Workday, Inc. - WDAY STOCK NEWS

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.

Workday Inc (NASDAQ: WDAY) has announced the launch of Workday Accounting Center and machine learning-driven predictive forecasts as part of its financial management solutions. These innovations aim to enhance agility and efficiency for finance teams, particularly in the context of challenges posed by the pandemic. The Accounting Center allows customers to ingest and transform operational data into accounting entries, reducing reliance on IT and potentially cutting costs by up to 50%. The predictive capabilities in Workday Adaptive Planning utilize machine learning to deliver more accurate forecasts.

Workday, Inc. (NASDAQ: WDAY) has launched Workday Talent Marketplace, a machine learning-driven talent mobility solution aimed at connecting employees with relevant opportunities and enhancing organizational agility. As businesses navigate the evolving nature of work due to the COVID-19 pandemic, the platform helps redeploy, reskill, and upskill employees. Key features include skill-based matching, promoting internal mobility, and enabling faster transitions to agile workforce structures. The initiative is expected to bolster employee engagement and retention while addressing changing workforce needs.

Workday (NASDAQ:WDAY) has been recognized in the 2020 Gartner Magic Quadrant for Cloud Financial Planning & Analysis Solutions as a Leader for the fourth consecutive year. The company emphasizes its Workday Adaptive Planning solution, utilized by over 5,300 clients, including major corporations like IBM and Microsoft, for agile financial planning. Workday's commitment to product innovation and partnerships with firms such as Accenture and Deloitte enhances its service delivery. Customer reviews average a remarkable 4.9 out of 5, reflecting strong satisfaction with its planning tools and integrations.

Zimit, a software partner of Workday (NASDAQ: WDAY), has achieved Workday Approved integration status. This integration connects Workday Professional Services Automation (PSA) with Zimit's Configure Price Quote (CPQ). The collaboration enables a streamlined Opportunity-to-Cash process by automating quoting and data synchronization, reducing manual errors and improving efficiency. Co-CEO Ali Safadi emphasizes the integration's role in enhancing customer competitiveness and operational alignment.