Workiva Inc. - WK STOCK NEWS

Workiva Inc. (NYSE: WK) has launched a new data preparation capability called Data Prep at its annual conference. This no-code tool enables users to cleanse, transform, and integrate data from various enterprise systems, improving compliance reporting and collaboration. With pre-built transformations, Data Prep standardizes data reporting, reducing inconsistencies and enhancing accuracy. Enhanced by the recent acquisition of OneCloud, this functionality connects seamlessly with over 70 applications, streamlining data integration across platforms.

Wilson Sonsini Goodrich & Rosati has partnered with Workiva Inc. (NYSE: WK) to automate the daunting task of generating the registration statement for initial public offerings (IPOs), known as the SEC Form S-1. Their new tool, WS-1, aims to cut the approximately 950 hours required for drafting these documents, allowing clients to focus on more valuable aspects of the IPO process. The WS-1 has already been used in two pilot projects, showcasing significant efficiency improvements.

The SOX & Internal Controls Professional Group has announced the lineup for the upcoming SOX Summit, taking place virtually on September 20, 2021, from 2:00-4:30 p.m. EDT. Highlights include a keynote from Overstock's CEO Jonathan Johnson, who will discuss leadership and compliance, along with presentations from KPMG partners on identifying material weaknesses. The summit aims to provide actionable insights for accounting professionals, enhancing their personal development and career growth opportunities.

Workiva (NYSE:WK) announced its participation in the BMO 2021 Technology Summit on August 25, 2021. The event will feature presentations by Jill Klindt, Chief Financial Officer, and Mike Rost, VP of Corporate Development and Investor Relations, starting at 9:00 a.m. Eastern Time. A live webcast and replay will be available on the company's investor relations website.

Workiva provides a platform that simplifies complex work, enhancing efficiency and transparency for organizations worldwide. For more information, visit workiva.com.

Workiva (NYSE:WK) reported strong Q2 2021 results, with total revenue increasing by 25.9% to $105.6 million. Subscription and support revenues surged 29.0% year-over-year. The company raised its full-year revenue guidance to $430 million to $432 million. GAAP net loss narrowed to $9.5 million from $19.6 million in Q2 2020, while non-GAAP net income improved to $3.8 million. The customer base grew to 3,949 with a 96.0% revenue retention rate. Workiva acquired OneCloud to enhance its integration capabilities, further positioning itself for growth.

Workiva has acquired OneCloud, a leading iPaaS provider, to enhance its cloud platform capabilities for financial, regulatory, and operational reporting. This strategic move aims to streamline digital transformations for customers by enabling better data integration from various sources. Workiva and OneCloud have collaborated since 2019, solidifying their partnership. The acquisition was announced ahead of the company's Q2 2021 financial results call on August 3. The terms of the deal remain undisclosed, but it is expected to drive innovation and improve data management across enterprises.

Workiva (NYSE: WK) launched The Workiva Marketplace, offering over 140 templates and 60 no-code connectors designed to enhance workflow efficiency within the Workiva ecosystem. This marketplace targets accounting, audit, and financial services teams, allowing quick integration into existing workspaces. Key comments highlight the potential for organizations to streamline operations through these resources, with significant contributions from partners like FloQast and Clearview Group. The initiative reinforces Workiva's commitment to improving productivity and collaboration across varied business functions.