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Workday's Next-Gen AI Integration: Perfect Time to Buy the Dip?
MarketBeat· 2024-09-24 12:02
Workday Today WDAY Workday $245.03 -3.26 (-1.31%) 52-Week Range $199.81 ▼ $311.28 P/E Ratio 44.15 Price Target $286.48 Add to Watchlist Workday Inc. NASDAQ: WDAY is a leading cloud provider of human capital management (HCM) and finance applications for enterprises. Its artificial intelligence (AI) powered solutions enable companies to manage their workers and their money. The computer and technology sector leader is a newly minted Fortune 500 company and counts over 60% of the companies in the Fortune 500 a ...
Workday's AI Roadmap Now Adds An Extra 500bp To Margins
Seeking Alpha· 2024-09-23 17:10
I recently joined The REIT Forum and if you are looking for more investment ideas like this one, get them exclusively at The REIT Forum with access to our subscriber only portfolios. I last covered Workday (NASDAQ: WDAY ) in June, where I upgraded my rating from a "hold" to a "buy" after the stock had dropped close to 20% since the time of my first publication Amrita runs a boutique family office fund in beautiful Vancouver, where she leads the investment strategy for the family fund. The fund's objective i ...
The Josh Bersin Company Named Workday Innovation Partner
Prnewswire· 2024-09-19 13:06
OAKLAND, Calif., Sept. 19, 2024 /PRNewswire/ -- The world's most trusted human capital advisory firm, The Josh Bersin Company, today announced a partnership with Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money. Announced at Workday Rising, this partnership involves plans to integrate The Josh Bersin Company's market-leading AI-powered expert assistant, Galileo™, with Workday Human Capital Management (HCM). Workday HCM is a unified system that ...
Workday to Acquire Evisort for Improved AI Prowess: Stock to Gain?
ZACKS· 2024-09-18 16:00
Workday Inc. (WDAY) recently inked a definitive agreement to acquire the leading AI-based Document Intelligence Platform Evisort for an undisclosed amount. The transaction is expected to be completed by October 2024, subject to customary closing conditions. Enterprises across industries are generating a vast pool of data, which includes contracts, invoices and policy documents from daily operations. However, a significant portion of this information is unstructured, making it really difficult to categorize ...
Workday and Its Partners Launch 12 New Industry Accelerators to Help Customers Meet Industry-Specific Needs Faster
Prnewswire· 2024-09-18 13:00
Industry Accelerators for Banking, Healthcare, Higher Education, Professional Services, Retail and Hospitality, Technology and Media Sectors, and More Now Available LAS VEGAS, Sept. 18, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money, today launched 12 new Industry Accelerators to help customers rapidly modernize their HR and finance operations through the combined power of Workday and its partner ecosystem. The Workday I ...
Workday Ventures' Latest AI Investments Fuel Innovation for Workday Customers and the Industry
Prnewswire· 2024-09-18 13:00
Investments in Next-Generation AI Companies Reinforce Workday's Commitment to Elevating Humans and Supercharging Work LAS VEGAS, Sept. 18, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money, today announced continued AI momentum with Workday Ventures, the strategic capital arm of Workday, Inc. Workday Ventures has made 10 new AI investments since the beginning of 2023, as part of its focus on AI innovations that help organiz ...
It's Vegas, Baby: Systics Gives Workday Rising 2024 Attendees a Sneak Peek at Powerful New Tech
GlobeNewswire News Room· 2024-09-17 15:25
LAS VEGAS, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Systics, an exciting, new business venture founded by experienced Workday consultants, is set to unveil their highly-advanced, state-of-the-art technology to a select group of conference attendees and explain how it can seamlessly transform their Workday workflow. According to Systics Chief Empowerment Officer, Amber Lowry, "Many of today's professional Workday users are struggling to harness the true power of Workday's cloud-based services and solutions. They w ...
Workday, Inc. (WDAY) Goldman Sachs Communacopia + Technology Conference (Transcript)
2024-09-11 19:10
Summary of Workday, Inc. Conference Call Company Overview - **Company**: Workday, Inc. (NASDAQ: WDAY) - **Event**: Goldman Sachs Communacopia + Technology Conference - **Date**: September 11, 2024 - **Participants**: - Carl Eschenbach - CEO - Kasthuri Rangan - Goldman Sachs - Gili Naftalovich - Goldman Sachs Key Points Company Leadership and Strategy - Carl Eschenbach emphasizes the importance of collaboration and trust between him and Aneel Bhusri, the Executive Chairman, highlighting their complementary skill sets in driving company value [6][8] - Eschenbach's leadership approach focuses on speed, agility, and innovation, aiming to create a unified company culture [21][23] Financial Outlook - Workday aims for a **15% growth rate** through FY '27, with an expansion of operating margins to **30%** over the next few years [10][11] - The company has already expanded operating margins by **500 basis points** in the last two years and anticipates a **1,000 basis point** expansion over the next 4 to 4.5 years [10][11] Growth Drivers - Workday is expanding its growth envelope by targeting various market segments, including medium enterprises and international markets, where only **25%** of its business currently comes from outside the U.S. [15][46] - The company is focusing on full platform sales, integrating HR and financial solutions, which is particularly successful in sectors like healthcare and education [28][48] AI and Data Strategy - Workday positions itself as a leader in AI, leveraging a highly curated data set to drive business value for customers [29][37] - The company is actively discussing AI's role in enhancing user experience and operational efficiency with customers [26][63] Partner Ecosystem - Workday has developed a new partner strategy that has shown significant growth in pipeline and revenue generation [51][52] - Strategic partnerships, such as those with Equifax and Kainos, are enhancing Workday's offerings and market reach [52] Market Dynamics - The financial sector is still transitioning to the cloud, with only **30%** of financial systems currently cloud-based, presenting a significant opportunity for Workday [46] - Customers are increasingly looking for consolidation of software solutions to improve ROI and reduce total cost of ownership, which aligns with Workday's platform strategy [63] Innovation and M&A - Workday is committed to continuous innovation, supported by a strong balance sheet with **$7 billion** in cash for potential acquisitions [56] - The company is exploring tuck-in acquisitions that align with its growth strategy without being dilutive to earnings [57][59] Customer Engagement - Conversations with customers reveal a strong focus on talent retention and user experience in HR, as well as leveraging data for deeper financial insights [26][27] - Workday is addressing customer needs for improved efficiencies and AI integration in their operations [63] Additional Insights - The company is actively working on enhancing its operational capabilities and has made significant changes in leadership and talent acquisition to support its growth strategy [22][23] - Eschenbach's leadership style is characterized by a focus on creating a collaborative environment that encourages innovation and agility [21][23]
Watch These Workday Price Levels As Stock Soars on Strong Earnings
Investopedia· 2024-08-23 02:40
Key Takeaways Workday shares soared 11% in extended trading Thursday after the human resources and capital management software provider reported quarterly results that topped estimates and pointed to growth opportunities in international markets. The shares have carved out a double bottom between June and August, a well-known chart pattern that indicates an upside reversal after an extended downtrend. Investors should monitor important overhead price levels in Workday shares at $264, $279, and $306. Workday ...
WDAY Stock Earnings: Workday Beats EPS, Beats Revenue for Q2 2025
Investor Place· 2024-08-23 00:53
Workday (NASDAQ:WDAY) just reported results for the second quarter of 2025. Workday reported earnings per share of $1.75. This was above the analyst estimate for EPS of $1.65. The company reported revenue of $2.09 billion. This was 0.72% better than the analyst estimate for revenue of $2.07 billion. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, ...