5,"2022":-50.3,"2023":239,"2024":171.2,"2025":38.9,"2026":23.2}},{"slug":"union-pacific","name":"유니언 퍼시픽","name_en":"Union Pacific Corporation","tier":3,"returns_yearly":{"2021":23.3,"2022":-15.9,"2023":21.6,"2024":-5.1,"2025":3.9,"2026":22.1}},{"slug":"sk-telecom","name":"SK텔레콤","name_en":"SK Telecom","tier":3,"returns_yearly":{"2021":7.9,"2022":-12,"2023":15.8,"2024":15.5,"2025":37.5,"2026":18}},{"slug":"coreweave","name":"CoreWeave","name_en":"CoreWeave","tier":3,"returns_yearly":{"2026":14.6}},{"slug":"cadence","name":"Cadence Design Systems","name_en":"Cadence Design Systems","tier":3,"returns_yearly":{"2021":36.6,"2022":-13.8,"2023":69.6,"2024":10.3,"2025":4,"2026":12.9}},{"slug":"synopsys","name":"Synopsys","name_en":"Synopsys","tier":3,"returns_yearly":{"2021":42.1,"2022":-13.4,"2023":61.3,"2024":-5.7,"2025":-3.2,"2026":8.6}},{"slug":"alphabet","name":"알파벳 (구글)","name_en":"Alphabet (Google)","tier":3,"returns_yearly":{"2021":65.3,"2022":-39.1,"2023":58.3,"2024":36,"2025":66,"2026":8.3}},{"slug":"nextera-energy","name":"NextEra Energy","name_en":"NextEra Energy","tier":3,"returns_yearly":{"2021":23.4,"2022":-8.5,"2023":-25.3,"2024":21.5,"2025":15.5,"2026":6.2}},{"slug":"broadcom","name":"Broadcom","name_en":"Broadcom","tier":3,"returns_yearly":{"2021":56.5,"2022":-13.3,"2023":104.2,"2024":110.5,"2025":50.6,"2026":5}},{"slug":"airbus","name":"에어버스","name_en":"Airbus","tier":3,"returns_yearly":{"2021":34.8,"2022":3.9,"2023":30.5,"2024":15,"2025":18.3,"2026":4.8}},{"slug":"blackrock","name":"BlackRock","name_en":"BlackRock","tier":3,"returns_yearly":{"2021":29.4,"2022":-20.4,"2023":17.9,"2024":29.3,"2025":6.6,"2026":2.8}},{"slug":"centerpoint-energy","name":"센터포인트 에너지","name_en":"CenterPoint Energy","tier":3,"returns_yearly":{"2021":32.4,"2022":10,"2023":-2.1,"2024":14.3,"2025":23.7,"2026":2.4}},{"slug":"siemens-energy","name":"Siemens Energy","name_en":"Siemens Energy","tier":3,"returns_yearly":{"2021":-35.4,"2022":-2.7,"2023":-27,"2024":314.2,"2025":149.9,"2026":1.8}},{"slug":"spacex","name":"스페이스X","name_en":"SpaceX","tier":3,"returns_yearly":{"2026":0.7}},{"slug":"boeing","name":"보잉","name_en":"Boeing","tier":3,"returns_yearly":{"2021":-6,"2022":-5.4,"2023":36.8,"2024":-32.1,"2025":22.7,"2026":-2.2}},{"slug":"hoya","name":"호야","name_en":"Hoya Corporation","tier":3,"returns_yearly":{"2021":10.8,"2022":-3,"2023":34.4,"2024":11.3,"2025":24.9,"2026":-2.5}},{"slug":"te-connectivity","name":"TE Connectivity","name_en":"TE Connectivity","tier":3,"returns_yearly":{"2021":35.1,"2022":-27.7,"2023":24.6,"2024":3.5,"2025":61.1,"2026":-3}},{"slug":"cameco","name":"Cameco","name_en":"Cameco","tier":3,"returns_yearly":{"2021":63.2,"2022":4.3,"2023":90.5,"2024":19.5,"2025":78.4,"2026":-3.7}},{"slug":"fanuc","name":"FANUC","name_en":"FANUC","tier":3,"returns_yearly":{"2021":-16.5,"2022":4.4,"2023":-8.1,"2024":15.6,"2025":37.7,"2026":-4.5}},{"slug":"meta","name":"메타 플랫폼스","name_en":"Meta Platforms","tier":3,"returns_yearly":{"2021":23.1,"2022":-64.2,"2023":194.1,"2024":66,"2025":13.1,"2026":-6.4}},{"slug":"textron","name":"텍스트론","name_en":"Textron","tier":3,"returns_yearly":{"2021":59.9,"2022":-8.2,"2023":13.7,"2024":-4.8,"2025":14.1,"2026":-9.3}},{"slug":"shopify","name":"Shopify","name_en":"Shopify","tier":3,"returns_yearly":{"2021":21.7,"2022":-74.8,"2023":124.4,"2024":36.5,"2025":51.4,"2026":-9.9}},{"slug":"phison","name":"Phison","name_en":"Phison