Workday Inc Stock Price, News & Analysis

Workday (NASDAQ: WDAY) announced significant adoption in the retail sector, with nearly 50% of the 2021 NRF Top 100 Retailers choosing its cloud applications for finance and HR. Companies like Saks and PUMA harness Workday to enhance operational efficiency and data visibility amidst challenges like talent shortages and supply chain disruptions. The platform combines financial and operational data, enabling better planning and workforce optimization. Workday's solutions are crucial for retailers navigating digital transformation and improving employee and customer experiences.

Accenture (NYSE: ACN) has partnered with Tokio Marine Kiln (TMK) to digitize and streamline its finance and HR functions using Workday (NASDAQ: WDAY) in the U.K. and Singapore. The transition from multiple manual systems to a unified platform aims to boost operational efficiency and accuracy. The deployment of Workday Financial Management and Human Capital Management was completed in seven months, enhancing TMK's ability to focus on critical business tasks. This collaboration signifies a strategic move towards cloud-first transformation in the insurance sector.

Workday (NASDAQ: WDAY) announced that Robynne Sisco, co-president and CFO, will present at the Wells Fargo Fifth Annual TMT Summit on Nov. 30 at 11:40 a.m. PT. Doug Robinson, co-president, will present at the Barclays Global TMT Conference on Dec. 7 at 6:10 a.m. PT. Both presentations will be available via live webcast. Replays will be accessible for at least 30 days on the Workday Investor Relations site. Workday provides enterprise cloud applications for finance and human resources, helping organizations adapt to changing needs.

Workday, Inc. (NASDAQ:WDAY) has announced a definitive agreement to acquire VNDLY for approximately $510 million in cash. This acquisition aims to enhance Workday's workforce optimization solutions, enabling businesses to efficiently manage all types of workers, including salaried, hourly, and contingent labor. The deal is expected to close in Q4 of Workday's fiscal year 2022, pending regulatory approvals. This strategic move is designed to help organizations gain visibility into total workforce costs, manage compliance, and foster a holistic approach to workforce management.

Workday reported fiscal Q3 2022 revenues of $1.33 billion, reflecting a 20.0% year-over-year increase. Subscription revenues reached $1.17 billion, up 21.0% year-over-year, with a subscription revenue backlog of $10.97 billion, a 23.7% increase. Operating income turned positive at $23.9 million compared to a loss last year, while non-GAAP operating income was $332.2 million. Workday raised its fiscal 2022 subscription revenue guidance to $4.533 billion to $4.535 billion, indicating a promising outlook for growth.

Workday (NASDAQ: WDAY) announced key leadership changes to drive growth, promoting Doug Robinson to co-president and Barbara Larson to CFO effective Feb. 1, 2022. Robinson, previously EVP of global sales, will focus on global sales and international expansion. Larson, who joined in 2014, will manage all finance functions and the Workday Financial Management product strategy. Co-CEO Aneel Bhusri and Chano Fernandez expressed confidence in their capabilities to enhance organizational growth and value for clients amidst evolving market opportunities.

Workday (NASDAQ:WDAY) reports that over 70% of financial services firms in the Fortune 500 have adopted its cloud applications, emphasizing its growth in this sector. In the past 18 months, more than 100 new financial services customers joined, including First Sentier Investors. The company's offerings, such as Workday Financial Management and Workday HCM, enhance operational insights by breaking down data silos, thereby improving decision-making. The adoption reflects a trend towards digital transformation within the financial services, addressing the need for better risk management and efficiency amid market fluctuations.

Workday Inc. (NASDAQ: WDAY) introduced new workforce management tools focused on enhancing the experience of frontline workers. The Workday Scheduling and Labor Optimization solutions allow organizations to better align labor demands with worker preferences, promoting flexibility in shift scheduling. This innovation responds to the significant labor turnover observed, with 4.3 million U.S. workers quitting their jobs in August 2021, primarily from frontline sectors. The offerings aim to improve worker engagement, productivity, and retention in an increasingly competitive labor market.

Workday, a leader in enterprise cloud applications for finance and human resources, will announce its fiscal 2022 third quarter financial results on November 18, 2021, after market close. A conference call is scheduled for 1:30 p.m. PT to discuss the results and business outlook. Interested parties can access a live webcast of the call on the Workday Investor Relations site, with a replay available for 90 days. Workday provides solutions for financial management, human resources, and analytics, serving a wide range of organizations, including over 50% of the Fortune 500.