Welcome to our dedicated page for Workday news (Ticker: WDAY), a resource for investors and traders seeking the latest updates and insights on Workday stock.
Workday, Inc. (NASDAQ: WDAY) is a pioneering provider of enterprise cloud applications specializing in financial management, human capital management (HCM), and analytics solutions. Founded in 2005 and headquartered in Pleasanton, California, Workday serves over 10,500 organizations globally, ranging from medium-sized businesses to more than 60% of the Fortune 500.
Core Offerings:
- Financial Management: Robust solutions for financial planning, consolidation, reporting, and analytics.
- Human Capital Management: Comprehensive tools for managing the entire employee lifecycle, including recruitment, talent management, and payroll.
- Business Planning: Adaptive planning tools that enable organizations to streamline processes and improve business outcomes.
Workday sets itself apart as a cloud-only software provider, embedding artificial intelligence (AI) and machine learning (ML) into its applications. This innovation helps customers adapt to the rapidly changing business landscape by optimizing their human resources and financial operations.
Recent achievements include the announcement of new AI innovations at Workday DevCon 2024, such as the Workday AI Gateway and AI Marketplace, which are designed to make it easier for developers and partners to build intelligent solutions on the Workday platform. Additionally, Workday's partnership with Google Cloud aims to integrate generative AI capabilities to enhance app development and business insights.
Financially, Workday continues to show strong performance. For fiscal year 2024, the company reported solid revenue growth and an increase in non-GAAP operating margins. CEO Carl Eschenbach highlighted the company's value proposition, growth of its partner ecosystem, and the strength of its international performance as key factors driving success.
With more than 18,000 employees, Workday is committed to continuous innovation and providing exceptional service to its clients. The company is also focused on strategic partnerships and acquisitions to drive future growth and enhance its product offerings.
Recent News Highlights:
- February 8, 2024: Workday announced its fiscal 2024 fourth quarter and full-year financial results, showcasing continued momentum and positive financial outlook.
- March 19, 2024: Launch of Workday Adaptive Planning and Consolidation to streamline data management and enhance financial reporting capabilities.
- May 23, 2024: Fiscal 2025 first quarter results indicated solid revenue growth and margin expansion, emphasizing the impact of generative AI and key growth initiatives.
- June 3, 2024: Announcement of new AI innovations and expanded Google Cloud partnership, enhancing the capabilities of Workday Extend and providing advanced AI tools for developers.
- June 5, 2024: Introduction of the Built on Workday program, enabling partners to create and monetize tailored finance and HCM apps.
DISA Global Solutions has achieved Workday Design Approved Integration status, enabling seamless integration of its employee screening and compliance solutions with Workday Human Capital Management (HCM). DISA, serving over 55,000 clients including 30% of Fortune 500 companies, will now provide its comprehensive screening services directly through the Workday platform.
The integration aims to enhance efficiency, accuracy, and reliability in HR and compliance processes for joint customers. According to Canal Brage Company's HR Director, the integration has already improved their operational efficiency and ability to conduct thorough background checks while providing real-time data insights.
CloudPay has achieved Platinum Partner status with Workday (NASDAQ: WDAY), marking a significant milestone in their decade-long partnership. As the first partner to achieve certification for Workday's Payroll Effective Change Interface (PECI) and implement Additional Payroll Data (APD) with live customers, CloudPay continues to lead in payroll innovation.
The company's platform integrates with Workday's HCM capabilities to provide unified, end-to-end payroll solutions for multinational organizations. CloudPay currently manages nearly 3,000 integrations across 130+ countries, leveraging advanced automation, AI, and API technologies to improve payroll accuracy and streamline workflows.
BetterUp has expanded its partnership with Workday (NASDAQ: WDAY) through integration with Workday Peakon Employee Voice, an AI-powered platform providing real-time employee sentiment insights. The integration aims to deploy coaching more effectively and measure transformation initiatives' impact by providing personalized coaching recommendations to managers based on improvement areas.
