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 Inc. (NASDAQ: WDAY) announced that Genpact (NYSE: G) has selected its Financial Management, Human Capital Management, and Professional Services Automation solutions. The partnership aims to streamline Genpact's operations by consolidating nearly 30 disparate systems into a single platform, enhancing data governance and operational agility. This collaboration will enhance employee experiences through automation and better decision-making capabilities.
Genpact, serving over 700 clients globally, seeks to improve efficiency and support its transformation initiatives.
Workday (NASDAQ: WDAY) has announced that Terrance Wampler, group general manager of the CFO office, will present at the Wolfe Research Virtual "March Madness" Software Conference on March 22, 2022, at 10:05 a.m. PT / 1:05 p.m. ET. Investors can access the live webcast of the presentation here. A replay will be available on the Workday Investor Relations Events page for 30 days post-conference. Workday is a leader in enterprise cloud applications for finance and human resources, serving thousands of organizations globally.
Workday (NASDAQ: WDAY) announced that chief strategy officer Pete Schlampp will present at Morgan Stanley's TMT Conference in San Francisco on March 8, 2022, at 3:00 p.m. PT. Interested individuals can access the live webcast through the Workday Investor Relations site. A replay will be available for at least 30 days post-conference. Workday is known for its cloud applications in finance and human resources, serving thousands of organizations worldwide.
Workday, Inc. (NASDAQ: WDAY) reported a strong fiscal 2022 fourth quarter with total revenues of $1.38 billion, up 21.6% year-over-year. Subscription revenues increased to $1.23 billion, marking a 22.2% rise. However, operating loss widened to $101 million. For the fiscal year, total revenues hit $5.14 billion, growing 19.0%, while subscription revenues reached $4.55 billion. Non-GAAP net income per share improved to $4.20, up from $3.06 last year. The company raised its fiscal 2023 subscription revenue guidance to $5.530 billion to $5.550 billion.
Workday, Inc. (NASDAQ: WDAY) is set to release its fiscal 2022 fourth quarter and full year financial results after market close on February 28, 2022. A conference call will follow at 1:30 p.m. PT to discuss the results and future business outlook. Investors can access a live webcast on the Workday Investor Relations site, with a replay available for at least 90 days post-event.
Workday (NASDAQ: WDAY) has appointed Patrick Blair as the new president of the Americas, reporting to Co-President Doug Robinson. This strategic move aims to enhance North America sales efforts and expand Workday's reach among the Fortune 500 by promoting adoption of its full suite of cloud applications in finance and HR. Blair brings over 25 years of experience from companies like C3 AI and Salesforce.com, emphasizing values-based leadership. His appointment is seen as pivotal to Workday's growth strategy amidst a changing business landscape.
Workday (NASDAQ: WDAY) announced significant adoption in the retail sector, with nearly 50% of the 2021 NRF Top 100 Retailers choosing its cloud applications for finance and HR. Companies like Saks and PUMA harness Workday to enhance operational efficiency and data visibility amidst challenges like talent shortages and supply chain disruptions. The platform combines financial and operational data, enabling better planning and workforce optimization. Workday's solutions are crucial for retailers navigating digital transformation and improving employee and customer experiences.
Accenture (NYSE: ACN) has partnered with Tokio Marine Kiln (TMK) to digitize and streamline its finance and HR functions using Workday (NASDAQ: WDAY) in the U.K. and Singapore. The transition from multiple manual systems to a unified platform aims to boost operational efficiency and accuracy. The deployment of Workday Financial Management and Human Capital Management was completed in seven months, enhancing TMK's ability to focus on critical business tasks. This collaboration signifies a strategic move towards cloud-first transformation in the insurance sector.
Workday (NASDAQ: WDAY) announced that Robynne Sisco, co-president and CFO, will present at the Wells Fargo Fifth Annual TMT Summit on Nov. 30 at 11:40 a.m. PT. Doug Robinson, co-president, will present at the Barclays Global TMT Conference on Dec. 7 at 6:10 a.m. PT. Both presentations will be available via live webcast. Replays will be accessible for at least 30 days on the Workday Investor Relations site. Workday provides enterprise cloud applications for finance and human resources, helping organizations adapt to changing needs.
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