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Workday, Inc. - WDAY STOCK NEWS

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.
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Workday has partnered with RSM US LLP, one of the largest accounting firms, to enhance operational efficiency and service delivery. This collaboration will integrate Workday Financial Management, Human Capital Management (HCM), and Professional Services Automation (PSA) into one platform, aimed at streamlining processes and improving visibility into performance. With over 13,000 employees, RSM aims to better manage their growth and customer service by eliminating data silos and optimizing project billing through this digital transformation initiative.

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CareerBuilder has achieved Workday Certified Integration status, enhancing its Talent Acquisition Suite by connecting with Workday Recruiting. This integration aims to streamline the hiring process, reducing time-to-hire and boosting applicant engagement. Candidates can now apply with a single click, improving data collection and completion rates in job applications. According to CareerBuilder's CEO, this integration addresses challenges in a competitive job market by simplifying the application process for both employers and candidates.

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Workday announces the expansion of its Payroll solutions to Australia and Germany, building on its strong cloud foundation. This enhancement allows seamless integration with human capital management (HCM) systems, improving efficiency, compliance, and user experience. Expected deployments for early adopters are set for 2023, alongside existing solutions in the U.S., Canada, France, and the UK. The enhancements emphasize automation, efficiency, and real-time processing to meet the needs of large organizations in the EMEA and Asia-Pacific regions.

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ERPA has been designated a Workday Application Management Services (AMS) Partner, enhancing its offerings to clients using Workday Financial Management and Human Capital Management (HCM). This partnership enables ERPA to provide functional, technical, and administrative support, helping customers optimize their Workday investments. Led by experts, ERPA aims to streamline operations, offering services that enhance the post go-live experience and promote adoption of new functionalities. Founded in 1999, ERPA is a leader in enterprise application managed services.

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Workday (NASDAQ: WDAY) reported a 40% year-over-year surge in Financial Management deployments, driven by increased demand for cloud-based finance solutions. In fiscal year 2021, the company executed over 1,800 customer deployments worldwide, achieving a 97% customer satisfaction score. Workday's swift transition to virtual deployments highlighted its commitment to customer success during the pandemic, enabling organizations to maintain business continuity. Key clients included GE and Nebraska Medicine, emphasizing the flexibility and efficacy of Workday's services.

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Workday (NASDAQ: WDAY) has announced that co-founders Aneel Bhusri and Chano Fernandez will present at the Bank of America 2021 Global Technology Conference on June 8, 2021, at 7:45 a.m. PT / 10:45 a.m. ET. Interested parties can access the live webcast here. A replay will be available on the Workday Investor Relations site for at least 30 days following the event.

Workday specializes in enterprise cloud applications for finance and human resources.

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Workday, Inc. (NASDAQ: WDAY) announced new customer agreements with major healthcare organizations, including Medical University of South Carolina and Northeast Georgia Health System, to adopt its finance, HR, and supply chain solutions. This shift aims to enhance operational efficiency amid rising healthcare demands exacerbated by the pandemic. Notably, Workday's unified approach helps organizations manage financial performance and improve supply chain resilience. The company is positioned to support the healthcare sector's ongoing digital transformation and supply chain management challenges.

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Workday reported strong fiscal 2022 first-quarter results with total revenues of $1.18 billion, a 15.4% year-over-year increase. Subscription revenue reached $1.03 billion, up 17.0% from the previous year. Operating loss narrowed to $38.3 million, improving from $144.5 million last year. Non-GAAP net income per diluted share was $0.87, a rise from $0.44. Workday raised its fiscal 2022 subscription revenue guidance to between $4.425 billion and $4.440 billion, reflecting strong demand and a growing backlog.

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Workday (NASDAQ:WDAY) has been recognized by Gartner as a leader in the 2021 Magic Quadrant for Cloud Core Financial Management Suites for the fifth consecutive year. This recognition is based on the company's completeness of vision and ability to execute. The shift toward digital finance transformation has led organizations to rely on Workday for comprehensive finance solutions. With a commitment to customer success, Workday boasts a 97% customer satisfaction rating and extensive global adoption, positioning it as a frontrunner in finance technology.

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On May 6, 2021, CapTech Consulting announced its designation as a Workday Application Management Services (AMS) Partner. This partnership aims to enhance customer support for Workday Financial Management and Human Capital Management (HCM) systems. CapTech will focus on advanced technology integration, data insights through Workday Prism Analytics, and comprehensive change management. The collaboration leverages CapTech's experience in digital transformation to drive operational efficiency and real-time visibility for clients.

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FAQ

What is the current stock price of Workday (WDAY)?

The current stock price of Workday (WDAY) is $269.04 as of December 24, 2024.

What is the market cap of Workday (WDAY)?

The market cap of Workday (WDAY) is approximately 71.6B.

What does Workday, Inc. specialize in?

Workday, Inc. specializes in enterprise cloud applications for financial management, human capital management (HCM), and analytics.

When was Workday founded?

Workday was founded in 2005.

Where is Workday headquartered?

Workday is headquartered in Pleasanton, California.

How many organizations use Workday's solutions?

Over 10,500 organizations use Workday's solutions globally.

What recent AI innovations has Workday introduced?

Workday recently introduced AI innovations such as the Workday AI Gateway and Workday AI Marketplace.

What are some of Workday’s primary products?

Workday's primary products include financial management, human capital management (HCM), and business planning solutions.

Who are some of Workday's key partners?

Workday's key partners include Google Cloud, among others.

How many employees does Workday have?

Workday employs over 18,000 people.

What was a recent financial milestone for Workday?

A recent financial milestone for Workday was reporting solid revenue growth and margin expansion for fiscal year 2024.

What is the Built on Workday program?

The Built on Workday program enables partners to build, manage, and market apps that extend the Workday platform.

Workday, Inc.

Nasdaq:WDAY

WDAY Rankings

WDAY Stock Data

71.56B
211.51M
1.23%
92.8%
1.7%
Software - Application
Services-computer Processing & Data Preparation
Link
United States of America
PLEASANTON