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.
Workiva Inc. provides an AI-powered platform used by accounting, finance, sustainability, risk and audit teams to connect data, unify reporting processes and produce audit-ready work. Company news commonly centers on quarterly and annual results, subscription and support revenue, professional services revenue, operating margin and revenue outlook tied to adoption of the Workiva platform.
Recurring product and business updates cover financial reporting, governance, risk and compliance, sustainability reporting, internal audit and controls, including AI-enabled workflow and data automation features for the Office of the CFO. Workiva also issues updates on investor conference participation and executive or finance-leadership changes.
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Workiva Inc. (NYSE:WK) announced its participation in two virtual investor conferences. Stuart Miller, Executive Vice President and CFO, will present at the Wells Fargo TMT Summit on December 2, 2020, at 3:20 p.m. ET, and the Raymond James Technology Investors Conference on December 8, 2020, at 5:00 p.m. ET. Both events will be webcast live, and recordings will be available on Workiva's investor relations website. The company simplifies complex work for organizations globally, enhancing efficiency, transparency, and reducing risk.
Workiva Inc. (NYSE:WK) reported strong financial results for Q3 2020, boasting total revenue of $88.1 million, an 18.8% increase from the previous year. Subscription revenue grew by 20.4% to $75.9 million. Notably, the company's GAAP loss from operations improved to $7.0 million, significantly better than last year's loss. Workiva raised its Q4 revenue guidance, estimating $90.2 million to $90.7 million. With a strong cash position of $523.9 million and a revenue retention rate of 94.9%, the outlook remains positive despite COVID-19 impacts.
Workiva (NYSE: WK) announced that Julie Iskow, the current EVP and COO, will join its Board of Directors effective January 1, 2021. Iskow brings extensive experience in leading SaaS companies, which has been instrumental in driving growth and operational efficiencies at Workiva. Concurrently, Eugene Katz will retire from the Board effective February 28, 2021, after serving since the company's IPO in 2014. The Board composition will now include seven directors, with five being independent.
Workiva Inc. (NYSE:WK) announced the appointment of Julie Iskow as a board director, effective January 1, 2021. Iskow, who has been with the company since October 2019 as EVP and COO, brings extensive experience in SaaS leadership. CEO Marty Vanderploeg praised her role in driving growth and operational efficiencies. Eugene Katz, a board member since Workiva's IPO, will retire on February 28, 2021. This change will leave the board with seven members, five of whom are independent, ensuring a blend of skills and perspectives to support shareholder growth.
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Workiva Inc. (NYSE:WK) announced the release date for its third quarter 2020 financial results, set for Wednesday, Nov. 4, 2020, post-market close. Following the results, the company will hold an investor conference call at 5:00 p.m. ET, accessible by dialing 833-968-1977 (U.S.) or 647-689-6649 (international) with conference ID 4214167. A live webcast will be available on Workiva's website in the 'Investor Relations' section. A replay will be available until Nov. 11, 2020. Workiva simplifies complex work for organizations, enhancing efficiency and transparency.