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 (NYSE: WK) provides a cloud-native platform that revolutionizes enterprise reporting and compliance management. This page aggregates official announcements and material developments related to the company's innovative solutions for connected data reporting and regulatory workflows.
Investors and professionals will find curated updates including earnings releases, product enhancements, and strategic partnerships. The collection serves as a centralized hub for tracking Workiva's progress in simplifying complex reporting processes through its integrated cloud platform.
Content highlights include regulatory filings, executive leadership updates, and technological advancements in data governance and audit-ready reporting. Users can monitor developments impacting enterprise compliance strategies and connected reporting ecosystems.
Bookmark this page for streamlined access to Workiva's latest corporate communications. Check regularly for updates on platform innovations that address evolving challenges in financial disclosure and cross-departmental data management.
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.
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