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.
Rhea-AI Summary
Workday announces significant enhancements to Workday Extend, including Workday AI Gateway and native integration with AWS. These advancements aim to improve the developer experience and drive business and IT efficiency and innovation. Workday Extend now provides access to AI and ML services, such as skills analysis, sentiment analysis, document intelligence, and ML forecasting. Workday plans to support several AWS AI services within Workday Extend, enabling developers to create apps with advanced features. The introduction of new capabilities to App Builder, including code generation from data and a planned no-code page builder, enhances the no-code experience for developers. Workday also plans to introduce Developer Copilot, a human-machine teaming capability that leverages generative AI. These innovations will enable faster app development and a more connected experience. Workday Extend Essentials and Workday Extend Professional will be available in late 2023. Workday AI Gateway will be available with Workday Extend Professional, and AWS AI services are planned to be available in the first half of 2024. Code generation from data is currently available, and the page builder capability will be available to early adopters in the first half of 2024. Developer Copilot is planned to roll out within the next 6 to 12 months.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.68%
Tags
-
Rhea-AI Summary
Workday introduces Manager Insights Hub, leveraging AI to provide managers with timely insights and recommended actions to improve team productivity and development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.68%
Tags
-
Rhea-AI Summary
Workday announces continued momentum in higher education with more institutions leveraging their cloud applications to improve enrollment and revenue planning, and deliver engaging student experiences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.5%
Tags
Rhea-AI Summary
47% of Leaders Believe AI and ML Will Significantly Amplify Human Potential; 45% of CEOs Believe AI and ML Will Create a More Equitable and Diverse Workforce
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.04%
Tags
-
News
Rhea-AI Summary
Accenture and Workday are expanding their partnership to develop data-led finance solutions for various industries, aiming to improve agility, reduce costs, and enhance operational efficiencies. The offerings will integrate with Workday Financial Management and utilize intelligent automation, AI, and ML. The collaboration also includes Salesforce, with the objective of streamlining finance processes and standardizing operations globally. The partnership builds on more than 15 years of joint efforts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.58%
Tags
-
Rhea-AI Summary
Workday, Inc. has been positioned as a Leader in the 2023 Gartner Magic Quadrant for Cloud ERP for Service-Centric Enterprises. Workday's Enterprise Management Cloud offers an adaptable architecture with AI and ML capabilities to automate business and financial processes. With over 10,000 customers in 175 countries, Workday continues to deliver innovative solutions for service-centric enterprises.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.52%
Tags
News
Rhea-AI Summary
Workday's co-CEO, Carl Eschenbach, to present at Goldman Sachs Communacopia & Technology Conference on Sep 5 at 3:05pm PT / 6:05pm ET. Webcast available. Replay on Workday Investor Relations site for 90 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.56%
Tags
-
Rhea-AI Summary
Workday, Inc. (NASDAQ: WDAY) announces partner sponsors and exhibitors for Workday Rising, a conference exploring the future of work and new innovations in generative artificial intelligence. The event will take place on September 26-29, at the Moscone Center in San Francisco, offering both in-person and virtual experiences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
Tags
-
Rhea-AI Summary
Workday's fiscal Q2 total revenues increased by 16.3% YoY to $1.79 billion. Subscription revenues also grew by 18.8% YoY to $1.62 billion. The 24-month subscription revenue backlog increased by 22.7% YoY to $10.27 billion, and the total subscription revenue backlog increased by 32.5% YoY to $17.85 billion. Operating income improved to $36.3 million compared to a loss of $34.1 million in the same period last year. Non-GAAP operating income increased to $421.4 million, or 23.6% of revenues, compared to $301.6 million, or 19.6% of revenues, in the same period last year. Basic and diluted net income per share was $0.30, compared to a loss of $0.25 in Q2 fiscal 2023. Workday raised its fiscal 2024 subscription revenue guidance to a range of $6.570 billion to $6.590 billion, representing 18% YoY growth. Third-quarter subscription revenue is expected to be $1.678 billion to $1.680 billion, or 17% growth. Workday plans to maintain a disciplined approach to investing in long-term growth while expanding margins.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.38%
Tags
Rhea-AI Summary
Workday, Inc. (NASDAQ: WDAY) to announce fiscal 2024 Q2 financial results on August 24, 2023, with a conference call to review results and business outlook. Live webcast available.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.05%
Tags
FAQ
What is the current stock price of Workday (WDAY)?
The current stock price of Workday (WDAY) is $259.9 as of November 19, 2024.
What is the market cap of Workday (WDAY)?
The market cap of Workday (WDAY) is approximately 68.9B.
What does Workday, Inc. specialize in?
Workday, Inc. specializes in enterprise cloud applications for financial management, human capital management (HCM), and analytics.
When was Workday founded?
Workday was founded in 2005.
Where is Workday headquartered?
Workday is headquartered in Pleasanton, California.
How many organizations use Workday's solutions?
Over 10,500 organizations use Workday's solutions globally.
What recent AI innovations has Workday introduced?
Workday recently introduced AI innovations such as the Workday AI Gateway and Workday AI Marketplace.
What are some of Workday’s primary products?
Workday's primary products include financial management, human capital management (HCM), and business planning solutions.
Who are some of Workday's key partners?
Workday's key partners include Google Cloud, among others.
How many employees does Workday have?
Workday employs over 18,000 people.
What was a recent financial milestone for Workday?
A recent financial milestone for Workday was reporting solid revenue growth and margin expansion for fiscal year 2024.
What is the Built on Workday program?
The Built on Workday program enables partners to build, manage, and market apps that extend the Workday platform.
Workday, Inc.
Nasdaq:WDAY
WDAY Rankings
WDAY Stock Data
68.87B
210.50M
1.23%
92.82%
1.78%
Software - Application
Services-computer Processing & Data Preparation
United States of America
PLEASANTON