Electronics","tier":3,"returns_yearly":{"2021":26.8,"2022":-10.7,"2023":45.1,"2024":-6.7,"2025":418.3,"2026":-12.8}},{"slug":"avio","name":"아비오","name_en":"Avio","tier":3,"returns_yearly":{"2021":-9.9,"2022":-4.7,"2023":-17.1,"2024":98.4,"2025":117,"2026":-18.3}},{"slug":"hd-hyundai-electric","name":"HD Hyundai Electric","name_en":"HD Hyundai Electric","tier":3,"returns_yearly":{"2021":4.2,"2022":132.5,"2023":159.4,"2024":300.5,"2025":120.2,"2026":-31.3}},{"slug":"rigetti","name":"Rigetti Computing","name_en":"Rigetti Computing","tier":3,"returns_yearly":{"2022":-92.9,"2023":35.1,"2024":1449.2,"2025":45.2,"2026":-31.4}},{"slug":"ubtech","name":"UBTech","name_en":"UBTech Robotics","tier":3,"returns_yearly":{"2024":-21.6,"2025":95.4,"2026":-38.8}},{"slug":"siemens-eda","name":"Siemens EDA","name_en":"Siemens EDA","tier":3,"returns_yearly":null}],"analysis":"세일즈포스와 거의 같은 궤적을 그린다. 2023년 +65.0% 이후 2024 -6.5%·2025 -16.8%·2026 -8.8%로 3년 연속 마이너스다. 두 노드가 같은 방향으로 움직인다는 사실이 이 구간의 성격을 말해준다. 엔터프라이즈 SaaS는 AI 사슬의 수요 끝단이지만 2024년 이후 상승이 도달하지 않았고, 오히려 AI가 애플리케이션 계층을 대체할 수 있다는 우려가 배수를 눌렀다. 이 노드의 비용 구조가 그 우려의 실체를 보여준다. 10-K는 제3자 호스팅 인프라 구매확약으로 FY2027~2029 합계 10억 5,600만 달러(2027년 2.98억·2028년 4.14억·2029년 3.44억 달러)를 공시하지만 아마존과 알파벳 중 어디에 얼마인지는 밝히지 않는다. FY2026 매출 96억 달러 대비 이 확약은 작지 않은 고정비이고, AI 기능을 붙일수록 커지는 방향이다. 매출측은 Netflix·Bank of America·GE Vernova 같은 대형 고객으로 그래프에 붙는데, 이들의 2026년 수익률이 -16.5%·+15.2%·+44.4%로 제각각인 점이 중요하다. 고객 산업이 분산돼 있어 특정 사이클에 연동되지 않는다는 뜻이며, 방어적이지만 동시에 AI 사이클의 상승도 타지 못하는 구조다.","analysis_en":"Workday traces almost the same path as Salesforce: after +65.0% in 2023, it fell 6.5% in 2024, 16.8% in 2025 and 8.8% in 2026, three negative years running. That the two move together says something about the segment. Enterprise SaaS sits at the demand end of the AI chain, yet the move has not reached it since 2024; if anything, the fear that AI could displace the application layer has compressed the multiple. The cost structure shows what that fear is about. The 10-K discloses $1.056B of purchase commitments for third-party hosted infrastructure across FY2027-2029 ($298M, $414M and $344M), without saying how much sits with Amazon versus Alphabet. Against FY2026 revenue of $9.6B that is a meaningful fixed cost, and it grows as more AI features are added. On the revenue side it attaches to the graph through large customers such as Netflix, Bank of America and GE Vernova, whose 2026 returns diverge sharply at -16.5%, +15.2% and +44.4%. The customer base is spread across industries and so is not tied to any one cycle, which is defensive but also means it does not ride the AI cycle either.","analysis_asof":"2026-09-04"},"edges":[{"direction":"investment","counterparty":"Paradox","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2025-09-30","basis":"Paradox 인수 총 대가(기존 보유 지분 포함), FY2026 10-K 사업결합 노트","value":1063000000,"period":"2025-10-01 종결","basis_en":"Total purchase consideration for Paradox, inclusive of previously held equity interest, per FY2026 10-K business combinations note","qualifier":null},"note":"2025년 10월 1일 종결된 인수로, 기존 보유 지분을 포함한 총 인수 대가가 10억 6,300만 달러였다. Paradox는 대화형 AI 기반 채용 후보 경험(candidate experience) 기업으로, HiredScore(2024년 인수)와 결합해 워크데이 채용 제품군을 AI 기반 종단간 스위트로 확장한다. Paradox 역시 밸류체인 위키의 기존 노드가 아니라 비상장 인수 대상이다.","note_en":"This acquisition closed October 1, 2025, for total consideration of $1,063 million, inclusive of a previously held equity interest. Paradox is a conversational-AI candidate-experience company that, combined with HiredScore (acquired 2024), extends Workday's recruiting suite into an AI-powered end-to-end offering. Paradox is likewise not an existing wiki node; it is a formerly private acquisition target.