Workday Inc Stock Price, News & Analysis

Workday (NASDAQ: WDAY) has announced that CEO Carl Eschenbach will present at the Goldman Sachs Communacopia and Technology Conference on September 11, 2024. The presentation is scheduled for 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time.

A live webcast of the event will be available, and a replay will be accessible on the Workday Investor Relations site for at least 90 days following the conference. Workday is a leading provider of solutions for organizations to manage their people and money effectively.

Workday (NASDAQ: WDAY) reported strong fiscal 2025 Q2 results, with total revenues of $2.085 billion, up 16.7% year-over-year. Subscription revenues increased 17.2% to $1.903 billion. The company's operating income improved to $111 million (5.3% of revenues), compared to $36 million (2.0% of revenues) in the same period last year. Non-GAAP operating income rose to $518 million (24.9% of revenues).

Workday's diluted net income per share was $0.49, up from $0.30 in Q2 fiscal 2024. The company's 12-month subscription revenue backlog grew 16.1% to $6.80 billion, while total subscription revenue backlog increased 20.9% to $21.58 billion. Workday reiterated its full-year FY25 subscription revenue guidance and slightly raised its non-GAAP operating margin expectation.

Workday (NASDAQ: WDAY) and Equifax (NYSE: EFX) have announced a strategic partnership to modernize the employment and income verification process. The collaboration will integrate Workday Payroll with Equifax's The Work Number® service, enabling faster and more efficient verifications for Workday customers' employees. This partnership aims to streamline operations, reduce costs, and improve the employee experience by simplifying the process for securing loans and government benefits.

The new Employment Verification Connector For Equifax is expected to be available to all U.S. Payroll customers in 2025, provided at no additional cost. This integration will allow for seamless, instant verifications, supporting employees in important life events such as buying their first home or applying for auto loans.

Axonify, a frontline employee training and communications solutions provider, has partnered with Workday (NASDAQ: WDAY) to enhance frontline worker engagement and learning. The integration of Axonify's adaptive microlearning platform with Workday Human Capital Management (HCM) aims to deliver targeted, timely training to frontline employees.

Key benefits of this partnership include:

• Delivery of knowledge in the flow of work
• Actionable business insights and data
• Higher levels of employee engagement
• Improved operational efficiency

The collaboration is expected to help organizations make faster decisions, gain operational visibility, and build effective teams. More information will be available at Axonify's booth during Workday Rising in Las Vegas from September 16-19.

Workday (NASDAQ: WDAY) has announced Global Payroll Connect, a unified solution to manage global payroll needs. This system integrates with Workday's partner ecosystem to provide an end-to-end global payroll experience within the Workday platform. Key features include:

- Pre-built API integrations that can reduce implementation costs by up to 50%
- Single point of access for payroll processing status across global workforce
- Streamlined experience for managing workforce data, absence, time tracking, benefits, and compensation
- Ability to consolidate multiple payroll systems into one platform

Global Payroll Connect aims to address challenges faced by organizations managing multiple payroll systems, offering improved efficiency, cost reduction, and enhanced employee experiences. The solution will be available to Workday customers and partners in October 2024.

Workday (NASDAQ: WDAY) and Strada have announced the global availability of Workday Payroll provided by Strada, an AI-powered global HR and payroll solution now available in 57 countries. This unified solution offers organizations a comprehensive view of their finance, HR, and payroll data, enhancing data accuracy, compliance support, and strategic decision-making.

Key features include:

• AI-driven analysis of HR and payroll data for predictive insights
• Customizable payroll services per country
• Global employee self-service access within Workday

Additionally, Workday introduced Global Payroll Connect, a unified solution that integrates with payroll providers via pre-built APIs, set to launch in October 2024.

Global consulting firm Protiviti has been named a Workday Services Partner by Workday, Inc. (NASDAQ: WDAY). This partnership enables Protiviti to collaborate with Workday in managing customers' workforce programs and implementing technology-enabled business transformations. Protiviti will offer a full range of services to help design, configure, implement, and maintain the Workday platform, driving efficiency, standardization, and cost savings for clients.

The partnership leverages Protiviti's expertise in technology and business transformation, allowing them to provide access to best-in-class resources for security, controls, and change management. Protiviti's capabilities are further enhanced by its access to specialized talent through its parent company, Robert Half Inc.

Lincoln Financial Group (NYSE: LNC) has been named a Workday Innovation Partner, aiming to enhance benefits administration for joint customers. The partnership integrates Lincoln's LincSmart InsurTech solution with Workday Human Capital Management (HCM), offering features like:

• Real-time absence updates
• Simplified billing
• Enrollment optimization
• Streamlined evidence of insurability process

This collaboration addresses the growing demand for personalized, digital benefits experiences, with 90% of workers valuing such solutions. The partnership aligns with employer expectations, as 90% plan to increase or maintain reliance on third-party benefits technology in the next five years.

Workday (NASDAQ: WDAY) has announced its upcoming 2024 Financial Analyst Day, scheduled for Tuesday, September 17, 2024 in Las Vegas. The event will coincide with Workday Rising, the company's annual customer conference. Starting at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time, the Financial Analyst Day will be accessible via a live webcast on the Workday Investor Relations site. For those unable to attend or watch live, a replay of the webcast will remain available for at least 90 days following the conference call.