Workday Inc Stock Price, News & Analysis

Workday, Inc. (NASDAQ: WDAY), a frontrunner in enterprise cloud applications for finance and human resources, has announced its 2023 annual meeting of stockholders will take place virtually on June 22, 2023, at 9:00 a.m. Pacific Time. The record date for stockholders entitled to vote is set for April 25, 2023. Workday plans to provide essential information regarding the meeting and encourages stockholders to review it promptly. A live webcast will be available on the Workday Investor Relations site, with a replay accessible for at least 90 days thereafter.

Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications, announced that co-CEOs Aneel Bhusri and Carl Eschenbach will present at the Morgan Stanley Technology, Media and Telecom Conference in San Francisco on March 9, 2023, at 8:35 a.m. PT/11:35 a.m. ET. The presentation will be available via a live webcast.

A replay of the presentation will be accessible on the Workday Investor Relations site for at least 90 days post-conference. Workday provides cloud applications for finance and human resources, utilized by over 10,000 organizations globally, including more than half of the Fortune 500.

HackerRank has achieved Workday Certified Integration status, enhancing the integration of its technical skill assessments into Workday Recruiting. This partnership aims to speed up the recruitment process by allowing recruiters to accurately assess candidates' technical skills directly within the Workday platform. The new integration is designed to help businesses fill technical skill gaps more effectively, supporting a skills-based hiring approach. Customers like DraftKings report improved hiring efficiency, highlighting the benefits of this integration.

Workday, Inc. (NASDAQ: WDAY) reported strong fiscal 2023 results, with total revenues reaching $6.22 billion, a 21.0% increase year-over-year. Fourth quarter revenues stood at $1.65 billion, up 19.6%, and subscription revenues hit $5.57 billion, marking a 22.5% year-over-year growth. Despite a net loss per share of $1.44, the company reported a non-GAAP operating income of $1.21 billion for the fiscal year. The subscription revenue backlog increased to $16.45 billion, reflecting strong demand for Workday's solutions. The company's fiscal 2024 guidance anticipates subscription revenue growth of 17% to 18%.

Workday has announced the appointments of Sayan Chakraborty as co-president and Robynne Sisco as vice chair, alongside the election of Mark Hawkins as an independent director. These changes underscore the company's commitment to advancing artificial intelligence and machine learning in its financial management solutions. Chakraborty, who is part of the National Artificial Intelligence Advisory Committee, will continue to lead product and technology efforts. Sisco transitions from co-president to vice chair, focusing on global sales. Hawkins brings extensive experience from Salesforce and other firms, enhancing Workday's board expertise.

Jade Global has announced its designation as a Workday Application Management Services (AMS) Partner, enhancing its capabilities to provide continuous support for Workday Financial Management and Human Capital Management (HCM). This partnership aims to help customers optimize their investments in Workday applications through a range of services including system integrations, application management, and business process configuration. With over 20 years of experience and a strong customer retention rate of 99%, Jade Global is committed to delivering reliable applications that enhance operational visibility and drive business value.

Workday (NASDAQ: WDAY), a leader in enterprise cloud applications, plans to report its fiscal 2023 fourth quarter and full year financial results on February 27, 2023, after market close. A conference call to discuss the results and business outlook will follow at 1:30 p.m. PT / 4:30 p.m. ET. Investors can access a live webcast of the call through the Workday Investor Relations site, with a replay available for at least 90 days. The company serves thousands of organizations globally, including more than 50% of the Fortune 500.

Workday (NASDAQ: WDAY) announced a $250 million expansion of its Workday Ventures fund to drive innovation in artificial intelligence (AI) and machine learning (ML). This investment aims to strengthen its position as a leader in enterprise cloud applications, supporting customers' adaptation to emerging working models and technologies. The expansion emphasizes investments in AI and ML technologies, intelligent automation, and targeted markets. Workday Ventures has previously invested in 43 technology companies, showcasing its commitment to shaping the future of work.

Workday, Inc. (NASDAQ: WDAY) faces backlash from Rock & Roll icons, including Billy Idol and Ozzy Osbourne, for its use of the term 'rock star' in corporate contexts. These musicians argue the moniker should be reserved for those who earned it through significant contributions to music. The protest was sparked by Workday's new campaign, which celebrates its customers as 'rock stars' in the workplace. The campaign also features a Super Bowl advertisement airing on February 12, 2023. Workday's CMO acknowledged the distress caused by this terminology and pledged to use the phrase more thoughtfully in the future.