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 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.
Nelnet Campus Commerce (NYSE:NNI) achieves Workday Certified Integration status, enhancing its payment and cashiering solutions for higher education institutions. This integration facilitates real-time posting of payments into Workday Student, streamlining the payment process for students and institutions like Stevens Institute of Technology and Wellesley College. The partnership aims to improve payment processing efficiency and elevate the student experience by offering real-time access to financial information.
Workday, Inc. (NASDAQ: WDAY) is set to announce its fiscal 2021 fourth quarter and full-year financial results after market close on Thursday, Feb. 25, 2021. The event will include a conference call at 1:30 p.m. PT / 4:30 p.m. ET to discuss the financial results and business outlook. A live webcast will be accessible on the Workday Investor Relations site, with a replay available for at least 90 days post-call.
Workday is recognized for its enterprise cloud applications focused on finance and human resources, serving a broad range of clients, including over 45% of the Fortune 500.
Workday, Inc. (NASDAQ: WDAY) has promoted Doug Robinson to executive vice president of global sales as of February 1, 2021. Reporting to Co-CEO Chano Fernandez, Robinson will spearhead global sales and international expansion for Workday's applications in finance, HR, planning, and spend management. Robinson has a strong track record, having driven the adoption of Workday solutions among over 45% of the Fortune 500 companies since joining in 2010. This leadership change aims to leverage Robinson's expertise to enhance Workday's market presence and drive growth.
Workday, Inc. (NASDAQ: WDAY) has announced its acquisition of Peakon ApS for approximately $700 million in cash, aimed at enhancing employee engagement through a continuous listening platform. The acquisition will merge Peakon's technology with Workday's existing employee insights capabilities to provide real-time visibility into employee sentiment and productivity. This move comes in response to evolving HR strategies and the need for organizations to support their workforce effectively during challenging times. The transaction is expected to close in Q1 of fiscal year 2022.
Workday, Inc. (NASDAQ:WDAY) has launched a new vaccine management solution aimed at enhancing workforce health and workplace safety. This solution combines real-time HR data with immunization information to assist organizations in navigating COVID-19 challenges. With over 45 million workers in its customer community, Workday provides tools for monitoring immunization dynamics and managing reopening plans. The initiative notably supports essential services and helps in managing the complexities of vaccine reporting and compliance.
Workday (NASDAQ: WDAY) announced that co-founder and co-CEO Aneel Bhusri will speak at the Goldman Sachs Technology and Internet Conference 2021 on January 12, at 9:10 a.m. PT / 12:10 p.m. ET. The presentation will be accessible via a live webcast, with a replay available on the Workday Investor Relations site for at least 30 days post-conference. Workday provides enterprise cloud applications for finance and human resources, serving thousands of organizations worldwide, including over 45% of the Fortune 500.
Workday (NASDAQ: WDAY) released findings from its global executive survey, indicating a shift towards digital revenue, with one-third of firms forecasting 75% or more revenue from digital sources in three years—up from 10% in 2019. The survey highlights challenges in corporate culture hindering digital transformation, with 56% reporting technology compatibility but only 16% affirming cultural alignment. Additionally, 77% of firms are agile in addressing failing tech investments. The full report will be available in Q1 2021, elaborating on digital transformation across C-suite functions.
WorkBoard, a partner of Workday (NASDAQ: WDAY), has achieved Workday Approved Integration status, enhancing its Results Management Platform with seamless connectivity to Workday's Human Capital Management (HCM). This integration allows clients, such as Cisco, IBM, and Microsoft, to synchronize organizational structures and goals effectively. The integration automates updates from Workday HCM to WorkBoard, ensuring accurate reporting structures for better alignment and results tracking.
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