Welcome to our dedicated page for Workday news (Ticker: WDAY), a resource for investors and traders seeking the latest updates and insights on Workday stock.
Workday, Inc. reports developments for its enterprise AI platform for managing people, money, and agents, with recurring updates tied to cloud human capital management, financial management, planning, and higher education software. Company news covers quarterly results, business outlook, annual stockholder meeting notices, partner deployments, and product integrations across Workday Human Capital Management, Workday Financial Management, Workday Adaptive Planning, and Workday Student.
Workday updates also cover Workday Government, public-sector modernization, AI agents powered by Sana, and workflow tools such as Personnel Action Request automation and recognition and rewards capabilities delivered through partner offerings.
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.
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Workday (NASDAQ: WDAY) has announced its 2022 annual stockholders meeting, scheduled for June 22, 2022, at 9:00 a.m. PT. The record date for voting rights is set for April 25, 2022. Only stockholders on this date can participate in the meeting. Workday encourages all stockholders to review the meeting details as they become available. A live webcast of the meeting will be accessible on the Investor Relations site, with replays available for 90 days.
Workday has priced a public offering of $3.0 billion in senior notes, with various maturities: $1.0 billion in 3.500% notes due 2027, $750 million in 3.700% notes due 2029, and $1.25 billion in 3.800% notes due 2032. The offering is set to close on April 1, 2022. Proceeds will be used for general corporate purposes, including repaying $693.8 million in existing senior unsecured term loans and possibly $1.15 billion in convertible senior notes maturing October 1, 2022.
Workday (NASDAQ: WDAY) reported strong momentum in its finance solutions, with nearly 1,500 deployments in fiscal year 2022, highlighting increased demand from large enterprises. Key customers include Fannie Mae and Sharp HealthCare. The company's innovative offerings, such as Workday Financial Management and Workday Adaptive Planning, enhance decision-making and adaptability in finance processes. Industry analysts predict continued growth for Workday as enterprises replace legacy systems to accelerate digital transformation.
Workday Inc. (NASDAQ: WDAY) announced that Genpact (NYSE: G) has selected its Financial Management, Human Capital Management, and Professional Services Automation solutions. The partnership aims to streamline Genpact's operations by consolidating nearly 30 disparate systems into a single platform, enhancing data governance and operational agility. This collaboration will enhance employee experiences through automation and better decision-making capabilities.
Genpact, serving over 700 clients globally, seeks to improve efficiency and support its transformation initiatives.