Workday Inc Stock Price, News & Analysis

Workday, a leader in enterprise cloud applications, reported its fiscal fourth quarter 2021 revenues of $1.13 billion, reflecting a 15.9% year-over-year increase. Subscription revenue rose 19.8% to $1.01 billion, with a 24-month subscription backlog of $6.53 billion. For the entire fiscal year, revenues were $4.32 billion, up 19.0%, and subscription revenue reached $3.79 billion, rising 22.4%. Operating cash flows improved by 46.7% to $1.27 billion. However, a net loss of $0.30 per share was reported, an improvement from $0.56 in the previous year.

Workday Elects Lynne Doughtie as Independent Director

On February 24, 2021, Workday (NASDAQ: WDAY) announced the election of Lynne Doughtie to its board of directors. Doughtie, with over 35 years of experience, previously served as U.S. Chairman and CEO of KPMG. She is expected to contribute valuable insights in risk management and information security, enhancing Workday's strategic direction. Co-CEO Aneel Bhusri highlighted Doughtie's leadership and alignment with the company's values, which adds significant strength to the board.

Workday, a leader in enterprise cloud applications, announced that co-founder and co-CEO Aneel Bhusri will present at the Morgan Stanley Technology, Media and Telecom Conference on March 1 at 12:30 p.m. PT. Interested individuals can access the live webcast here. A replay will be available on the Workday Investor Relations site for at least 30 days post-conference.

Workday specializes in applications for finance and human resources, serving thousands of organizations, including over 45% of the Fortune 500.

Nelnet Campus Commerce (NYSE:NNI) achieves Workday Certified Integration status, enhancing its payment and cashiering solutions for higher education institutions. This integration facilitates real-time posting of payments into Workday Student, streamlining the payment process for students and institutions like Stevens Institute of Technology and Wellesley College. The partnership aims to improve payment processing efficiency and elevate the student experience by offering real-time access to financial information.

Workday, Inc. (NASDAQ: WDAY) is set to announce its fiscal 2021 fourth quarter and full-year financial results after market close on Thursday, Feb. 25, 2021. The event will include a conference call at 1:30 p.m. PT / 4:30 p.m. ET to discuss the financial results and business outlook. A live webcast will be accessible on the Workday Investor Relations site, with a replay available for at least 90 days post-call.

Workday is recognized for its enterprise cloud applications focused on finance and human resources, serving a broad range of clients, including over 45% of the Fortune 500.

Workday, Inc. (NASDAQ: WDAY) has promoted Doug Robinson to executive vice president of global sales as of February 1, 2021. Reporting to Co-CEO Chano Fernandez, Robinson will spearhead global sales and international expansion for Workday's applications in finance, HR, planning, and spend management. Robinson has a strong track record, having driven the adoption of Workday solutions among over 45% of the Fortune 500 companies since joining in 2010. This leadership change aims to leverage Robinson's expertise to enhance Workday's market presence and drive growth.

Workday, Inc. (NASDAQ: WDAY) has announced its acquisition of Peakon ApS for approximately $700 million in cash, aimed at enhancing employee engagement through a continuous listening platform. The acquisition will merge Peakon's technology with Workday's existing employee insights capabilities to provide real-time visibility into employee sentiment and productivity. This move comes in response to evolving HR strategies and the need for organizations to support their workforce effectively during challenging times. The transaction is expected to close in Q1 of fiscal year 2022.

Workday, Inc. (NASDAQ:WDAY) has launched a new vaccine management solution aimed at enhancing workforce health and workplace safety. This solution combines real-time HR data with immunization information to assist organizations in navigating COVID-19 challenges. With over 45 million workers in its customer community, Workday provides tools for monitoring immunization dynamics and managing reopening plans. The initiative notably supports essential services and helps in managing the complexities of vaccine reporting and compliance.