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.
Workday (NASDAQ:WDAY) has appointed Dr. Wayne A.I. Frederick, M.D. as an independent director on its board. Dr. Frederick brings nearly two decades of academic leadership experience, currently serving as the president of Howard University. His extensive healthcare knowledge and experience on various boards, including Forma Therapeutics and Humana, are expected to add significant value to Workday. In his statement, Dr. Frederick highlighted the importance of innovation in addressing global challenges, aligning with Workday’s core values of adaptation and problem-solving.
Workday (NASDAQ: WDAY) announced that its Chief Strategy Officer, Pete Schlampp, will present at Bank of America's 2022 Global Technology Conference in San Francisco on June 9, 2022, at 2:20 p.m. PT / 5:20 p.m. ET. A live webcast of the presentation will be accessible for those unable to attend in person. Following the event, a replay will be available on the Workday Investor Relations site for at least 30 days. Workday specializes in enterprise cloud applications for finance and human resources.
Skillsoft (NYSE: SKIL) has announced its achievement of Workday Cloud Connect for Learning Integration status. This advancement connects Skillsoft Percipio with Workday Learning, enhancing enterprise learning experiences. The integration allows Workday users to access Skillsoft’s extensive learning resources seamlessly. Key features include expertly curated learning paths, integrated multi-modal content, enhanced content discovery, automated maintenance, and advanced tracking. This partnership aims to drive learner engagement and administrative efficiency, addressing the critical need for on-demand training in today's economy.
Workday reported strong fiscal Q1 2023 results, with total revenues of $1.43 billion, a 22.1% increase year-over-year. Subscription revenues reached $1.27 billion, rising 23.2% from the prior year. The 24-month subscription revenue backlog grew to $7.97 billion, up 20.9%. However, the company faced an operating loss of $72.8 million, with a net loss per share of $0.41, compared to $0.19 in Q1 2022. Despite these challenges, Workday raised its fiscal 2023 subscription revenue guidance to between $5.537 billion and $5.557 billion, with expected growth of 22%.
Workday, a leader in enterprise cloud applications for finance and human resources, will announce its fiscal 2023 first quarter financial results on May 26, 2022. The results will be shared after market close, followed by a conference call at 1:30 p.m. PT (4:30 p.m. ET) to discuss the financial performance and future outlook. A live webcast will be accessible on the Workday Investor Relations site, with a replay available for 90 days.
Workday (NASDAQ: WDAY) has announced its 2022 annual stockholders meeting, scheduled for June 22, 2022, at 9:00 a.m. PT. The record date for voting rights is set for April 25, 2022. Only stockholders on this date can participate in the meeting. Workday encourages all stockholders to review the meeting details as they become available. A live webcast of the meeting will be accessible on the Investor Relations site, with replays available for 90 days.
Workday has priced a public offering of $3.0 billion in senior notes, with various maturities: $1.0 billion in 3.500% notes due 2027, $750 million in 3.700% notes due 2029, and $1.25 billion in 3.800% notes due 2032. The offering is set to close on April 1, 2022. Proceeds will be used for general corporate purposes, including repaying $693.8 million in existing senior unsecured term loans and possibly $1.15 billion in convertible senior notes maturing October 1, 2022.
Workday (NASDAQ: WDAY) reported strong momentum in its finance solutions, with nearly 1,500 deployments in fiscal year 2022, highlighting increased demand from large enterprises. Key customers include Fannie Mae and Sharp HealthCare. The company's innovative offerings, such as Workday Financial Management and Workday Adaptive Planning, enhance decision-making and adaptability in finance processes. Industry analysts predict continued growth for Workday as enterprises replace legacy systems to accelerate digital transformation.
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