EU and US could reach trade deal this weekend - Reuters
LAS VEGAS - Workday, Inc. (NASDAQ: WDAY), a leading AI platform for workforce and financial management with a market capitalization of $66.2 billion, announced a new suite of AI development tools at its annual Workday DevCon on Monday. The company, which has demonstrated strong revenue growth of approximately 15% over the last twelve months, is expanding its technological capabilities. According to InvestingPro data, 27 analysts have recently revised their earnings expectations upward, reflecting confidence in the company’s strategic direction. The tools are designed to enhance productivity and innovation for developers working on the Workday platform.
The newly introduced Agent Gateway allows developers to link third-party agents to Workday’s Agent System of Record, facilitating agent registration and inter-agent collaboration. Additionally, developers can join the Workday Agent Partner Network and feature their agents on the Workday Marketplace, providing customers with a range of agent options for their specific needs. This expansion aligns with Workday’s robust financial position, as InvestingPro analysis shows the company maintains more cash than debt on its balance sheet and its liquid assets exceed short-term obligations.
The release also includes AI Widgets, which developers can embed in apps to offer personalized AI assistance in HR and finance applications. These widgets can automate responses to common inquiries or guide users through various tasks.
Furthermore, Workday has expanded its AI Gateway APIs, enabling developers to incorporate Workday’s AI services into their applications. These services allow users to interact with reports and comprehend documents through natural language processing, such as automatic document classification and key information extraction.
Matthew Grippo, Senior Vice President of Core Software at Workday, highlighted the challenges developers face in creating AI applications and expressed that Workday’s new toolset aims to remove these obstacles by providing powerful AI capabilities for app and agent development.
In addition to these tools, Workday is enhancing Developer Copilot, a conversational AI that assists developers in coding. Developer Copilot is now capable of generating code snippets, data queries, API recommendations, and orchestrations, which can improve developer productivity by more than 50%. Workday also introduced Workday Developer CLI, a command-line interface tool to streamline development tasks and integrate Workday into DevOps workflows.
Workday’s Illuminate AI, built on a vast HR and financial dataset, provides the foundation for these new tools, aiming to transform business operations and manage an organization’s digital workforce.
The Agent Gateway and new AI services, AI Widgets, Developer Copilot enhancements, and Workday Developer CLI are expected to be generally available to customers by the end of 2025.
This announcement is based on a press release statement and provides a glimpse into how Workday is advancing AI development within the enterprise.
In other recent news, Workday reported its first-quarter results for fiscal year 2026, showing a 12.6% year-over-year increase in total revenue to $2.24 billion, which slightly surpassed consensus estimates. The company’s subscription revenue grew by 13.4%, also exceeding expectations, and its operating margin reached 30.2%, outperforming analyst predictions. Despite these positive results, Workday’s stock experienced a decline following the release, as the company provided a conservative outlook for the second quarter. JPMorgan adjusted its price target for Workday to $295 from $310, maintaining an Overweight rating, while Goldman Sachs increased its target to $300 from $275, keeping a Buy rating. DA Davidson raised its price target to $250 from $230, holding a Neutral rating, and Stifel reduced its target to $275 from $310, maintaining a Hold rating. Analysts highlighted Workday’s continued momentum in artificial intelligence (AI) as a key growth driver, with significant customer adoption of AI products. The company remains focused on expanding its offerings and leveraging AI to penetrate new markets. Workday’s fiscal year 2026 guidance indicates stable growth, with a subscription revenue outlook of approximately $8.8 billion and a total revenue outlook of $9.5 billion.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.