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-03-06","url":"https://www.sec.gov/Archives/edgar/data/1327811/000132781126000014/wday-20260131.htm","title":"Workday, Inc. 10-K (2026-03-06)","title_en":"Workday, Inc. 10-K (2026-03-06)","excerpt":"Total purchase consideration, inclusive of previously held equity interest: $1,063 million (Paradox, as of September 30, 2025).","excerpt_en":"Total purchase consideration, inclusive of previously held equity interest: $1,063 million (Paradox, as of September 30, 2025)."},{"stance":"confirms","publisher":"Workday Newsroom","publisher_en":"Workday Newsroom","kind":"ir","lang":"en","published_at":"2025-10-01","url":"https://newsroom.workday.com/2025-10-01-Workday-Completes-Acquisition-of-Paradox","title":"Workday Completes Acquisition of Paradox","title_en":"Workday Completes Acquisition of Paradox","excerpt":"Workday completed its acquisition of Paradox, a candidate experience agent that uses conversational AI to simplify every step of the job application journey.","excerpt_en":"Workday completed its acquisition of Paradox, a candidate experience agent that uses conversational AI to simplify every step of the job application journey."}]},{"direction":"investment","counterparty":"Sana","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2025-11-30","basis":"Sana 인수 총 대가(기존 보유 지분 포함), FY2026 10-K 사업결합 노트","value":1055000000,"period":"2025-11-04 종결","basis_en":"Total purchase consideration for Sana, inclusive of previously held equity interest, per FY2026 10-K business combinations note","qualifier":null},"note":"2025년 11월 4일 종결된 인수로, 기존 보유 지분을 포함한 총 인수 대가가 10억 5,500만 달러였다. 사나(Sana)는 학습관리·AI 검색·에이전트 기술을 보유한 스웨덴계 AI 기업으로, 워크데이 학습 제품(Workday Learning)과 결합해 AI 네이티브 학습 플랫폼을 구성한다. Sana는 밸류체인 위키의 기존 노드가 아니라 비상장 인수 대상이다.","note_en":"This acquisition closed November 4, 2025, for total consideration of $1,055 million, inclusive of a previously held equity interest. Sana is a Sweden-linked AI company with learning-management, AI search and agent technology, which Workday is combining with Workday Learning to build an AI-native learning platform. Sana is not an existing wiki node; it is a formerly private acquisition target.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-03-06","url":"https://www.sec.gov/Archives/edgar/data/1327811/000132781126000014/wday-20260131.htm","title":"Workday, Inc. 10-K (2026-03-06)","title_en":"Workday, Inc. 10-K (2026-03-06)","excerpt":"Total purchase consideration, inclusive of previously held equity interest: $1,055 million (Sana, as of November 30, 2025).","excerpt_en":"Total purchase consideration, inclusive of previously held equity interest: $1,055 million (Sana, as of November 30, 2025)."},{"stance":"confirms","publisher":"Workday Newsroom","publisher_en":"Workday Newsroom","kind":"ir","lang":"en","published_at":"2025-11-04","url":"https://newsroom.workday.com/2025-11-04-Workday-Completes-Acquisition-of-Sana","title":"Workday Completes Acquisition of Sana","title_en":"Workday Completes Acquisition of Sana","excerpt":"Workday announced today that it has completed its acquisition of Sana, a leading AI company building the next generation of enterprise knowledge tools.","excerpt_en":"Workday announced today that it has completed its acquisition of Sana, a leading AI company building the next generation of enterprise knowledge tools."