Welcome to our dedicated page for Workiva news (Ticker: $WK), a resource for investors and traders seeking the latest updates and insights on Workiva stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Workiva's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Workiva's position in the market.
Workiva hosted a discussion on the impact of digitization on ESG reporting with industry experts. The talk highlighted how XBRL taxonomies facilitate data sharing and analysis for corporate sustainability. ESG Talk podcast by Workiva explores these topics further, emphasizing the company's role as a unified platform for financial reporting, ESG, audit, and risk management.
Workiva Inc. announced financial results for Q1 2024, with a 20% increase in Subscription & Support Revenue, totaling $176 million in revenue, 17% YOY growth, and 34% YOY growth in customers with an annual contract value over $300K. The company achieved a GAAP gross profit of $134 million, with a 76.4% margin, and a non-GAAP gross profit of $136 million, with a 77.7% margin. GAAP net loss was $12 million, while non-GAAP net income was $13 million. Workiva had 6,074 customers as of March 31, 2024, and provided guidance for Q2 2024 and full year 2024.
The 2024 ESG Practitioner Survey reveals that a majority of companies are planning to comply with the EU's Corporate Sustainability Reporting Directive voluntarily. The report highlights increased involvement of internal teams in ESG reporting processes, importance of obtaining assurance over ESG data, and the growing investment in technology for collaboration among reporting teams.
The survey conducted by Workiva Inc. reveals that 81% of companies not subject to the European Union's Corporate Sustainability Reporting Directive (CSRD) plan to align their sustainability disclosures with its requirements. The survey polled over 2,000 professionals across North America, Europe, and Asia. Practitioners acknowledge the challenges of compliance but see the value in reporting, with 88% agreeing that ESG reporting offers a competitive edge. The majority believe that integrated reporting positively impacts decision-making, financial performance, and long-term value creation. Technology, particularly generative AI, is seen as important for simplifying reporting processes and enhancing collaboration among reporting teams.
Workiva and Cisco discuss incorporating climate data into financial disclosures in the latest episode of ESG Talk. The podcast covers how assurance, technology, and community drive ESG initiatives. Workiva is behind the ESG Talk podcast and is known for its unified platform for financial reporting, ESG, audit, and risk management.
