Workday Inc Stock Price, News & Analysis

Workday has announced key technology and UX innovations designed to help its customer community of over 60 million workers adapt to changing business needs. Highlights include low-code/no-code development capabilities in Workday Extend, enabling easier app creation, and a redesigned user experience to enhance engagement. The Workday Extend App Builder will simplify app development through visual and drag-and-drop tools. Additionally, the Workday Graph API is set to enhance API usability for developers. These advancements aim to improve employee experiences and drive productivity.

Workday (NASDAQ: WDAY) announced its vision to transform its partner ecosystem at the Workday Rising event on Sept. 13, 2022. This initiative aims to enhance customer success and drive innovation through a more open partner program. Key developments include eliminating fees for the Workday Extend partner program and plans to double consulting capacity by fiscal 2026. Workday will launch a new partner program with three tracks focused on innovation, go-to-market, and services, which will enhance collaboration and support customization for clients.

Workday (NASDAQ: WDAY) announced the launch of its next-generation skills technology aimed at enhancing organizational talent strategies. This new offering allows companies to integrate skills data seamlessly into Workday, promoting personalized employee experiences. Collaborating with clients like Accenture and Sun Life, Workday's open skills ecosystem facilitates improved visibility into workforce skills, enabling data-driven talent decisions. Since its introduction in 2018, the Skills Cloud has expanded from 25 million to over 5 billion instances, reflecting a significant demand for skills-based solutions.

Workday (NASDAQ: WDAY) released a report on September 12, 2022, highlighting increased burnout risks across various industries, particularly in transportation, which saw a 16% year-over-year rise in affected companies. Frontline sectors such as healthcare and government also reported significant increases. The report analyzed data from 1.5 million employees in over 600 companies globally. The UK leads with 41% of organizations in the higher burnout risk category, while the U.S. remains steady at 17%.

Workday Inc. (NASDAQ: WDAY) has unveiled new Industry Accelerators aimed at enhancing ERP replacement initiatives for sectors including banking, healthcare, insurance, and technology. Announced during Workday Rising, these accelerators will leverage a network of partners such as Accenture and Deloitte to deliver tailored solutions that simplify digital transformations. The initiative seeks to streamline operations and improve data insights, responding to growing demand for cloud technology in complex markets. Workday continues to support over 9,500 global customers, surpassing $1 billion in annual recurring revenue from financial services.

Salesforce has expanded its use of Workday's suite, including Workday Financial Management and Workday Adaptive Planning, to support its global workforce of over 78,000 employees. This move aims at enhancing operational efficiency and decision-making capabilities as Salesforce continues to grow. The integration of Workday's applications promises improved insights, agility, and an enhanced user experience, aligning with Salesforce's broader strategy of leveraging technology for transformation.

Phenom announced the completion of a Workday Certified integration for University Recruiting, enhancing how Workday customers engage with talent during campus events. This integration connects Workday Recruiting with Phenom's University Recruiting module, streamlining the recruiting process using AI and automation. It allows organizations to efficiently engage with prospective candidates from both in-person and virtual events, ultimately improving the candidate experience. Phenom's commitment to Workday's technology is underscored by this certification.

Workday, Inc. (NASDAQ: WDAY) reported its fiscal Q2 2023 results with total revenues of $1.54 billion, reflecting a 21.9% year-over-year increase. Subscription revenues rose to $1.37 billion, up 22.8% compared to the previous year. However, the company posted an operating loss of $34.1 million, contrasting with a loss of $1.1 million in Q2 2022. Non-GAAP net income per share declined to $0.86 from $1.29. Workday maintains its fiscal 2023 subscription revenue guidance of $5.537 billion to $5.557 billion, indicating 22% growth.

Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications, will host its Financial Analyst Day on September 13, 2022, in Orlando, Florida, at 1:00 p.m. PT. This event coincides with the company’s annual customer conference, Workday Rising. A live webcast will be available on the Workday Investor Relations site, with a replay accessible for at least 90 days following the event.