We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Can Workday's New Sana AI Solutions for Enterprises Boost Its Shares?
Read MoreHide Full Article
Key Takeaways
Workday launched Sana for ITSM and a Travel Agent, adding AI for HR, finance and IT workflows.
WDAY's Sana for ITSM automates onboarding, resets and access tasks using company data and policies.
WDAY's Travel Agent links booking, approvals and auto expense reports, boosting visibility into spending.
Workday, Inc. (WDAY - Free Report) has unveiled Sana for IT Service Management (ITSM) and a new Travel Agent to strengthen its artificial Intelligence (AI)-powered platform for HR, finance and IT. These new AI agents are designed to automate workplace tasks, improve employee productivity and simplify workflows by bringing multiple functions into a single conversational experience.
Built on Workday’s AI platform, Sana for ITSM helps organizations automate employee IT support tasks, which include onboarding, offboarding, password resets, software installation and access management. The solution uses company data and policies to handle requests automatically and improve workflow efficiency. It is expected to reduce manual IT helpdesk tasks while improving response times and productivity.
The company also launched a new Travel Agent that brings travel planning, booking, approvals and expense management into one platform. Employees can book flights and hotels, manage schedules and automatically create expense reports within the system. The solution is designed to simplify travel management and give finance teams better visibility into company spending.
Both AI tools follow Workday’s security policies and business processes. The initiative supports Workday’s strategy to grow its enterprise AI business and improve operational efficiency through automation.
How Competitors Are Advancing in Enterprise AI?
Workday faces competition from Oracle Corporation (ORCL - Free Report) and Automatic Data Processing, Inc. (ADP - Free Report) . Oracle is expanding its focus on enterprise AI through Oracle Cloud Infrastructure and AI-powered business applications. The company has introduced AI services and AI-powered business applications to help companies automate workflows and improve productivity. Oracle is adding AI features to its finance, supply chain and cloud applications to improve business operations.
ADP is strengthening its position in enterprise AI across HR and workforce management operations. The company is using AI tools to automate hiring, payroll, employee support and workforce analytics. ADP is adding generative AI features to improve productivity and decision-making for businesses.
View the Zacks #1 Rank List
Image: Bigstock
Can Workday's New Sana AI Solutions for Enterprises Boost Its Shares?
Key Takeaways
Workday, Inc. (WDAY - Free Report) has unveiled Sana for IT Service Management (ITSM) and a new Travel Agent to strengthen its artificial Intelligence (AI)-powered platform for HR, finance and IT. These new AI agents are designed to automate workplace tasks, improve employee productivity and simplify workflows by bringing multiple functions into a single conversational experience.
Built on Workday’s AI platform, Sana for ITSM helps organizations automate employee IT support tasks, which include onboarding, offboarding, password resets, software installation and access management. The solution uses company data and policies to handle requests automatically and improve workflow efficiency. It is expected to reduce manual IT helpdesk tasks while improving response times and productivity.
The company also launched a new Travel Agent that brings travel planning, booking, approvals and expense management into one platform. Employees can book flights and hotels, manage schedules and automatically create expense reports within the system. The solution is designed to simplify travel management and give finance teams better visibility into company spending.
Both AI tools follow Workday’s security policies and business processes. The initiative supports Workday’s strategy to grow its enterprise AI business and improve operational efficiency through automation.
How Competitors Are Advancing in Enterprise AI?
Workday faces competition from Oracle Corporation (ORCL - Free Report) and Automatic Data Processing, Inc. (ADP - Free Report) . Oracle is expanding its focus on enterprise AI through Oracle Cloud Infrastructure and AI-powered business applications. The company has introduced AI services and AI-powered business applications to help companies automate workflows and improve productivity. Oracle is adding AI features to its finance, supply chain and cloud applications to improve business operations.
ADP is strengthening its position in enterprise AI across HR and workforce management operations. The company is using AI tools to automate hiring, payroll, employee support and workforce analytics. ADP is adding generative AI features to improve productivity and decision-making for businesses.
Workday’s Price Performance, Valuation & Estimates
Workday shares have lost 46.5% over the past year compared with the industry’s decline of 12.4%.
Image Source: Zacks Investment Research
From a valuation standpoint, Workday trades at a forward price-to-sales ratio of 2.98, below the industry average of 3.79.
Image Source: Zacks Investment Research
Earnings estimates for fiscal 2027 have increased 0.1% to $10.55 over the past 60 days, while the same for fiscal 2028 have increased 0.2% to $12.34.
Image Source: Zacks Investment Research
Workday currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.