Signal log.

Salesforce reports strong Q1 FY2027 results with raised full-year revenue outlook, specifically citing "strong traction for its Agentforce AI platform," which directly evidences monetization of the agent SKU built on top of its CRM records substrate. This aligns with the thesis that Salesforce is successfully converting its SoR position into agent-economy revenue via structural AI offerings.

ServiceNow's AI bundle momentum indicates growing monetization of its agent SKU on top of its ITSM/workflow platform — directly evidencing the thesis that incumbent SoR owners are converting their records and structural verbs into agent revenue. Stronger bundle traction from BTIG checks supports the claim that NOW is successfully monetizing the records it already owns.

ServiceNow is expanding its agent-ready ITSM/workflow platform into cybersecurity and legacy system integration via Accenture and IBM partnerships, with AI-driven solutions that operationalize named structural verbs (cyber risk controls, incident workflows, migration actions) on its SoR substrate. This deepens ServiceNow's position as the enterprise control plane for agentic workflows, directly supporting its agent SKU monetization thesis.

A $10B, 10-year U.S. Army Enterprise Agreement for a "data overhaul" directly reinforces Palantir's position as a durable, queryable records substrate (P5) in the federal/regulated SoR bucket — exactly the kind of large-scale, auditable, compliance-driven data infrastructure the thesis identifies as agent-trust infrastructure. The long contract horizon and scale signal deep entrenchment of Palantir's structured data platform in a high-compliance environment.

Oracle's new Fusion AI supply chain apps automate inventory, supplier, and manufacturing workflows — these are named structural verbs (reorder, allocate, fulfil) operating over durable ERP records, directly reinforcing Oracle's position as an agent-ready SoR substrate in the ERP bucket. This is consistent with incumbent monetisation of existing records via agent SKUs.

Palantir's partnership with Nvidia to deploy sovereign AI models inside U.S. government classified environments reinforces its role as a durable, auditable, queryable records and data substrate for federal/regulated use cases (Bucket 10). Giving agencies sovereign control over model training and deployment deepens Palantir's position as the agent control plane within highly regulated SoR environments, directly supporting P5 (queryable, machine-readable history in controlled/classified settings).

ServiceNow expanding AI-powered cybersecurity services with Accenture deepens its ITSM/workflow platform as an agent-actionable substrate — security incident response maps directly to named structural verbs (detect, escalate, remediate) that agents can invoke. This extends ServiceNow's position as the control plane for enterprise security workflows, reinforcing the SoR thesis.

The ServiceNow-IBM partnership explicitly targets making legacy enterprise systems "AI-ready" by integrating structured infrastructure tooling (Ansible, Terraform, Vault, watsonx.data) into the ServiceNow AI Platform — directly reinforcing ServiceNow's role as the structural verb/workflow layer (P4) and control plane for agent-driven enterprise operations. This expands ServiceNow's substrate reach into IBM's installed base of legacy records and workflows.

Workday is expanding its human capital and financial management solutions portfolio with broader industry adoption — both HCM and financial management are core durable-record categories (people records, payroll, GL, AP/AR) that underpin the HRIS/payroll and ERP buckets in the thesis. Broader adoption and renewal growth reinforces Workday's incumbent SoR moat as customers consolidate onto its records platform.

PANW is a cybersecurity/network security platform, not a System-of-Record substrate (issue tracker, CRM, ITSM, ERP, HRIS, identity, data SoR, etc.). The AI security partnership with IBM and Red Hat expands its security product offerings, but this does not bear on any of the five SoR thesis pillars — PANW is not in the portfolio's ten SoR buckets.

ServiceNow and Accenture are jointly driving enterprise migration from legacy risk platforms onto ServiceNow's AI Platform, explicitly positioning it as an "agentic AI" control plane — directly reinforcing the thesis that ServiceNow's structured state-machine workflow engine (incidents, change requests, approval chains) becomes agent infrastructure. The automated migration offering removes adoption barriers, expanding the installed base of structured records available for agent consumption.

SailPoint acquiring Entro Security specifically to "secure agentic identities" directly reinforces the identity & permissions bucket (Bucket 8) of the thesis — ownership and permission state are the agent control plane. This move expands SailPoint's ability to manage who (or what agent) is responsible for actions, a core P3 attribute.

Oracle is embedding agentic applications directly into its Fusion Cloud SCM ERP, which is a canonical SoR (bucket 5 - ERP). The new agents are "outcome-driven" and "engineered for enterprise execution," operating over structured supply chain records (inventory, suppliers, manufacturing) with named operational verbs — directly monetizing the records Oracle already owns, consistent with the agent SKU thesis.

This is a routine earnings announcement scheduling notice for ADP, confirming Q4 FY2026 results will be released on July 29, 2026. It contains no information about ADP's HRIS/payroll SoR capabilities, agent integration, MCP, or any thesis pillar.

ServiceNow launching a joint AI-driven cyber risk management offering with Accenture extends its ITSM/workflow platform into structured, agentic risk management workflows — directly reinforcing its role as a records-rich SoR with named structural verbs (risk assessment, remediation, escalation). This deepens the agent-infrastructure moat in the ITSM/workflow bucket.

The headline is about Workday's valuation metrics (low P/E, EPS growth, ROIC) from a screening tool — this is generic financial analysis with no bearing on Workday's SoR/agent-economy posture or any of the five thesis pillars.

The headline explicitly groups CRM (Salesforce) alongside NOW, WDAY, and ADBE as software SoR incumbents rebounding as the OpenAI competitive threat weakens, directly supporting the thesis that records-rich platforms like Salesforce are not being displaced by AI/model providers. This reinforces the structural moat narrative for SoR incumbents.