Welcome to our dedicated page for Workiva news (Ticker: WK), a resource for investors and traders seeking the latest updates and insights on Workiva stock.
Overview
Workiva Inc (NYSE: WK) is a prominent cloud-native platform that transforms the complexities of enterprise reporting and compliance. Integrating cloud reporting, data management, and control solutions, Workiva empowers organizations to collect, link, analyze, and report business data with unparalleled accuracy and accountability. The platform addresses the modern challenges of risk management, regulatory compliance, and data transparency in an environment where synchronized data and real-time insights are essential.
Core Business and Product Offering
The company developed a comprehensive suite of cloud-based productivity tools that include proprietary word processing, spreadsheet, and presentation applications. These applications are seamlessly integrated on a robust data management engine that offers synchronized data, controlled collaboration, granular permissions, and a full audit trail. This enables users to create, review, and publish linked data documents and reports efficiently. The integrated platform is widely utilized by organizations for SEC filings, risk assessments, compliance checking, and management reporting, establishing Workiva as a critical tool in corporate governance and operational oversight.
Operational Capabilities and Industry Application
Workiva excels in simplifying the data aggregation process from diverse systems such as ERP, HCM, and CRM, alongside several third-party cloud and on-premise applications. This interoperability creates a fluid environment for managing enterprise data and ensures that critical decisions are made based on consistent, real-time information. By centralizing and connecting data sources, the platform mitigates enterprise risk and enhances productivity. Key functionalities include:
- Data Integration: Linking disparate data sources for a comprehensive view of enterprise information.
- Controlled Collaboration: Enabling teams across different departments and geographies to work together with strict access controls and audit trails.
- Regulatory Compliance: Assisting organizations in meeting evolving regulatory requirements through accurate and timely reporting.
Market Position and Competitive Landscape
Workiva occupies a unique niche in the market by offering an integrated cloud solution that addresses both financial and compliance reporting needs. Its client base spans thousands of organizations around the globe, including a significant portion of Fortune 500 companies. This penetration in large enterprises underscores its ability to deliver consistent, scalable solutions while navigating complex compliance landscapes. Although the competitive field includes companies offering point solutions, Workiva differentiates itself through its unified approach that caters to both financial reporting and risk management seamlessly.
Expertise and Technological Advantage
The security, accuracy, and efficiency of Workiva's platform stem from deep industry expertise and advanced technological integration. The platform is engineered to handle high volumes of data with robust performance and reliability. Users benefit from a system that not only consolidates data but also enhances decision-making processes by providing an accurate and synchronized data environment. This design philosophy and execution have cemented Workiva's reputation as a trusted partner for organizations aiming to improve operational transparency and compliance efficiency.
Customer Impact and Use Cases
Organizations using Workiva experience improved productivity and reduced risk through its streamlined reporting and compliance workflows. The ability to automatically link and verify data empowers financial teams to produce error-free reports and regulatory filings. Additionally, the platform’s audit trail and permission-based collaboration features instill greater confidence among stakeholders by ensuring that every data modification is recorded and tracked, thereby maintaining high standards of corporate governance.
Conclusion
In summary, Workiva Inc is a multifaceted, cloud-native solution that redefines enterprise reporting and compliance. Its integrated platform not only connects data sources and automates reporting processes but also strengthens corporate accountability and risk management protocols. With a deep understanding of market demands and technological innovations, Workiva continues to serve as an indispensable tool for modern enterprises seeking precision, control, and efficiency in their data management and reporting practices.
Workiva released an episode of ESG Talk featuring Kristen Siemen, former chief sustainability officer at General Motors, discussing GM's integration of electrification, sustainability, and innovation into its corporate culture. The episode, recorded before Siemen's departure from GM, is available on Apple, Spotify, and YouTube. ESG Talk is produced by Workiva, a company providing unified platform solutions for financial reporting, ESG, audit, and risk management.
Deloitte and Workiva have launched four new sustainability-focused accelerators to streamline compliance with the EU's Corporate Sustainability Reporting Directive (CSRD). The new tools include a CSRD Double Materiality Accelerator, Financed Emissions Calculator, ESRS Mapping Accelerator, and Activity Log Analyzer.
These accelerators, available in the Workiva Marketplace, are designed to enhance ESG reporting capabilities by helping organizations with double materiality assessments, Scope 3 greenhouse gas calculations, regulatory gap assessments, and workflow tracking. According to Workiva's research, 88% of institutional investors prioritize companies that effectively integrate financial and ESG data.
