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WalkMe Ltd. (NASDAQ: WKME) is a leading enterprise-class digital adoption platform that helps organizations realize the full potential of their software investments. Founded in Tel Aviv, Israel, WalkMe provides a cloud-based platform that offers a GPS-like experience for navigating websites, SaaS applications, and mobile apps. The platform delivers step-by-step interactive guidance through a series of on-screen tip balloons, enabling users to complete tasks efficiently without the guesswork typically associated with software usage.
WalkMe’s primary focus is on enhancing productivity, reducing costs, and ensuring software is adopted effectively across organizations. The company's AI-driven platform sits atop an organization's tech stack, identifying friction points and providing personalized guidance and automation to streamline workflows.
WalkMe’s clientele includes global giants like IBM, Nestle, ThermoFisher Scientific, and the U.S. Department of Defense. These organizations trust WalkMe to improve user experiences and maximize the return on their software investments.
Recent milestones underline WalkMe’s commitment to innovation and leadership in the digital adoption space. For instance, the company recently filed its annual report for the fiscal year ended December 31, 2023, with the Securities and Exchange Commission. Additionally, WalkMe has been recognized by industry analysts, including being named a leader in the IDC MarketScape Worldwide Digital Adoption Platforms 2024 report, and winning multiple industry awards.
WalkMe is set to host its annual Realize conference on June 18, 2024. This event will spotlight the company's latest advancements in AI-driven digital adoption and its new generative AI offering, which aims to shape the future of work.
Financially, WalkMe has shown robust growth. In the first quarter of 2024, the company reported record high free cash flow and achieved the high end of its revenue guidance. Strategic partnerships with industry leaders like Cognizant and UST further bolster WalkMe’s position, enhancing its capabilities to assist organizations in navigating digital transformations.
In a significant development, WalkMe and SAP SE have entered into an agreement for SAP to acquire WalkMe for approximately $1.5 billion, a move that promises to expand WalkMe’s market reach and enhance its product offerings.
For more information, visit the Investor Relations site or the WalkMe website.
WalkMe Ltd. (NASDAQ:WKME), a top provider of digital adoption solutions, has announced its management team's participation in several key investor conferences. The schedule includes a webinar and fireside chat with Citi on February 22 at 11:00 am PT, the JMP Securities Technology Conference on March 7 at 1:00 pm PT, KeyBanc Emerging Technology Summit on March 8 at 3:00 pm PT, and Morgan Stanley’s Technology, Media & Telecom Conference on March 10 at 11:30 am PT. Presentations will be live-streamed on WalkMe’s investor relations website, with replays available afterwards.
WalkMe Ltd. (NASDAQ:WKME) reported a strong Q4 2021 with total revenue reaching $53.3 million, up 37% year-over-year, and subscription revenue of $48.6 million, marking a 39% increase. Annualized Recurring Revenue (ARR) grew by 34% to $219.6 million, while Remaining Performance Obligations soared by 54% to $316.2 million. Despite a GAAP operating loss of $29.1 million, the company is optimistic about 2022, expecting total revenue between $251 million and $255 million, reflecting a growth rate of 30% to 32%. Strategic partnerships, particularly with Accenture, further bolster their market position.
WalkMe (NASDAQ: WKME) announced the release of Digital Adoption for Dummies, WalkMe Special Edition by Wiley on Feb. 9, 2022. This book addresses the challenges of digital transformation and the importance of digital adoption platforms (DAP) in maximizing technology investments. Notably, 70% of digital transformations fail to meet their objectives. WalkMe, with over 35 million users across 42 countries, shares insights on improving user experience and productivity through DAP. The publication marks a decade since WalkMe pioneered the DAP category, showcasing successful case studies and practical strategies.
WalkMe Ltd. (NASDAQ: WKME) will release its fourth quarter and full year 2021 financial results on February 16, 2022, following the close of U.S. markets. A conference call and webcast will be held at 2:00 p.m. Pacific Time, 5:00 p.m. Eastern Time, to discuss performance details. The call can be accessed via dial-in or through the company's investor relations website. WalkMe offers a cloud-based Digital Adoption Platform designed to enhance digital transformation and value realization from software investments.
WalkMe Ltd. (NASDAQ: WKME) has appointed Chelsea Pyrzenski as Chief People Officer to enhance its global workforce and foster a high-performance culture. Pyrzenski will focus on attracting and retaining talent, overseeing DEI and ESG initiatives. With experience from HireRight and VIZIO, she aims to support WalkMe's mission of user-centric digital transformation. This comes as demand for digital adoption solutions accelerates, with WalkMe serving over 35 million users across 42 countries, including 31% of the Fortune 500.
WalkMe Ltd. (NASDAQ:WKME), a leader in digital adoption solutions, will participate in several upcoming investor conferences. Key events include the Credit Suisse 25th Annual Technology, Media & Telecom Conference on November 30, 2021, the Wells Fargo TMT Summit on December 2 at 1:00 p.m. PT, and the Barclays Global Technology, Media & Telecom Conference on December 7 at 10:50 a.m. PT. These presentations will be webcast live and available for replay on WalkMe’s investor relations website.
WalkMe Ltd. (NASDAQ: WKME) announced a strategic alliance with Deloitte to enhance digital adoption solutions. Deloitte will establish a U.S.-based team to deliver Digital Adoption Services, developed with WalkMe's expertise. This partnership aims to meet the growing demand for digital transformation initiatives, as highlighted by Constellation Research, which identifies digital adoption as a priority for CIOs. With over 35 million users and 31% of the Fortune 500 utilizing its platform, WalkMe continues to lead in Digital Adoption Platforms (DAPs) to simplify enterprise technology engagement.
WalkMe Ltd. (NASDAQ: WKME) has expanded its partnership with SAP Concur, launching the Concur User Assistant. This solution extension offers self-service guidance and content within the SAP Concur platform, enhancing employee onboarding and digital adoption. Available in both freemium and premium versions, the tool allows organizations to create custom guides, analyze workflow data, and provide in-app assistance. With a user base exceeding 35 million, WalkMe aims to facilitate better technology interaction for employees globally, especially in a hybrid work environment.
WalkMe reported strong Q3 results, with subscription revenue rising 37% year-over-year to $46.1 million and total revenue reaching $50.6 million, also up 31% year-over-year. Remaining Performance Obligations (RPO) climbed 49% to $272.2 million, while enterprise-wide Digital Adoption Platform (DAP) customers surged 93% to 112. The company expects Q4 total revenue between $51.5 and $52.5 million, a 32% to 35% growth. However, GAAP operating loss widened to $17.8 million, reflecting ongoing investment for future growth.
WalkMe Ltd. (NASDAQ: WKME) will announce its Q2 2021 financial results after U.S. market close on November 10, 2021. A live conference call is scheduled for 2:00 p.m. PT (5:00 p.m. ET) to discuss the company's performance. This call will be accessible via a webcast and dial-in options. WalkMe's Digital Adoption Platform aims to enhance digital transformations and realize software value, providing visibility for CIOs while improving user productivity and efficiency.
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