Workday Inc Stock Price, News & Analysis

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.

Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions for managing people and finances, has announced the date for its fiscal 2025 second quarter financial results. The company will release its results after market close on Thursday, August 22, 2024. Following the release, Workday will host a conference call at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time to discuss the financial results and business outlook. Investors and interested parties can access a live webcast of the event on the Workday Investor Relations site. For those unable to attend live, a replay of the webcast will be available for at least 90 days after the conference call.

Workday (NASDAQ: WDAY) has announced significant AI enhancements to transform talent management. HiredScore AI for Recruiting and Talent Mobility are now available through Workday, offering AI-powered talent orchestration to improve productivity and hiring processes. Customers like AdventHealth and Southwest Airlines have reported substantial benefits, including faster hiring and increased internal applications.

Additionally, Workday introduced new AI capabilities in Workday Job Architecture, featuring an Intelligent Job Architecture Hub, market-trending skills suggestions, and generative AI for job profile creation. These innovations aim to help organizations build future-ready workforces, streamline job management, and accelerate skills-based talent strategies.

The new solutions are available to Workday Recruiting and Talent Optimization customers, with Job Architecture updates rolling out to Workday HCM customers this year.

Workday (NASDAQ: WDAY) and Kainos Group (KNOS) have expanded their strategic partnership to advance the development and distribution of purpose-built apps for Workday customers through Built on Workday. This program, launched in June 2024, allows partners to build, launch, and manage apps on the Workday platform.

The partnership will provide customers with direct access to Kainos' products: Smart Test, Smart Audit, and Employee Document Management. These products will be listed on Workday Marketplace, helping customers automate and scale their Workday operations. Workday's sales teams will be incentivized to introduce and co-sell Kainos Products across North America, Europe, and Asia Pacific.

Kainos expects this agreement to more than triple their ARR over the next six years. The collaboration aims to accelerate app development and distribution, helping joint customers recognize greater value from their Workday investment.

Salesforce (NYSE: CRM) and Workday (NASDAQ: WDAY) have announced a strategic partnership to launch an AI-powered employee service agent. This assistant, leveraging Salesforce's Agentforce Platform and Einstein AI, alongside Workday's platform and AI, will assist with tasks such as onboarding, health benefits, and career development.

The integration includes a shared data foundation combining HR and financial data from Workday with CRM data from Salesforce. Workday will also be integrated into Slack for streamlined employee collaboration.

This initiative aims to enhance productivity, reduce costs, and improve employee experiences by automating tasks and providing personalized support.

Amazon Web Services (AWS) and Workday have expanded their partnership to enhance generative AI solutions, streamline custom application development, and boost joint market initiatives. Leveraging AWS technologies like Amazon Bedrock and Amazon SageMaker, they aim to revolutionize workforce management and financial reporting. The collaboration will also increase native integrations with AWS to help developers create custom applications efficiently. Joint efforts will focus on enhancing customer experiences, increasing productivity, and complying with regional regulations. The partnership seeks to accelerate cloud transformation and provide innovative AI-driven solutions for global organizations.

Groundswell and Workday have announced the successful implementation of Workday Government Cloud for a prominent U.S. federal agency. This marks a key milestone in the agency's efforts to modernize its human resources systems, replacing an outdated on-premises database. Thousands of staff members will now have access to cloud-based solutions, enabling decentralized decision-making and efficient management. The project underscores Groundswell's capabilities in ERP transformation and follows their recent success with the Defense Intelligence Agency. Workday aims to support the federal push towards modern and agile ERP systems.