Workday Inc Stock Price, News & Analysis

Workday Inc. (NASDAQ: WDAY) has been recognized as a Leader in the Gartner Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises for the sixth consecutive year. The company received this accolade for its ability to execute and has over 3,700 global customers utilizing its Human Capital Management (HCM) solutions. Recent innovations include the acquisition of Peakon, aimed at enhancing employee experience insights, and the introduction of Skills Cloud, which helps organizations manage talent effectively during the recovery from the pandemic.

Workday, Inc. (NASDAQ: WDAY) announced strategic leadership appointments aimed at accelerating its revenue growth towards $10 billion. Pete Schlampp has been appointed as chief strategy officer, while Sayan Chakraborty becomes the executive vice president of Product and Technology. Both leaders, with over 20 years of experience, will enhance the company's strategic vision and innovation efforts. Aneel Bhusri, co-founder and co-CEO, expressed confidence in their ability to execute growth strategies effectively, leveraging their track records in customer-focused initiatives and technological innovation.

Workday, Inc. (NASDAQ: WDAY) announced Workday Everywhere, a new offering that integrates Workday tasks into popular digital workspaces, enhancing productivity and engagement for employees. This initiative addresses challenges posed by the hybrid work environment, allowing seamless access to Workday from various applications, including Microsoft Teams and Slack. Designed with employee experience in mind, it leverages machine learning to provide personalized recommendations and notifications. Workday Everywhere is available at no extra cost to Human Capital Management customers.

Workday, Inc. (NASDAQ: WDAY) announced on September 29, 2021, that Google has enhanced its subscription to Workday’s cloud applications, including Workday Adaptive Planning, Workday Extend, Workday Prism Analytics, and Workday Strategic Sourcing. This expansion aims to support Google's global workforce by improving talent management and HR operations. As organizations adapt to dynamic environments, Workday’s solutions provide the necessary data-driven insights and flexibility for effective hiring and growth.

Workday Inc. (NASDAQ: WDAY) announces that nearly 1,000 organizations are leveraging its Skills Cloud to enhance workforce management. With the new skills foundation solution, customers can streamline the adoption of skills infrastructure, including tools like Talent Marketplace. A McKinsey report shows 87% of executives see skill gaps; Workday addresses this with real-time skill analytics. Since its launch, Skills Cloud has grown verified skills from 25 million to over 2 billion, equipping organizations to better align talent with business needs.

Workday (NASDAQ: WDAY) announced its 2021 financial analyst day, set for September 21, 2021, at 1:00 p.m. PT. The event will be virtual, featuring key presentations from senior executives regarding the company’s corporate strategy, product innovation, financial performance, and customer growth. Stakeholders can access the live webcast on the Workday Investor Relations site, with replays available for 90 days post-event.

Workday has announced the acquisition of Zimit, a leader in configure price quote (CPQ) solutions for services industries. This strategic move aims to enhance Workday's quote-to-cash offerings, enabling improved revenue visibility and operational efficiency. The integration of Zimit's technology is expected to streamline the quoting process, reducing turnaround time from days to minutes. The deal is projected to close in Q3 of Workday’s fiscal year 2022, pending customary conditions. Financial details of the acquisition remain undisclosed.