Asit Sharma

If you're working on, say, the hiring process within your company, you'll have agents that facilitate the hiring of new employees.

These are nice add-ons that will eventually increase the average revenue per unit, ARPU, of the company.

When ARPU grows, and I know that just sounds such a weird acronym to say out loud, but when ARPU grows and starts to accelerate, investors get excited.

Here's a company that everyone looks at as being a sleepy business, but it could surprise some of us with a bit of upside in the coming quarters.

The issue now is that investors are so focused on that part of the business that was soft, they're really not that excited about what the potential could be a year or three years or five years from today from the AI piece.

I'm going to go with Zscaler.

With a wide range, Dave laid out the case for why that range is probably wide.

I'm going to say they're going to land somewhere between 10% and 15% annualized growth.

I think they're capable of getting on up to 13% to 15%.

It won't be easy, as Dave points out.

But hey, when you can call out the rule of 78, no one even knows what that means.

Maybe they'll be up to the rule of 96 in a few years.

Well played!

Well played!

I think we know what it means.

Free cash flow margin plus revenue growth.

That being said, Workday's issue is that it's in two commodity businesses.

so human capital management and enterprise resource planning.

Those are going to be harder for it to get a leg up on this ever-competitive space.

But I do like what Dave said.