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Workiva Inc. (NYSE: WK) is a leading provider of cloud-based software solutions that simplify the complexities of reporting and compliance for enterprises. Headquartered in Ames, Iowa, Workiva’s flagship product, Wdesk, is a productivity platform that enables organizations to collect, link, report, and analyze business data with unparalleled control and accountability. The platform integrates proprietary word processing, spreadsheet, and presentation applications built upon a robust data management engine, ensuring synchronized data, controlled collaboration, granular permissions, and a comprehensive audit trail.
Currently serving over 6,000 organizations globally, including more than 65% of the Fortune 500, Workiva helps mitigate enterprise risk, improve productivity, and enable real-time decision-making. The platform is versatile, supporting a wide range of reporting requirements, from SEC filings to risk and compliance management.
Workiva’s platform is renowned for connecting and transforming data from a multitude of enterprise resource planning (ERP), human capital management (HCM), and customer relationship management (CRM) systems, along with other third-party cloud and on-premise applications. This capability allows users to create, review, and publish data-linked documents and reports with higher control, consistency, accuracy, and productivity.
Recent achievements include Workiva’s collaborative efforts in the realm of Environmental, Social, and Governance (ESG) reporting. The company has hosted webinars and podcasts with industry leaders to explore the evolving landscape of ESG regulations and integrated reporting. Noteworthy discussions include the value of collaboration in ESG with executives from Nike and the New York Stock Exchange, and the role of ESG controllers in bridging finance and sustainability with Mastercard.
Workiva employs over 1,000 people across 15 cities worldwide, demonstrating a significant global presence. The company continues to innovate, recently hosting a webinar in partnership with PwC to discuss the 2024 Executive Benchmark on Integrated Reporting, reflecting its commitment to staying ahead of reporting regulations and providing its customers with leading-edge solutions.
For more information, visit workiva.com.
Workiva has acquired the Arelle® Extensible Business Reporting Language (XBRL®) validation platform from Mark V Systems Limited. This acquisition positions Workiva as the primary steward of Arelle, which is the leading open-source XBRL validation engine, utilized by over 50 global regulators and banks. The deal secures management of the Arelle domain and trademark, along with a consulting agreement with Mark V Systems CEO Herman Fischer. Workiva aims to enhance transparent reporting and ensure the continued open-source availability of Arelle technology.
Workiva Inc. (NYSE: WK) announced the scheduled release of its fourth quarter and fiscal year 2021 financial results on February 22, 2022, after market closure. An investor conference call is set for 5:00 p.m. ET the same day, accessible via dial-in or live webcast. The call's replay will be available until March 1, 2022. Workiva provides a platform that enhances efficiency, transparency, and reduces risk for organizations worldwide.
Workiva announced the acquisition of AuditNet, a provider of global audit content and services, aimed at enhancing transparency and efficiency in internal auditing. AuditNet's platform, which supports over 160,000 audit practitioners, will integrate its resources into Workiva's offerings, furthering its commitment to digital transformation in audit processes. The acquisition aligns with Workiva's recent recognition as a leader in Governance, Risk, and Compliance (GRC) platforms. Terms of the agreement remain undisclosed.
Workiva (NYSE:WK) announced its participation in two upcoming virtual investor conferences. The management team will present at the Wells Fargo Virtual TMT Summit on
Workiva simplifies complex work for organizations with its innovative platform, enhancing efficiency and transparency.
Workiva reported Q3 2021 revenue of $112.7 million, a 27.9% increase from Q3 2020, driven by a 30.4% rise in subscription and support revenue. Customer growth continued, with a 41.3% increase in clients with annual contracts over $150K.
The company raised its full-year guidance, projecting total revenue between $439 million and $440 million. Non-GAAP net income reached $8.7 million, up from $2.5 million a year earlier. However, GAAP loss from operations stood at $8 million, worsening from a $6.9 million loss in the prior year.
Workiva (NYSE:WK) has announced its upcoming annual Investor Day, scheduled for Thursday, Nov. 18, 2021, starting at 9:00 a.m. CT. This virtual event will feature presentations from key executives, including Marty Vanderploeg, Julie Iskow, and Jill Klindt, covering the company’s platform, markets, and go-to-market strategies. Investors can access the live webcast via the investor relations website, where a replay will also be available.
The SOX & Internal Controls Professional Group, in collaboration with KPMG US and Workiva (NYSE:WK), released its sixth annual survey highlighting trends in SOX compliance amid the ongoing impacts of the COVID-19 pandemic. Key findings indicate that 53% of companies shifted to fully remote work, while 62% reported no loss in SOX compliance staff. The average number of key controls increased to 300, driven by company revenue. Despite positivity in compliance adjustments, 75% of practitioners still utilize multiple technologies, and automation remains underutilized, with two-thirds not employing bots.
Workiva (NYSE: WK) announced it will release its third quarter financial results on November 3, 2021, after market closure. Following this, an investor conference call will be held at 5:00 p.m. ET. Investors can join by dialing 833-968-1977 (U.S.) or 647-689-6649 (international), using conference ID 8009407. A replay will be available until November 10, 2021, along with an archived webcast on their investor relations site.
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