Workday Inc - WDAY STOCK NEWS

Workday (NASDAQ: WDAY) launches a new marketing campaign featuring rock legends Gwen Stefani, Paul Stanley, and Billy Idol to promote its AI agent technology. The campaign, debuting at The Masters from April 7-13, 2025, includes two TV commercials: 'Carmen the Rock Star' and 'Goodnight Rock Stars'.

The ads humorously contrast rock stars attempting corporate life while highlighting Workday's role-based AI agents, which differ from typical task-based agents by containing configurable skills to perform hundreds of tasks. These agents include specialized functions for Contracts, Payroll, Financial Auditing, Policy, Recruiting, Talent Mobility, Succession, and Optimization.

The campaign emphasizes how Workday's AI technology is transforming work environments, enabling collaboration between human employees and digital labor. CMO Emma Chalwin states that 'Agentic AI is not just changing how work gets done, it's reshaping the future of work itself.'

Workday (NASDAQ: WDAY) has announced the integration of Evisort's AI-powered contract intelligence solutions into its platform. The company launched two new products: Workday Contract Intelligence and Workday Contract Lifecycle Management (CLM), now available to Workday HCM and Financial Management customers.

The AI-powered solutions analyze contracts and related documents to extract critical insights, obligations, and risks. Key features include visibility across legal and business documents, identification of revenue opportunities and potential savings, conversational AI interface for contract queries, and streamlined contract lifecycle processes from drafting to storage.

NetApp reported significant cost savings using Workday's contract extraction AI, while Harbor Global praised it as the fastest to deploy and most secure solution in the market. The technology aims to transform contracts into strategic assets by surfacing buried terms and accelerating business decisions while reducing risks.

Workday (NASDAQ: WDAY) has been named a Leader in the 2025 Gartner® Magic Quadrant™ for Student Information Systems. Workday Student, which supports over 3 million student records, provides higher education institutions with comprehensive student lifecycle management capabilities.

The platform has achieved significant adoption with more than 135 customers representing 190+ schools, with 85+ institutions going live since its first deployment in 2018. The solution integrates with Workday's financial, HCM, planning, and grants management systems, offering real-time insights into registration, curriculum, staffing, enrollment, and expenses.

Notable implementations include the University of Arkansas System, Carthage College, Suffolk University, Tallahassee State College, and Wake Forest University. The platform now leverages Illuminate™, Workday's AI technology, and has expanded availability to Canada and Australia-New Zealand markets.

Workday (NASDAQ: WDAY) has announced its Spring 2025 release featuring over 350 new product updates and features across its platform. The release focuses on enhancing HR and finance processes through AI innovations.

Key updates include:

• AI-Powered Talent Management: New features for talent rediscovery, personalized onboarding, and intelligent job recommendations
• Developer Tools: AI Gateway with new data query and document intelligence capabilities
• Workforce Management: Enhanced time tracking features including Time Kiosk for offline clock-in and AI-powered time entry suggestions
• User Experience: Improved Workday Assistant with smarter search, centralized help resources, and a new System Admin Hub
• Finance Solutions: Introduction of Workday Services CPQ for automated service quotes and AI-powered accounts payable processing

Workday (NASDAQ: WDAY) has announced its 2025 annual stockholder meeting, scheduled for Wednesday, June 4, 2025 at 9:00 a.m. Pacific Time / 12:00 p.m. Eastern Time. The meeting will be held in a virtual format.

The record date is set for Monday, April 7, 2025, with only stockholders of record at the close of business on that date eligible to receive notice and vote on meeting matters. The company will provide stockholders with relevant meeting information and materials for review.

A live webcast will be available on the Workday Investor Relations site, with the replay accessible for at least 90 days following the event.

Workday (NASDAQ: WDAY) released 'The Global State of Skills' report revealing critical talent challenges facing businesses. The study shows that 51% of business leaders worry about future talent shortages, while only 32% are confident in their organization's skills for long-term success.

The research highlights a significant shift toward skills-based talent strategies, with 55% of organizations already transitioning to this model and 23% planning to start this year. 81% of leaders acknowledge these strategies drive economic growth through improved productivity and organizational agility.

Key findings show AI's dual role as both a catalyst and enabler of this transition, with 52% of leaders noting its impact on streamlining tasks and enhancing decision-making. However, human skills remain crucial, with communication, teamwork, resilience, and creativity identified as critical skill gaps. Major adoption challenges include reskilling time (43%), change resistance (38%), and infrastructure limitations (28%).

Workday (NASDAQ: WDAY) and Randstad announced a strategic partnership to revolutionize talent acquisition by combining Workday's AI-powered Recruiting Agent with Randstad's extensive talent network. The integration aims to streamline hiring processes and improve business outcomes.

The partnership addresses a critical challenge highlighted in the 2025 World Economic Forum Future of Jobs Report, which predicts a 42% decline in talent availability by 2030. Workday's Recruiting Agent, powered by Illuminate, processed over 700,000 job requisitions in 2024, increasing customers' recruiting capacity by 54%.

Key benefits include enhanced access to qualified professionals, AI-driven smart matching, seamless workflow integration, and accelerated hiring processes. The integrated solution is currently available to Workday Recruiting Agent customers in the U.S., with plans for broader availability in the future.

Workday (WDAY) reported strong fiscal 2025 fourth quarter and full year results. Q4 total revenues reached $2.211 billion, up 15.0% year-over-year, with subscription revenues of $2.040 billion increasing 15.9%. Full-year revenues totaled $8.446 billion, a 16.4% increase, while subscription revenues grew 16.9% to $7.718 billion.

Q4 operating income was $75 million (3.4% of revenues), impacted by $75 million in restructuring expenses. The company's 12-month subscription revenue backlog grew 15.2% to $7.63 billion, while total subscription backlog increased 19.7% to $25.06 billion. Operating cash flows improved 14.5% to $2.461 billion.

Workday now serves over 11,000 organizations globally, including 30% of Forbes Global 2000. The company expects fiscal 2026 subscription revenue of $8.800 billion (14% growth) with a non-GAAP operating margin of 28.0%.

Workday (NASDAQ: WDAY) has appointed Gerrit Kazmaier as president of product and technology, effective March 10, succeeding retiring executive Sayan Chakraborty. Kazmaier joins from Google Cloud, where he led the data analytics and business intelligence division and oversaw AI-ready data cloud strategy. Prior to Google, he spent nearly 11 years at SAP in various leadership roles, including president of SAP HANA and Analytics.

The appointment aims to drive Workday's next phase of innovation, particularly in AI transformation for HR and finance applications. CEO Carl Eschenbach praised Kazmaier's enterprise software experience and track record in cloud and AI transformation, while acknowledging Chakraborty's decade-long contributions to the company's innovation strategy.