Workday on Tuesday said it has agreed to buy artificial intelligence startup Sana in a $1.1 billion deal. The software maker hosts an analyst day for Workday stock late Tuesday.
Sana sells an AI-native platform for learning and knowledge management. Workday and other software makers are rolling out autonomous, goal-driven AI "agents" that complete tasks on their own.
Software industry incumbents such as Workday, ServiceNow and Salesforce continue to acquire AI startups. In earlier deals, Workday purchased Evisort, Flowise, Paradox, HiredMind and Plex.
Workday sells software for human resources management, such as payroll tools. About 70% of revenue comes from human capital management products. It has expanded into financial software. Slowing subscription revenue growth has pressured Workday stock.
The analyst day late Tuesday coincides with Workday Rising, an annual customer conference. Workday is expected to update guidance and its long-term strategy.
On the stock market today, Workday stock dipped a fraction to 221.31 in morning trading. In 2025, Workday stock has retreated about 12%.
Workday reported second-quarter earnings that topped Wall Street estimates, while revenue edged by views amid lowered expectations. Q2 earnings rose 71% to 84 cents per share. Workday's revenue climbed nearly 13% to $2.348 billion, including acquisitions. Analysts expected Workday to post earnings of 75 cents per share on revenue of $2.342 billion.
Workday Stock Technical Ratings
Workday stock holds a Composite Rating of 71 out of a best-possible 99, according to IBD Stock Checkup. IBD's Composite Rating combines five separate proprietary ratings into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better.
Meanwhile, Workday stock has an Accumulation/Distribution Rating of D+, according to IBD MarketSurge analysis. That rating analyzes price and volume changes in a stock over the past 13 weeks of trading.
Salesforce will host its annual Dreamforce conference on Oct. 14-16. At the event, more AI announcements are expected.
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