Workday, Inc. - WDAY STOCK NEWS

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.

Workday, Inc. (NASDAQ:WDAY) has announced a definitive agreement to acquire VNDLY for approximately $510 million in cash. This acquisition aims to enhance Workday's workforce optimization solutions, enabling businesses to efficiently manage all types of workers, including salaried, hourly, and contingent labor. The deal is expected to close in Q4 of Workday's fiscal year 2022, pending regulatory approvals. This strategic move is designed to help organizations gain visibility into total workforce costs, manage compliance, and foster a holistic approach to workforce management.

Workday reported fiscal Q3 2022 revenues of $1.33 billion, reflecting a 20.0% year-over-year increase. Subscription revenues reached $1.17 billion, up 21.0% year-over-year, with a subscription revenue backlog of $10.97 billion, a 23.7% increase. Operating income turned positive at $23.9 million compared to a loss last year, while non-GAAP operating income was $332.2 million. Workday raised its fiscal 2022 subscription revenue guidance to $4.533 billion to $4.535 billion, indicating a promising outlook for growth.