Workday, Inc. - WDAY STOCK NEWS

Workday (NASDAQ: WDAY) has been recognized as the best cloud ERP solution for healthcare in the KLAS 2023 report, marking its sixth consecutive year at the top. The company has added several new healthcare organizations including Jefferson Health and CHG Healthcare to its customer base, highlighting its growing momentum in the sector. Workday offers solutions such as Financial Management, Human Capital Management, and Supply Chain Management, enabling healthcare organizations to manage costs and enhance operational efficiency. With the integration of artificial intelligence and machine learning, Workday aims to improve decision-making and agility in response to economic uncertainties. The Industry Accelerator for Healthcare further enhances its offerings, providing organizations with tailored solutions from partners like Deloitte and KPMG.

UST has been named a Workday Application Management Services (AMS) Partner, enhancing its capacity to support customers utilizing the Workday platform. This partnership allows UST to provide ongoing functional, technical, and administrative support to clients adopting Workday Financial Management and Workday HCM, improving operational visibility and agility for businesses. UST's proprietary solutions and testing platform will optimize the experiences of first-time and existing Workday customers.

Angad Singh, Workday Practice Lead at UST, emphasized that this partnership enables comprehensive service offerings, including deployment and operational support. The AMS partnership, according to Webb Armentrout from Workday, aims to enhance customer experience and facilitate digital transformation journeys.

Workday, Inc. (NASDAQ: WDAY), a frontrunner in enterprise cloud applications for finance and human resources, has announced its 2023 annual meeting of stockholders will take place virtually on June 22, 2023, at 9:00 a.m. Pacific Time. The record date for stockholders entitled to vote is set for April 25, 2023. Workday plans to provide essential information regarding the meeting and encourages stockholders to review it promptly. A live webcast will be available on the Workday Investor Relations site, with a replay accessible for at least 90 days thereafter.

Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications, announced that co-CEOs Aneel Bhusri and Carl Eschenbach will present at the Morgan Stanley Technology, Media and Telecom Conference in San Francisco on March 9, 2023, at 8:35 a.m. PT/11:35 a.m. ET. The presentation will be available via a live webcast.

A replay of the presentation will be accessible on the Workday Investor Relations site for at least 90 days post-conference. Workday provides cloud applications for finance and human resources, utilized by over 10,000 organizations globally, including more than half of the Fortune 500.

HackerRank has achieved Workday Certified Integration status, enhancing the integration of its technical skill assessments into Workday Recruiting. This partnership aims to speed up the recruitment process by allowing recruiters to accurately assess candidates' technical skills directly within the Workday platform. The new integration is designed to help businesses fill technical skill gaps more effectively, supporting a skills-based hiring approach. Customers like DraftKings report improved hiring efficiency, highlighting the benefits of this integration.

Workday, Inc. (NASDAQ: WDAY) reported strong fiscal 2023 results, with total revenues reaching $6.22 billion, a 21.0% increase year-over-year. Fourth quarter revenues stood at $1.65 billion, up 19.6%, and subscription revenues hit $5.57 billion, marking a 22.5% year-over-year growth. Despite a net loss per share of $1.44, the company reported a non-GAAP operating income of $1.21 billion for the fiscal year. The subscription revenue backlog increased to $16.45 billion, reflecting strong demand for Workday's solutions. The company's fiscal 2024 guidance anticipates subscription revenue growth of 17% to 18%.

Workday has announced the appointments of Sayan Chakraborty as co-president and Robynne Sisco as vice chair, alongside the election of Mark Hawkins as an independent director. These changes underscore the company's commitment to advancing artificial intelligence and machine learning in its financial management solutions. Chakraborty, who is part of the National Artificial Intelligence Advisory Committee, will continue to lead product and technology efforts. Sisco transitions from co-president to vice chair, focusing on global sales. Hawkins brings extensive experience from Salesforce and other firms, enhancing Workday's board expertise.