Workday Inc Stock Price, News & Analysis

Workday (NASDAQ: WDAY) has been positioned in the Leaders quadrant of the 2022 Gartner Magic Quadrant for Cloud ERP for Service-Centric Enterprises, reflecting its completeness of vision and ability to execute. This designation highlights Workday's innovative solutions that integrate financials, human resources, and operations, helping over 9,500 customers worldwide navigate transformation effectively. The company achieved a remarkable 97% customer satisfaction rating, demonstrating strong value in enhancing efficiency and decision-making for service-centric organizations.

Workday (NASDAQ: WDAY) announced on July 13, 2022, that it has achieved FedRAMP Authorized status for its Workday Government Cloud, enabling its entry into the U.S. federal government market. This status certifies that Workday meets stringent cloud security requirements. The platform will assist federal agencies in addressing workforce needs, managing finances, and complying with regulations. With significant experience across various sectors, Workday aims to support federal organizations in navigating rapid changes.

Workday (NASDAQ: WDAY) announces strong demand for its Workday Adaptive Planning solution, as organizations across various sectors like healthcare and finance enhance their planning capabilities. As of March 31, 2022, large enterprise customers are generating over 40% more planning scenarios compared to pre-pandemic levels. The platform aids in breaking down data silos, applies machine learning for enhanced decision-making, and allows for industry-specific solutions. Notable clients include Dayton Children's and TMX Group Limited, reflecting increasing reliance on cloud-based planning.

Workday (NASDAQ:WDAY) has appointed Dr. Wayne A.I. Frederick, M.D. as an independent director on its board. Dr. Frederick brings nearly two decades of academic leadership experience, currently serving as the president of Howard University. His extensive healthcare knowledge and experience on various boards, including Forma Therapeutics and Humana, are expected to add significant value to Workday. In his statement, Dr. Frederick highlighted the importance of innovation in addressing global challenges, aligning with Workday’s core values of adaptation and problem-solving.

Workday (NASDAQ: WDAY) announced that its Chief Strategy Officer, Pete Schlampp, will present at Bank of America's 2022 Global Technology Conference in San Francisco on June 9, 2022, at 2:20 p.m. PT / 5:20 p.m. ET. A live webcast of the presentation will be accessible for those unable to attend in person. Following the event, a replay will be available on the Workday Investor Relations site for at least 30 days. Workday specializes in enterprise cloud applications for finance and human resources.

Skillsoft (NYSE: SKIL) has announced its achievement of Workday Cloud Connect for Learning Integration status. This advancement connects Skillsoft Percipio with Workday Learning, enhancing enterprise learning experiences. The integration allows Workday users to access Skillsoft’s extensive learning resources seamlessly. Key features include expertly curated learning paths, integrated multi-modal content, enhanced content discovery, automated maintenance, and advanced tracking. This partnership aims to drive learner engagement and administrative efficiency, addressing the critical need for on-demand training in today's economy.

Workday reported strong fiscal Q1 2023 results, with total revenues of $1.43 billion, a 22.1% increase year-over-year. Subscription revenues reached $1.27 billion, rising 23.2% from the prior year. The 24-month subscription revenue backlog grew to $7.97 billion, up 20.9%. However, the company faced an operating loss of $72.8 million, with a net loss per share of $0.41, compared to $0.19 in Q1 2022. Despite these challenges, Workday raised its fiscal 2023 subscription revenue guidance to between $5.537 billion and $5.557 billion, with expected growth of 22%.

Workday, a leader in enterprise cloud applications for finance and human resources, will announce its fiscal 2023 first quarter financial results on May 26, 2022. The results will be shared after market close, followed by a conference call at 1:30 p.m. PT (4:30 p.m. ET) to discuss the financial performance and future outlook. A live webcast will be accessible on the Workday Investor Relations site, with a replay available for 90 days.