Workday, Inc. - WDAY STOCK NEWS

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.

Workday (NASDAQ: WDAY) is set to release its fiscal 2022 first quarter financial results on May 26, 2021, after market close. Following the announcement, a conference call will occur at 1:30 p.m. PT / 4:30 p.m. ET to discuss these results and the future business outlook. Interested participants can access a live webcast through the Workday Investor Relations site, with a recording available for 90 days post-call. Workday specializes in cloud applications for finance and human resources, serving numerous organizations globally, including a significant portion of the Fortune 500.

Workday (NASDAQ: WDAY) has launched enhanced capabilities in Workday Extend to foster digital innovation. The new orchestration, data, and logic features aim to help businesses quickly develop applications that integrate seamlessly with existing Workday systems. This allows companies to enhance employee engagement, reduce IT complexity, and optimize costs while maintaining data security. Workday Extend has reportedly enabled customers to reduce app development time by up to 75%, streamlining digital processes and improving value from existing investments in Workday.

Workday, Inc. (NASDAQ: WDAY) announced its 2021 annual meeting of stockholders will be held virtually on June 8, 2021, at 9:00 a.m. PT / 12:00 p.m. ET. The record date for participating stockholders is April 12, 2021, and only those on record by the close of business on this date can vote on the meeting's agenda. Important information regarding the meeting will be provided to stockholders. A live webcast of the event will be accessible through the Workday Investor Relations site and will remain available for replay for at least 90 days.

Workday, Inc. (NASDAQ: WDAY) reported continued momentum in higher education with notable new customers, including Minnesota State Colleges and Universities and University of Central Florida. Amid the pandemic, institutions like Ohio State University successfully transitioned to virtual deployments, ensuring business continuity. Over 70% of Workday's higher education clients are live on the platform, benefiting from improved operational agility and data-driven insights. The demand for cloud solutions is projected to rise significantly, with Workday expected to lead the Student Cloud market in 2021.

CodePath has partnered with Workday (NASDAQ: WDAY) to launch the Summer Internship for Tech Excellence (SITE), a 10-week paid pre-internship program. Running from June 7 to August 13, 2021, it aims to equip underrepresented rising college juniors with essential skills in full stack web development using technologies like MongoDB and React. The initiative addresses barriers faced by Black and Brown students in securing tech internships and builds pathways to technology careers.

Workday, Inc. (NASDAQ:WDAY) has acquired Peakon ApS, an employee success platform, enhancing its offerings for organizations to improve employee engagement and performance. The acquisition enables Workday to offer real-time insights into employee sentiment and productivity, essential for organizations in varied work environments. This transition allows Workday to provide tools that foster employee growth, enhance diversity, and address experience gaps. The integration aims to leverage Peakon’s capabilities to support businesses in optimizing employee experiences, thereby increasing innovation and profitability.

Workday, a leader in enterprise cloud applications, reported its fiscal fourth quarter 2021 revenues of $1.13 billion, reflecting a 15.9% year-over-year increase. Subscription revenue rose 19.8% to $1.01 billion, with a 24-month subscription backlog of $6.53 billion. For the entire fiscal year, revenues were $4.32 billion, up 19.0%, and subscription revenue reached $3.79 billion, rising 22.4%. Operating cash flows improved by 46.7% to $1.27 billion. However, a net loss of $0.30 per share was reported, an improvement from $0.56 in the previous year.