Colgate-Palmolive leaders Ann Tracy (Chief Sustainability Officer) and Lauren Richardson (Chief Procurement Officer) appeared on ESG Talk with Alyssa Zucker to discuss sustainability in the consumer packaged goods industry. The discussion highlights Colgate-Palmolive's achievement as the first multinational consumer company to receive Science Based Targets initiative (SBTi) approval for net-zero goals. The conversation explores how collaboration and innovation drive their sustainability initiatives.
The podcast episode is available on Apple, Spotify, and YouTube, hosted by Workiva, a unified platform for financial reporting, ESG, audit, and risk management.
Workiva has released a research report during Climate Week NYC examining companies' preparedness for the Corporate Sustainability Reporting Directive (CSRD) and practitioners' perspectives. The findings were discussed in a crossover episode featuring ESG Talk host Mandi McReynolds, Off the Books host Steve Soter, and Workiva Industry Principals Alyssa Zucker and Esther Toth. The episode is available on Apple, Spotify, and YouTube platforms.
Workiva (NYSE: WK) has announced its Q3 2024 financial results, highlighting a 17% YoY revenue growth to $186 million, driven by a 19% increase in subscription and support revenue to $171 million. The company reported a GAAP net loss of $17 million, significantly improved from $56 million in Q3 2023. Non-GAAP net income was $12 million, up from a loss of $35 million. Workiva's gross profit was $142 million with a 76.5% margin. The company also raised its full-year 2024 revenue guidance to $733-$735 million. Key metrics include a 23% increase in customers with annual contract value (ACV) over $100K, and 28% growth in customers with ACV over $500K. The company has $776 million in cash and marketable securities as of September 30, 2024.
Whole Foods Market showcases its sustainability initiatives in a new episode of ESG Talk, hosted by Alyssa Zucker and featuring Caitlin Leibert, VP of sustainability. The discussion centers on the company's 2023 Impact Report, exploring how technology, supply chain engagement, and industry partnerships drive their sustainability strategy. The episode highlights Whole Foods' commitment to responsible stewardship, sustainable sourcing, and transparency.
The podcast is produced by Workiva, provider of a unified platform for financial reporting, ESG, audit, and risk management. The episode is available on Apple, Spotify, and YouTube platforms.
In the latest episode of ESG Talk, Anke Ehlers, managing director of international sustainability at ALDI SOUTH Group, discusses the Corporate Sustainability Due Diligence Directive (CSDDD) with Andie Wood from Workiva. The conversation focuses on the implications of this new regulation for European companies and ALDI SOUTH's preparation strategies.
The podcast is available on Apple, Spotify, and YouTube. ESG Talk is sponsored by Workiva, a unified platform for financial reporting, ESG, audit, and risk management. For more information, visit workiva.com.
Workiva hosted a special episode of ESG Talk at Amplify Americas, featuring a panel discussion moderated by CNBC's Ron Insana. The panel included industry leaders from Duke Energy, Pie Insurance, KPMG, and Workiva, who explored how reporting professionals can use data and cross-functional collaboration to navigate the rapidly changing ESG landscape.
The episode, titled 'Data-Driven Change: Navigating ESG Challenges With the C-Suite', is available on Apple, Spotify, and YouTube. Workiva, the sponsor of ESG Talk, offers the world's only unified platform for financial reporting, ESG, audit, and risk management. Listeners can learn more about Workiva's solutions at workiva.com.
Workiva Inc. (NYSE:WK), the leading cloud platform for assured, integrated reporting, has announced the date for its third quarter 2024 financial results release. The company will disclose its financial performance for the quarter ending September 30, 2024, after the market closes on November 6, 2024. Following the release, Workiva will host a conference call and live webcast to discuss the results, scheduled to begin at 5 p.m. Eastern Time (21:00 GMT) on the same day. Investors and interested parties can access the webcast through the company's investor relations website at https://investor.workiva.com. The event will be archived and available for replay shortly after the call, providing an opportunity for those unable to attend live to review the discussion.
In the latest episode of ESG Talk, host Andie Wood welcomes Tom Rayner, founder of Sillion, and Ian Plummer, commercial director of Auto Trader Group, to discuss the sustainability skills gap and share insights on implementing a carbon literacy program. The episode focuses on practical advice and lessons learned from successfully training over 1,000 professionals in sustainability skills.
The podcast, brought to you by Workiva, is available on Apple, Spotify, and YouTube. Workiva offers the world's only unified platform for financial reporting, ESG, audit, and risk management. Listeners can learn more about Workiva's solutions at workiva.com.
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