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, 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.
Modern Hire has achieved Workday Certified Integration status, enhancing its hiring platform's compatibility with Workday Recruiting. This integration simplifies hiring workflows, from virtual interviews to assessments, improving efficiency for organizations. With clients like Brown-Forman already benefiting from this integration, Modern Hire aims to enhance the candidate experience while aiding recruiters in making swift, informed decisions. The integration is part of Modern Hire's strategy to deliver personalized, data-driven hiring solutions.
Workday (NASDAQ: WDAY) announced that co-CEO Chano Fernandez will present at the UBS Global TMT Virtual Conference on December 8, at 4:30 a.m. PT. The presentation can be accessed live online.
Additionally, Robynne Sisco, President and CFO, will present at the Wells Fargo TMT Summit 2020 on December 2, at 11:00 a.m. PT. A replay of both presentations will be available on Workday's Investor Relations site for 30 days post-event.
Workday, Inc. (NASDAQ: WDAY) released results from a global study conducted with Harvard Business Review Analytic Services, revealing that 60% of organizations accelerated plans to enhance sourcing and supplier management due to the pandemic. The study highlights that 95% of executives experienced disruptions in sourcing processes, with a push towards automation and cloud platforms. 93% of respondents utilize or plan to adopt cloud solutions for procurement. Workday aims to support businesses with improved procurement processes, emphasizing its importance in achieving enterprise resilience.
Workday, Inc. (NASDAQ: WDAY) reported third-quarter fiscal 2021 results with total revenues of $1.11 billion, marking a 17.9% year-over-year increase. Subscription revenue was $968.5 million, up 21.3% from the previous year, and the subscription revenue backlog reached $8.87 billion, a 23.4% increase. The operating loss narrowed to $14.1 million, while non-GAAP operating income was $268.1 million, or 24.2% of revenues. The company raised its subscription revenue guidance for fiscal 2021 to $3.773 billion to $3.775 billion.
Workday, Inc. (NASDAQ: WDAY) has been recognized as a leader in the Gartner Magic Quadrant for Cloud HCM Suites for the fifth consecutive year, achieving the highest position for its Ability to Execute. The company serves over 7,700 customers, adapting its Human Capital Management solutions to rapidly changing business conditions. Recent innovations include Workday Help and Workday Journeys, enhancing user experience and organizational agility. With more than 70% of customers live on the platform, Workday continues to drive customer success globally.
Workday, Inc. (NASDAQ: WDAY) will announce its fiscal 2021 third quarter financial results on November 19, 2020, after market close. A conference call will be held at 1:30 PM PT / 4:30 PM ET to discuss the results and future business outlook. The call will be streamed live on the Workday Investor Relations site, with a replay available for at least 90 days. Workday provides enterprise cloud applications for finance and human resources, serving a diverse range of organizations, including over 45% of the Fortune 500.
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