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) 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.
Workday Elects Lynne Doughtie as Independent Director
On February 24, 2021, Workday (NASDAQ: WDAY) announced the election of Lynne Doughtie to its board of directors. Doughtie, with over 35 years of experience, previously served as U.S. Chairman and CEO of KPMG. She is expected to contribute valuable insights in risk management and information security, enhancing Workday's strategic direction. Co-CEO Aneel Bhusri highlighted Doughtie's leadership and alignment with the company's values, which adds significant strength to the board.
Workday, a leader in enterprise cloud applications, announced that co-founder and co-CEO Aneel Bhusri will present at the Morgan Stanley Technology, Media and Telecom Conference on March 1 at 12:30 p.m. PT. Interested individuals can access the live webcast here. A replay will be available on the Workday Investor Relations site for at least 30 days post-conference.
Workday specializes in applications for finance and human resources, serving thousands of organizations, including over 45% of the Fortune 500.
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