The partnership combines BetterUp's coaching platform, which leverages behavioral science, AI, and data analytics, with Workday's listening platform. BetterUp reports improving employee performance by 20% and retention by 60% on average. This integration joins BetterUp's existing partnerships with Salesforce, IBM, and Degreed.
Workday (NASDAQ: WDAY) has appointed Liz Centoni, Executive Vice President and Chief Customer Experience Officer at Cisco, to its Board of Directors. Centoni brings 24 years of experience at Cisco, where she led the company's $28 billion Splunk acquisition in 2024 and developed Cisco's responsible AI framework.
As a seasoned leader focused on leveraging technology for customer success, Centoni's appointment aligns with Workday's commitment to delivering exceptional customer experiences. She has held various senior engineering and strategy roles, advocates for equity in tech, and serves as Cisco's global executive sponsor for the Women in Science and Engineering program.
Workday (NASDAQ: WDAY) has appointed Rob Enslin as president and chief commercial officer (CCO), effective December 2, 2024. In this newly created role, Enslin will lead global sales, partnerships, and customer experience efforts. He brings over 30 years of technology industry experience, most recently as CEO of UiPath where he achieved non-GAAP profitability and advanced AI strategy. Previously, he served as president of cloud sales at Google Cloud and spent 27 years at SAP, ultimately as president of the Cloud Business Group and executive board member.
Workday (WDAY) reported strong fiscal Q3 2025 results with total revenues reaching $2.160 billion, up 15.8% year-over-year. Subscription revenues grew 15.8% to $1.959 billion. Operating income improved to $165 million (7.6% of revenues) from $88 million last year. The company's 12-month subscription revenue backlog increased 15.3% to $6.98 billion, while total subscription backlog grew 20.3% to $22.19 billion. For fiscal 2025, Workday expects subscription revenue of $7.703 billion, representing 17% growth, with a non-GAAP operating margin of 25.5%.
Safeguard Global Pay, a global managed payroll provider, will demonstrate Workday's Global Payroll Connect at the upcoming Workday Rising EMEA event. The company won Workday's Race to Rising competition earlier this year, being one of only two providers to complete the eight-week challenge to build next-gen integrations. As Workday's first global payroll partner and recently named Platinum Innovation Partner, Safeguard Global Pay offers integrated payroll solutions across 170+ countries, featuring API-driven integrations that enhance automation and data accuracy while eliminating manual spreadsheet dependence.
Workday (NASDAQ: WDAY) has been named a Leader in the 2024 Gartner Magic Quadrant for Financial Planning Software for the third consecutive year. The company's Adaptive Planning solution, enhanced with Workday Illuminate AI, helps financial planning teams deliver more comprehensive plans and forecasts.
The platform enables organizations to transform traditional budgeting with AI-driven enterprise planning, achieve greater agility through scenario analysis, and integrate with various third-party systems. More than 6,500 customers globally, including AWS, Capstone Logistics, and McLaren Racing, use Workday Adaptive Planning to improve their planning and analysis processes.
Customer reviews highlight successful technology transformation, improved efficiency, and enhanced decision-making capabilities through the platform's comprehensive data analysis features.
One Model, a People Analytics leader, has been named a Workday Innovation Partner. This partnership enhances organizations' ability to leverage HR data ecosystems by combining Workday Human Capital Management (HCM) and Workday Adaptive Planning with One Model's expertise in data orchestration, analytics, and AI. The collaboration aims to help customers extract more value from their data and improve people-related decision-making processes. The partnership builds on One Model's decade-long experience supporting Workday customers in people analytics.
Syssero has been named a Workday Services Partner, strengthening its ability to provide customized services and support for Workday solutions. The partnership grants Syssero access to advanced resources and tools to enhance their service offerings, which include Launch Implementation Assistance, Application Managed Services, Project-Based Work, and Permanent Placement Services. As an employee-owned company with a team of former Workday end-users, Syssero specializes in supporting organizations using Workday's Human Capital Management and Financial Management solutions.
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