WalkMe Ltd. Ordinary Shares - WKME STOCK NEWS

WalkMe Ltd. (NASDAQ: WKME) has appointed Hagit Ynon as its Chief Financial Officer. Ynon, who has served as interim CFO for the past six months, has been with the company for over three years, previously as EVP of Finance & Operations. CEO Dan Adika praised her experience and leadership in building WalkMe's finance organization and contributing to its IPO process. Ynon expressed enthusiasm for driving the company's strategy toward profitability and operational excellence. She previously held finance leadership roles at NICE, bringing nearly two decades of experience to WalkMe.

WalkMe Ltd. (NASDAQ:WKME) reported a 22% revenue growth to $64.9 million for Q4 2022, with subscription revenue up 21% to $58.7 million. Annualized Recurring Revenue (ARR) reached $262 million, a 19% increase year-over-year. The company achieved significant operational improvements, reducing Non-GAAP operating loss to 16% of revenue, down from 35% in Q4 2021. The company anticipates revenue growth of 10% to 13% for 2023, with expected total revenue between $269 million and $276 million. Hagit Ynon was appointed Chief Financial Officer, focusing on operational efficiency and positive free cash flow by Q4 2023.

WalkMe Ltd. (NASDAQ: WKME) is set to announce its fourth quarter and FY2022 financial results on February 15, 2023, prior to U.S. market opening. The company will hold a conference call at 5:00 a.m. PT (8:00 a.m. ET) to discuss its performance. Interested parties can access the call via a webcast at WalkMe's investor website. The Digital Adoption Platform of WalkMe aims to enhance user experience and productivity while aiding organizations in their digital transformations.

Matillion has appointed Tamar Elan as its inaugural Chief People Officer, aiming to enhance its people-focused culture amidst growth. With over 20 years of experience, Elan has previously served in senior HR roles at Versatile and Walkme (NASDAQ: WKME). CEO Matthew Scullion emphasized the importance of prioritizing employee initiatives as an integral part of the company's strategy. Elan's expertise includes designing people strategies and change management, which will support Matillion's goal of delivering ready-to-use data faster for enterprises. This leadership move aligns with Matillion's commitment to empowering its workforce.

WalkMe Ltd. (NASDAQ: WKME) announced that co-founder Rafael Sweary is stepping down as President, effective January 5, 2023, though he will remain on the Board. Michele Bettencourt has been appointed as Chairperson of the Board of Directors, effective December 31, 2022. Sweary expressed gratitude for the past 12 years and confidence in the current leadership team. Bettencourt emphasized WalkMe's potential to enhance digital experiences globally and looks forward to driving the company's growth together with the management team.

WalkMe Ltd. (NASDAQ:WKME), a leader in digital adoption solutions, will have its management team participate in three upcoming investor conferences. The details include: Credit Suisse's 26th Annual Technology Conference on November 29 at 8:50 a.m. MT, Wells Fargo TMT Summit on November 30 at 3:50 p.m. PT, and Barclays Global Technology, Media, and Telecommunications Conference on December 7 at 4:50 p.m. PT. Presentations will be webcast live on WalkMe's investor relations website, with replays available afterward.

WalkMe Ltd. (NASDAQ:WKME) reports 25% year-over-year revenue growth, reaching $63.4 million in Q3 2022. Annualized Recurring Revenue (ARR) increased 26% to $254 million. DAP customer count grew 38% to 155, with ARR from DAP customers climbing 63% year-over-year. Despite a GAAP operating loss of $26.4 million, the company improved operational efficiency, aiming for positive free cash flow in 2023. For Q4 2022, WalkMe forecasts revenue between $62.9 to $64.9 million, a growth of 18% to 22% year-over-year, alongside a projected non-GAAP operating loss of $13.2 to $11.2 million.

WalkMe Ltd. (NASDAQ: WKME) has been approved to join the UK government's G-Cloud Digital Marketplace, enhancing its position in the public sector. This initiative simplifies the procurement of IT services for government and public sector organizations, aiming to improve the efficiency and accessibility of digital services. WalkMe's digital adoption platform will help in increasing the adoption of digital tools across agencies, ultimately improving citizen experiences and reducing the burden on contact centers.

WalkMe has been recognized as a leading provider of digital adoption solutions by Forrester Research, receiving the highest score of 'differentiated' in seven out of ten criteria in its Q4 2022 evaluation report. The company was noted for its 'current offering' and innovation roadmap, showcasing its suitability for large enterprises. This recognition is part of a series of accolades, including being named a leader in the Gartner's 2022 Market Guide and the Everest Group PEAK Matrix. WalkMe serves around 2,000 customers, including 80% of the Fortune 10.