}]},{"direction":"revenue","counterparty":"Bank of America","counterparty_slug":"bank-of-america","confidence":"mid","metric":{"type":"amount","unit":"USD","as_of":"2026-09-05","basis":"워크데이 HCM 고객 관계 확인, 계약 금액 비공개","value":null,"period":"FY2026","basis_en":"Confirmed Workday HCM customer relationship; contract value not disclosed","qualifier":"confirmed_no_disclosed_value"},"note":"2016년 글로브뉴스와이어 보도자료가 뱅크오브아메리카의 워크데이 HCM 도입을 확인했고, 워크데이 뉴스룸의 최신 고객 목록에도 여전히 이름이 올라 있다. 두 출처 모두 계약 금액은 공개하지 않는다.","note_en":"A 2016 GlobeNewswire release confirmed Bank of America went live on Workday HCM, and it still appears on Workday's current newsroom customer list. Neither source discloses a contract value.","sources":[{"stance":"confirms","publisher":"Workday","publisher_en":"Workday","kind":"ir","lang":"en","published_at":"2026-09-05","url":"https://newsroom.workday.com/company-overview-customer-facts","title":"Workday Newsroom: Company Overview & Customer Facts","title_en":"Workday Newsroom: Company Overview & Customer Facts","excerpt":"Workday Human Capital Management customers include: Bank of America, Bayer AG, Carrefour ... (게시일 표기 없음, 접속일 기준)","excerpt_en":"\"Workday Human Capital Management customers include: Bank of America, Bayer AG, Carrefour ...\" (No explicit publish date; date reflects access date.)"},{"stance":"confirms","publisher":"GlobeNewswire (Workday press release)","publisher_en":"GlobeNewswire (Workday press release)","kind":"news","lang":"en","published_at":"2016-02-29","url":"https://www.globenewswire.com/news-release/2016/02/29/1270923/0/en/Industry-Leaders-Continue-to-Select-and-Deploy-Workday.html","title":"Industry Leaders Continue to Select and Deploy Workday","title_en":"Industry Leaders Continue to Select and Deploy Workday","excerpt":"Bank of America, one of the largest banks in the U.S. and globally, recently went live on Workday HCM.","excerpt_en":"Bank of America, one of the largest banks in the U.S. and globally, recently went live on Workday HCM."}]},{"direction":"cost","counterparty":"아마존","counterparty_slug":"amazon","confidence":"mid","metric":{"type":"amount","unit":"USD","as_of":"2024-07-11","basis":"AWS 파트너십 및 이용 사실은 10-K·AWS 발표에 공시되나 벤더별 지출액은 비공개","value":null,"period":"FY2026","basis_en":"AWS partnership and usage are disclosed in the 10-K and AWS announcements, but vendor-specific spend is not disclosed","qualifier":"confirmed_no_disclosed_value"},"note":"10-K는 AWS를 자사가 이용하는 퍼블릭 클라우드 제공사로 명시한다. 워크데이 애플리케이션은 2016년 다년 파트너십 이후 AWS 인프라에서 운영되고 있으며, 2024년에는 생성형 AI 기능 개발에 Amazon Bedrock·SageMaker를 활용하는 방향으로 파트너십을 확장했다. 다만 10-K는 벤더별 지출액을 공개하지 않는다. 10-K는 별도로 '제3자 호스팅 인프라 플랫폼'에 FY2027~2029 합계 10억 5,600만 달러의 구매확약을 공시했으나 벤더명을 특정하지 않아, 이 금액이 AWS분인지는 미확인이다(open_questions 참조).","note_en":"The 10-K names AWS as a public cloud provider Workday uses. Workday's applications have run on AWS infrastructure since a 2016 multi-year partnership, and in 2024 the companies expanded the partnership to use Amazon Bedrock and SageMaker for generative-AI feature development. The 10-K does not disclose vendor-specific spend. Separately, the 10-K discloses $1,056 million in aggregate FY2027-2029 purchase obligations for \"third-party hosted infrastructure platforms\" without naming a vendor, so whether any of that figure is attributable to AWS is unconfirmed (see open_questions).","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-03-06","url":"https://www.sec.gov/Archives/edgar/data/1327811/000132781126000014/wday-20260131.htm","title":"Workday, Inc. 