(Reuters) -Workday raised its annual subscription revenue forecast on Thursday, but an in-line outlook for the current quarter sent the human resources software provider’s shares down nearly 4% in extended trading.

Workday’s customers rely on the company’s single cloud-based platform, which provide applications to manage services including recruitment, payroll, accounting and audit.

In an uncertain economy, customers are tightening their spending on platforms like Workday as they reassess budgets and timing.

Workday’s AI-driven tools help organizations automate tasks such as screening job applications, scheduling interviews, and streamlining workforce planning.

The company on Thursday also announced it will buy Paradox, giving Workday an AI-powered talent acquisition suite to help cust

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