Workday, Inc. - WDAY STOCK NEWS

Workday, Inc. (NASDAQ: WDAY) will announce its fiscal 2023 third quarter financial results on Nov. 29, 2022, after market close. The company will hold a conference call at 1:30 p.m. PT / 4:30 p.m. ET to discuss the results and future business outlook. Investors can access the live webcast on the Workday Investor Relations site, with a replay available for 90 days. Workday is recognized for its cloud applications in finance and human resources, serving numerous global businesses, including over 50% of the Fortune 500.

Workday (NASDAQ: WDAY) announced new innovations aimed at assisting customers in adapting to a changing work environment during the Workday Rising conference on Sept. 13, 2022. Key innovations focus on enhancing the finance office with machine learning capabilities, creating personalized employee experiences to boost engagement, and establishing a more open ecosystem for industry-specific solutions. The company emphasizes the role of technology in driving digital transformation and addressing employee burnout risks, as reported in a recent Workday study.

Workday (NASDAQ: WDAY) announced new innovations at the Workday Rising conference aimed at enhancing the office of finance. Key updates include machine learning capabilities, improved performance in planning, and ESG reporting tools. Notably, the automated ML Forecaster will enhance forecasting accuracy by integrating various data sources. Enhancements in Workday Adaptive Planning offer over 60% speed improvement for data imports and exports, crucial for efficient business agility. Supplier Diversity discovery boards will also help track supplier diversity ratios effectively.

Workday has announced key technology and UX innovations designed to help its customer community of over 60 million workers adapt to changing business needs. Highlights include low-code/no-code development capabilities in Workday Extend, enabling easier app creation, and a redesigned user experience to enhance engagement. The Workday Extend App Builder will simplify app development through visual and drag-and-drop tools. Additionally, the Workday Graph API is set to enhance API usability for developers. These advancements aim to improve employee experiences and drive productivity.

Workday (NASDAQ: WDAY) announced the launch of its next-generation skills technology aimed at enhancing organizational talent strategies. This new offering allows companies to integrate skills data seamlessly into Workday, promoting personalized employee experiences. Collaborating with clients like Accenture and Sun Life, Workday's open skills ecosystem facilitates improved visibility into workforce skills, enabling data-driven talent decisions. Since its introduction in 2018, the Skills Cloud has expanded from 25 million to over 5 billion instances, reflecting a significant demand for skills-based solutions.

Workday (NASDAQ: WDAY) announced its vision to transform its partner ecosystem at the Workday Rising event on Sept. 13, 2022. This initiative aims to enhance customer success and drive innovation through a more open partner program. Key developments include eliminating fees for the Workday Extend partner program and plans to double consulting capacity by fiscal 2026. Workday will launch a new partner program with three tracks focused on innovation, go-to-market, and services, which will enhance collaboration and support customization for clients.

Workday (NASDAQ: WDAY) released a report on September 12, 2022, highlighting increased burnout risks across various industries, particularly in transportation, which saw a 16% year-over-year rise in affected companies. Frontline sectors such as healthcare and government also reported significant increases. The report analyzed data from 1.5 million employees in over 600 companies globally. The UK leads with 41% of organizations in the higher burnout risk category, while the U.S. remains steady at 17%.

Workday Inc. (NASDAQ: WDAY) has unveiled new Industry Accelerators aimed at enhancing ERP replacement initiatives for sectors including banking, healthcare, insurance, and technology. Announced during Workday Rising, these accelerators will leverage a network of partners such as Accenture and Deloitte to deliver tailored solutions that simplify digital transformations. The initiative seeks to streamline operations and improve data insights, responding to growing demand for cloud technology in complex markets. Workday continues to support over 9,500 global customers, surpassing $1 billion in annual recurring revenue from financial services.

Salesforce has expanded its use of Workday's suite, including Workday Financial Management and Workday Adaptive Planning, to support its global workforce of over 78,000 employees. This move aims at enhancing operational efficiency and decision-making capabilities as Salesforce continues to grow. The integration of Workday's applications promises improved insights, agility, and an enhanced user experience, aligning with Salesforce's broader strategy of leveraging technology for transformation.