10-K (2026-03-06)","title_en":"Workday, Inc. 10-K (2026-03-06)","excerpt":"Strategic partnerships with public cloud providers, including Amazon Web Services, Inc. (\"AWS\") and Google Cloud, allow our customers to innovate with modern cloud infrastructure services while reducing their committed spend on cloud.","excerpt_en":"Strategic partnerships with public cloud providers, including Amazon Web Services, Inc. (\"AWS\") and Google Cloud, allow our customers to innovate with modern cloud infrastructure services while reducing their committed spend on cloud."},{"stance":"confirms","publisher":"Amazon (AWS)","publisher_en":"Amazon (AWS)","kind":"ir","lang":"en","published_at":"2024-07-11","url":"https://press.aboutamazon.com/2024/7/aws-and-workday-expand-partnership-to-help-organizations-drive-productivity-improve-decision-making-and-develop-generative-ai-solutions","title":"AWS and Workday Expand Partnership to Help Organizations Drive Productivity, Improve Decision-Making, and Develop Generative AI Solutions","title_en":"AWS and Workday Expand Partnership to Help Organizations Drive Productivity, Improve Decision-Making, and Develop Generative AI Solutions","excerpt":"Workday is leveraging AWS services like Amazon Bedrock and SageMaker to help customers create job descriptions in minutes versus hours, analyze and correct contracts for more accurate revenue reporting. Running Workday on AWS will give Workday customers near-zero downtime maintenance windows.","excerpt_en":"Workday is leveraging AWS services like Amazon Bedrock and SageMaker to help customers create job descriptions in minutes versus hours, analyze and correct contracts for more accurate revenue reporting. Running Workday on AWS will give Workday customers near-zero downtime maintenance windows."},{"stance":"confirms","publisher":"itbrief.com.au","publisher_en":"itbrief.com.au","kind":"news","lang":"en","published_at":"2018-11-14","url":"https://itbrief.com.au/story/workday-customers-start-deployments-to-aws-infrastructure","title":"Workday customers start deployments to AWS infrastructure","title_en":"Workday customers start deployments to AWS infrastructure","excerpt":"Workday announced that all of their applications would run on Amazon Web Services (AWS), as part of a multi-year partnership, back in late 2016.","excerpt_en":"Workday announced that all of their applications would run on Amazon Web Services (AWS), as part of a multi-year partnership, back in late 2016."}]},{"direction":"cost","counterparty":"알파벳 (구글)","counterparty_slug":"alphabet","confidence":"mid","metric":{"type":"amount","unit":"USD","as_of":"2026-05-28","basis":"구글클라우드 파트너십 및 이용 사실은 10-K·보도자료에 공시되나 벤더별 지출액은 비공개","value":null,"period":"FY2026","basis_en":"Google Cloud partnership and usage are disclosed in the 10-K and press releases, but vendor-specific spend is not disclosed","qualifier":"confirmed_no_disclosed_value"},"note":"10-K는 구글클라우드를 자사가 이용하는 또 다른 퍼블릭 클라우드 제공사로 명시한다. 2021년 발표된 다년 파트너십에 따라 워크데이 재무관리·HCM·Adaptive Planning이 구글클라우드 인프라 위에 배포될 수 있으며, 2026년 5월에는 워크데이 에이전트와 구글클라우드 에이전트 플랫폼(제미나이 엔터프라이즈)을 연동하는 방향으로 파트너십이 확장됐다. 