Workday Inc Stock Price, News & Analysis

Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions for managing people and finances, has announced the date for its fiscal 2025 second quarter financial results. The company will release its results after market close on Thursday, August 22, 2024. Following the release, Workday will host a conference call at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time to discuss the financial results and business outlook. Investors and interested parties can access a live webcast of the event on the Workday Investor Relations site. For those unable to attend live, a replay of the webcast will be available for at least 90 days after the conference call.

Workday (NASDAQ: WDAY) has announced significant AI enhancements to transform talent management. HiredScore AI for Recruiting and Talent Mobility are now available through Workday, offering AI-powered talent orchestration to improve productivity and hiring processes. Customers like AdventHealth and Southwest Airlines have reported substantial benefits, including faster hiring and increased internal applications.

Additionally, Workday introduced new AI capabilities in Workday Job Architecture, featuring an Intelligent Job Architecture Hub, market-trending skills suggestions, and generative AI for job profile creation. These innovations aim to help organizations build future-ready workforces, streamline job management, and accelerate skills-based talent strategies.

The new solutions are available to Workday Recruiting and Talent Optimization customers, with Job Architecture updates rolling out to Workday HCM customers this year.

Workday (NASDAQ: WDAY) and Kainos Group (KNOS) have expanded their strategic partnership to advance the development and distribution of purpose-built apps for Workday customers through Built on Workday. This program, launched in June 2024, allows partners to build, launch, and manage apps on the Workday platform.

The partnership will provide customers with direct access to Kainos' products: Smart Test, Smart Audit, and Employee Document Management. These products will be listed on Workday Marketplace, helping customers automate and scale their Workday operations. Workday's sales teams will be incentivized to introduce and co-sell Kainos Products across North America, Europe, and Asia Pacific.

Kainos expects this agreement to more than triple their ARR over the next six years. The collaboration aims to accelerate app development and distribution, helping joint customers recognize greater value from their Workday investment.

Salesforce (NYSE: CRM) and Workday (NASDAQ: WDAY) have announced a strategic partnership to launch an AI-powered employee service agent. This assistant, leveraging Salesforce's Agentforce Platform and Einstein AI, alongside Workday's platform and AI, will assist with tasks such as onboarding, health benefits, and career development.

The integration includes a shared data foundation combining HR and financial data from Workday with CRM data from Salesforce. Workday will also be integrated into Slack for streamlined employee collaboration.

This initiative aims to enhance productivity, reduce costs, and improve employee experiences by automating tasks and providing personalized support.

Amazon Web Services (AWS) and Workday have expanded their partnership to enhance generative AI solutions, streamline custom application development, and boost joint market initiatives. Leveraging AWS technologies like Amazon Bedrock and Amazon SageMaker, they aim to revolutionize workforce management and financial reporting. The collaboration will also increase native integrations with AWS to help developers create custom applications efficiently. Joint efforts will focus on enhancing customer experiences, increasing productivity, and complying with regional regulations. The partnership seeks to accelerate cloud transformation and provide innovative AI-driven solutions for global organizations.

Groundswell and Workday have announced the successful implementation of Workday Government Cloud for a prominent U.S. federal agency. This marks a key milestone in the agency's efforts to modernize its human resources systems, replacing an outdated on-premises database. Thousands of staff members will now have access to cloud-based solutions, enabling decentralized decision-making and efficient management. The project underscores Groundswell's capabilities in ERP transformation and follows their recent success with the Defense Intelligence Agency. Workday aims to support the federal push towards modern and agile ERP systems.

Workday (NASDAQ: WDAY) has announced the election of Michael Speiser to its Board of Directors. Speiser, a seasoned technology leader and venture capitalist, brings over three decades of experience. He has a proven track record of building high-growth companies and developing industry-leading AI products. Speiser's appointment signals Workday's commitment to AI innovation and global expansion. He is currently a managing director at Sutter Hill Ventures and has held leadership roles at Snowflake, Augment, Observe, Pure Storage, and Yahoo! Workday's leadership views his election as pivotal for the company's next growth phase.

Experian has secured Workday Certified Integration for its Work Opportunity Tax Credit (WOTC) solution. This integration allows Workday Human Capital Management (HCM) users to access Experian’s real-time WOTC eligibility determination. The solution simplifies the screening process, aiming to enhance the candidate experience and reduce abandonment rates. Annually, Experian conducts over 14 million WOTC screenings, securing over $1 billion in tax credits for employers. The integration marks Experian's third collaboration with Workday, following previous integrations for Tax Withholding and ACA Reporting.

SkillStorm announced a new partnership with Workday (NASDAQ: WDAY) to offer Workday-certified technical consultants. This collaboration aims to enhance productivity by providing purpose-built teams for Workday customers in both federal and commercial sectors. SkillStorm will leverage its Techforce by Design model to create scalable tech teams with expertise in Workday Financial Management and Human Capital Management (HCM). These teams are specialized to meet the specific needs of federal markets, including clearance requirements, thereby accelerating deployment and generating significant value for partners and end customers.