Workday Inc Stock Price, News & Analysis

Workday announces its entry into the federal market with the launch of Workday Government Cloud, achieving Ready status under FedRAMP at a Moderate impact level. This move aims to support federal agencies in IT transformation by providing real-time insights into workforce development, compliance, and financial sustainability. The federal sector faces challenges, including workforce shortages and regulatory pressures. With the Workday Government Cloud, agencies can effectively manage resources and navigate compliance requirements. The full Authority to Operate is anticipated by Spring 2022.

Google Cloud and Workday Inc. (NASDAQ: WDAY) have partnered to support global businesses in their digital transformation. This collaboration enables customers to run Workday's enterprise applications—including Financial Management, Human Capital Management, and Adaptive Planning—on Google Cloud's infrastructure. With over 50 million users, Workday aims to enhance workforce productivity while ensuring security and performance. The partnership includes co-marketing and co-selling initiatives to expand market awareness, addressing the need for flexible data management solutions.

Workday, Inc. (NASDAQ: WDAY) will announce its fiscal 2022 Q2 financial results on August 26, 2021, after market close. A conference call will follow at 1:30 PM PT / 4:30 PM ET to discuss the results and business outlook. Interested investors can access a live webcast on the Workday Investor Relations site, with a replay available for at least 90 days. Workday specializes in cloud applications for finance and human resources, serving customers ranging from medium-sized businesses to over 45% of the Fortune 500.

Workday has partnered with RSM US LLP, one of the largest accounting firms, to enhance operational efficiency and service delivery. This collaboration will integrate Workday Financial Management, Human Capital Management (HCM), and Professional Services Automation (PSA) into one platform, aimed at streamlining processes and improving visibility into performance. With over 13,000 employees, RSM aims to better manage their growth and customer service by eliminating data silos and optimizing project billing through this digital transformation initiative.

CareerBuilder has achieved Workday Certified Integration status, enhancing its Talent Acquisition Suite by connecting with Workday Recruiting. This integration aims to streamline the hiring process, reducing time-to-hire and boosting applicant engagement. Candidates can now apply with a single click, improving data collection and completion rates in job applications. According to CareerBuilder's CEO, this integration addresses challenges in a competitive job market by simplifying the application process for both employers and candidates.

Workday announces the expansion of its Payroll solutions to Australia and Germany, building on its strong cloud foundation. This enhancement allows seamless integration with human capital management (HCM) systems, improving efficiency, compliance, and user experience. Expected deployments for early adopters are set for 2023, alongside existing solutions in the U.S., Canada, France, and the UK. The enhancements emphasize automation, efficiency, and real-time processing to meet the needs of large organizations in the EMEA and Asia-Pacific regions.

ERPA has been designated a Workday Application Management Services (AMS) Partner, enhancing its offerings to clients using Workday Financial Management and Human Capital Management (HCM). This partnership enables ERPA to provide functional, technical, and administrative support, helping customers optimize their Workday investments. Led by experts, ERPA aims to streamline operations, offering services that enhance the post go-live experience and promote adoption of new functionalities. Founded in 1999, ERPA is a leader in enterprise application managed services.

Workday (NASDAQ: WDAY) reported a 40% year-over-year surge in Financial Management deployments, driven by increased demand for cloud-based finance solutions. In fiscal year 2021, the company executed over 1,800 customer deployments worldwide, achieving a 97% customer satisfaction score. Workday's swift transition to virtual deployments highlighted its commitment to customer success during the pandemic, enabling organizations to maintain business continuity. Key clients included GE and Nebraska Medicine, emphasizing the flexibility and efficacy of Workday's services.