벤더별 지출액은 비공개다.","note_en":"The 10-K names Google Cloud as another public cloud provider Workday uses. Under a 2021 multi-year partnership, Workday Financial Management, HCM and Adaptive Planning can be deployed on Google Cloud's infrastructure, and in May 2026 the partnership was expanded to connect Workday's agents with Google Cloud's agent platform (Gemini Enterprise). Vendor-specific spend is not disclosed.","sources":[{"stance":"confirms","publisher":"Workday Newsroom","publisher_en":"Workday Newsroom","kind":"ir","lang":"en","published_at":"2026-05-28","url":"https://newsroom.workday.com/2026-05-28-Workday-and-Google-Cloud-Expand-Strategic-Partnership-to-Bring-AI-Agents-for-HR-and-Finance-Into-Employees-Daily-Workflows","title":"Workday and Google Cloud Expand Strategic Partnership to Bring AI Agents for HR and Finance Into Employees' Daily Workflows","title_en":"Workday and Google Cloud Expand Strategic Partnership to Bring AI Agents for HR and Finance Into Employees' Daily Workflows","excerpt":"Combining the Workday Agent System of Record (ASOR) and agent roadmap with Google Cloud's enterprise-ready agent platform and leading models, creating a single, trusted foundation where agents from both companies and third parties work together on real HR and finance workflows.","excerpt_en":"Combining the Workday Agent System of Record (ASOR) and agent roadmap with Google Cloud's enterprise-ready agent platform and leading models, creating a single, trusted foundation where agents from both companies and third parties work together on real HR and finance workflows."},{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-03-06","url":"https://www.sec.gov/Archives/edgar/data/1327811/000132781126000014/wday-20260131.htm","title":"Workday, Inc. 10-K (2026-03-06)","title_en":"Workday, Inc. 10-K (2026-03-06)","excerpt":"Strategic partnerships with public cloud providers, including Amazon Web Services, Inc. (\"AWS\") and Google Cloud, allow our customers to innovate with modern cloud infrastructure services while reducing their committed spend on cloud.","excerpt_en":"Strategic partnerships with public cloud providers, including Amazon Web Services, Inc. (\"AWS\") and Google Cloud, allow our customers to innovate with modern cloud infrastructure services while reducing their committed spend on cloud."},{"stance":"confirms","publisher":"PR Newswire","publisher_en":"PR Newswire","kind":"news","lang":"en","published_at":"2021-08-10","url":"https://www.prnewswire.com/news-releases/google-cloud-and-workday-announce-multi-year-strategic-partnership-to-digitally-transform-enterprises-around-the-world-301351721.html","title":"Google Cloud and Workday Announce Multi-Year, Strategic Partnership to Digitally Transform Enterprises Around the World","title_en":"Google Cloud and Workday Announce Multi-Year, Strategic Partnership to Digitally Transform Enterprises Around the World","excerpt":"Customers will be able to deploy Workday Financial Management, Workday Human Capital Management (HCM), and Workday Adaptive Planning all on Google Cloud's scalable and reliable infrastructure.","excerpt_en":"Customers will be able to deploy Workday Financial Management, Workday Human Capital Management (HCM), and Workday Adaptive Planning all on Google Cloud's scalable and reliable infrastructure."