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.
Phenom announced the completion of a Workday Certified integration for University Recruiting, enhancing how Workday customers engage with talent during campus events. This integration connects Workday Recruiting with Phenom's University Recruiting module, streamlining the recruiting process using AI and automation. It allows organizations to efficiently engage with prospective candidates from both in-person and virtual events, ultimately improving the candidate experience. Phenom's commitment to Workday's technology is underscored by this certification.
Workday, Inc. (NASDAQ: WDAY) reported its fiscal Q2 2023 results with total revenues of $1.54 billion, reflecting a 21.9% year-over-year increase. Subscription revenues rose to $1.37 billion, up 22.8% compared to the previous year. However, the company posted an operating loss of $34.1 million, contrasting with a loss of $1.1 million in Q2 2022. Non-GAAP net income per share declined to $0.86 from $1.29. Workday maintains its fiscal 2023 subscription revenue guidance of $5.537 billion to $5.557 billion, indicating 22% growth.
Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications, will host its Financial Analyst Day on September 13, 2022, in Orlando, Florida, at 1:00 p.m. PT. This event coincides with the company’s annual customer conference, Workday Rising. A live webcast will be available on the Workday Investor Relations site, with a replay accessible for at least 90 days following the event.
Workday, a leader in enterprise cloud applications, is set to announce its fiscal 2023 second quarter financial results after the market closes on August 25, 2022. The conference call will take place at 1:30 p.m. PT / 4:30 p.m. ET to discuss the results and future business outlook. A live webcast will be accessible via the Investor Relations site, along with a replay available for 90 days.
Workday has announced the in-person and virtual return of its flagship conference, Workday Rising, scheduled for Sept. 12-15, 2022 in Orlando, Florida. The event will feature two digital pathways: the Digital Discovery Pass and the Global Digital Access Pass, allowing virtual attendees access to keynotes and over 300 sessions. Attendees will learn how to leverage Workday's solutions amidst changing market conditions. Prominent sponsors from various sectors will contribute to the event, emphasizing collaboration for customer success.
Workday (NASDAQ: WDAY) announced a significant milestone with its Workday Extend platform, doubling its customer base over the past year. This growth indicates a strong demand for innovative solutions in finance and HR, as organizations adapt to dynamic business challenges. More than 500 applications have been developed by partners like Deloitte and PwC, enhancing operational efficiencies. The platform allows businesses to create new capabilities swiftly and cost-effectively without relying heavily on IT resources.
Workday (NASDAQ: WDAY) has been positioned in the Leaders quadrant of the 2022 Gartner Magic Quadrant for Cloud ERP for Service-Centric Enterprises, reflecting its completeness of vision and ability to execute. This designation highlights Workday's innovative solutions that integrate financials, human resources, and operations, helping over 9,500 customers worldwide navigate transformation effectively. The company achieved a remarkable 97% customer satisfaction rating, demonstrating strong value in enhancing efficiency and decision-making for service-centric organizations.
Workday (NASDAQ: WDAY) announced on July 13, 2022, that it has achieved FedRAMP Authorized status for its Workday Government Cloud, enabling its entry into the U.S. federal government market. This status certifies that Workday meets stringent cloud security requirements. The platform will assist federal agencies in addressing workforce needs, managing finances, and complying with regulations. With significant experience across various sectors, Workday aims to support federal organizations in navigating rapid changes.
Workday (NASDAQ: WDAY) announces strong demand for its Workday Adaptive Planning solution, as organizations across various sectors like healthcare and finance enhance their planning capabilities. As of March 31, 2022, large enterprise customers are generating over 40% more planning scenarios compared to pre-pandemic levels. The platform aids in breaking down data silos, applies machine learning for enhanced decision-making, and allows for industry-specific solutions. Notable clients include Dayton Children's and TMX Group Limited, reflecting increasing reliance on cloud-based planning.
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