}]},{"direction":"revenue","counterparty":"코그니전트","counterparty_slug":"cognizant","confidence":"mid","metric":{"type":"amount","unit":"USD","as_of":"2025-08-13","basis":"Workday HCM·재무관리·급여 제품 이용 지출액","value":null,"period":"2025","basis_en":"Spending on Workday HCM, Financial Management, and payroll products","qualifier":"confirmed_no_disclosed_value"},"note":"워크데이는 코그니전트의 전 세계 사무소에 HCM과 재무관리 제품을 제공하고 코그니전트를 구현 파트너로도 두고 있으며 이용 지출액은 공개되지 않았다.","note_en":"Workday provides HCM and Financial Management products across Cognizant's global offices and also works with Cognizant as an implementation partner, while Cognizant's spending is undisclosed.","sources":[{"stance":"confirms","publisher":"HFS 리서치","publisher_en":"HFS Research","kind":"research","lang":"en","published_at":"2025-08-13","url":"https://assets.kpmg.com/content/dam/kpmgsites/xx/pdf/2026/01/hfs-hz-2025-workday-services.pdf","title":"HFS Horizons: Workday 서비스 2025","title_en":"HFS Horizons: Workday Services, 2025","excerpt":"HFS는 코그니전트가 Workday의 고객이자 구현 파트너, 공동 혁신자라고 평가했다.","excerpt_en":"Cognizant has been a Workday partner since 2007, with a uniquely embedded 360-degree relationship as a client, implementation partner, and co-innovator."}]},{"direction":"revenue","counterparty":"Netflix","counterparty_slug":"netflix","confidence":"low","metric":{"type":"amount","unit":"USD","as_of":"2026-09-05","basis":"워크데이 고객 관계 확인, 계약 금액 비공개","value":null,"period":"FY2026","basis_en":"Confirmed Workday customer relationship; contract value not disclosed","qualifier":"confirmed_no_disclosed_value"},"note":"워크데이 자체 고객사례 페이지와 뉴스룸 고객 목록에 넷플릭스가 재무관리(Financial Management) 고객으로 명시돼 있다. 구독 계약 금액은 공개되지 않았고, 독립된 제3자 매체의 확인은 찾지 못해 미확인으로 표기한다.","note_en":"Workday's own customer-story page and newsroom customer list name Netflix as a Financial Management customer. No subscription contract value is disclosed, and no independent third-party media confirmation was found, so this is flagged as unverified single-source.","sources":[{"stance":"confirms","publisher":"Workday","publisher_en":"Workday","kind":"ir","lang":"en","published_at":"2026-09-05","url":"https://newsroom.workday.com/company-overview-customer-facts","title":"Workday Newsroom: Company Overview & Customer Facts","title_en":"Workday Newsroom: Company Overview & Customer Facts","excerpt":"Workday Financial Management customers include: ... Netflix ... (FY26 실적 데이터 포함된 상시 갱신 페이지, 게시일 표기 없음)","excerpt_en":"\"Workday Financial Management customers include: ... Netflix ...\" (Rolling page containing FY26 figures; no explicit publish date shown.)"},{"stance":"confirms","publisher":"Workday","publisher_en":"Workday","kind":"ir","lang":"en","published_at":"2026-09-05","url":"https://www.workday.com/en-us/customer-stories/i-p/netflix-builds-new-apps-simplifying-it-infrastructure.html","title":"Netflix builds new apps while simplifying its IT infrastructure","title_en":"Netflix builds new apps while simplifying its IT infrastructure","excerpt":"Using Workday Extend to enhance our external PO process has helped us automate a critical path to close the books and perform our financial close more quickly. (페이지에 게시일 표기 없음, 접속일 기준)","excerpt_en":"\"Using Workday Extend to enhance our external PO process has helped us automate a critical path to close the books and perform our financial close more quickly.\" (No publish date shown on page; date reflects access date.)"}]},{"direction":"revenue","counterparty":"GE Vernova","counterparty_slug":"ge-vernova","confidence":"low","metric":{"type":"amount","unit":"USD","as_of":"2026-09-05","basis":"워크데이 HCM(Core HR) 고객 관계 확인, 계약 금액 비공개","value":null,"period":"FY2026","basis_en":"Confirmed Workday HCM (Core HR) customer relationship; contract value not disclosed","qualifier":"confirmed_no_disclosed_value"},"note":"워크데이 뉴스룸 고객 목록과 기업소프트웨어 도입 데이터베이스(appsruntheworld)가 모두 GE 버노바를 워크데이 HCM(Core HR) 고객으로 기록한다. 계약 금액은 공개되지 않았고 appsruntheworld는 독립 제3자 집계 자료로 정확도가 검증되지 않아 미확인으로 표기한다.","note_en":"Both Workday's newsroom customer list and the third-party enterprise-software deployment database appsruntheworld record GE Vernova as a Workday HCM (Core HR) customer. No contract value is disclosed, and appsruntheworld is an independently compiled but unverified database, so this is flagged as low confidence.","sources":[{"stance":"confirms","publisher":"Workday","publisher_en":"Workday","kind":"ir","lang":"en","published_at":"2026-09-05","url":"https://newsroom.workday.com/company-overview-customer-facts","title":"Workday Newsroom: Company Overview & Customer Facts","title_en":"Workday Newsroom: Company Overview & Customer Facts","excerpt":"Workday Human Capital Management customers include: ... GE Vernova ... (게시일 표기 없음, 접속일 기준)","excerpt_en":"\"Workday Human Capital Management customers include: ... GE Vernova ...\" (No explicit publish date; date reflects access date.)"},{"stance":"mentions","publisher":"테크42","publisher_en":"Tech42","kind":"news","lang":"ko","published_at":"2026-03-05","url":"https://www.tech42.co.kr/%EC%9B%8C%ED%81%AC%EB%8D%B0%EC%9D%B4-2026-%ED%9A%8C%EA%B3%84%EC%97%B0%EB%8F%84-%EB%A7%A4%EC%B6%9C-95%EC%96%B5-%EB%8B%AC%EB%9F%AC-%EB%8F%8C%ED%8C%8Cai-%ED%88%AC%EC%9E%90-%EA%B8%B0%EC%A1%B0/","title":"워크데이, 2026 회계연도 매출 95억 달러 돌파…AI 투자 기조 속 수익성도 개선","title_en":"Workday tops $9.5B in FY2026 revenue as profitability improves amid AI investment","excerpt":"연간 총매출은 95억5200만 달러(13조9636억원)로 전년 대비 13.1% 증가했다. 구독 매출은 88억3300만 달러로 14.5% 늘었다.","excerpt_en":"Annual total revenue reached $9.552 billion (KRW 13.9636 trillion), up 13.1% year over year. Subscription revenue rose 14.5% to $8.833 billion."},{"stance":"mentions","publisher":"Gartner (announced via PR Newswire)","publisher_en":"Gartner (announced via PR Newswire)","kind":"research","lang":"en","published_at":"2025-09-11","url":"https://www.prnewswire.com/news-releases/workday-named-a-leader-in-2025-gartner-magic-quadrant-for-cloud-hcm-suites-for-1-000-employee-enterprises-for-tenth-consecutive-year-302554161.html","title":"Workday Named a Leader in 2025 Gartner Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises for Tenth Consecutive Year","title_en":"Workday Named a Leader in 2025 Gartner Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises for Tenth Consecutive Year","excerpt":"Workday, Inc. has been named a Leader in the Gartner Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises for the tenth consecutive year, and was also positioned highest for Ability to Execute.","excerpt_en":"Workday, Inc. has been named a Leader in the Gartner Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises for the tenth consecutive year, and was also positioned highest for Ability to Execute."},{"stance":"mentions","publisher":"Apps Run The World","publisher_en":"Apps Run The World","kind":"analysis","lang":"en","published_at":"2021-01-01","url":"https://www.appsruntheworld.com/customers-database/purchases/view/ge-vernova-united-states-selects-workday-hcm-for-core-hr","title":"GE Vernova selects Workday HCM for Core HR","title_en":"GE Vernova selects Workday HCM for Core HR","excerpt":"GE Vernova, a United States-based Utilities organization, selected Workday HCM for Core HR while displacing legacy systems.","excerpt_en":"GE Vernova, a United States-based Utilities organization, selected Workday HCM for Core HR while displacing legacy systems."}]}]}