LAS VEGAS, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Systics, an exciting, new business venture founded by experienced Workday consultants, is set to unveil their highly-advanced, state-of-the-art technology to a select group of conference attendees and explain how it can seamlessly transform their Workday workflow. According to Systics Chief Empowerment Officer, Amber Lowry, "Many of today's professional Workday users are struggling to harness the true power of Workday's cloud-based services and solutions. They w ...

Company Unveils AI-Powered Agents for HR and Finance Use Cases Including Recruiting, Expenses, Succession Planning, and Business Process Optimization New Agents Anticipate and Streamline Common Business Workflows to Increase Productivity LAS VEGAS, Sept. 17, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money, today unveiled four new AI agents to dramatically simplify work across HR and finance. Recruiter, Expenses, Successio ...

Illuminate Harnesses the Power of the World's Largest HR and Finance Dataset to Drive Enterprise Transformation With AI Experience the Future of Work at Workday Rising 2024 LAS VEGAS, Sept. 17, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money, today announced Illuminate, the next generation of Workday AI. Built on the world's largest and cleanest HR and finance dataset, Illuminate accelerates manual tasks, assists every em ...

Company Unveils New Workday Assistant to Serve as an AI Companion to Help Employees Complete HR and Finance Tasks More Efficiently New Workday Experience Brings Together Enterprise Apps in a Single, Unified View to Simplify Work and Increase Employee Productivity LAS VEGAS, Sept. 17, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money, today announced a reimagined AI-powered user experience including a new Workday Assistant d ...

Evisort's AI-Powered Document Intelligence Platform Will Enable Workday Customers To Surface Critical Insights and Take Action Across Vast Amounts of Financial and HR Data Faster and More Efficiently than Ever Before LAS VEGAS, Sept. 17, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money, today announced that it has signed a definitive agreement to acquire Evisort, a leading AI-native document intelligence platform. With Evi ...

COLUMBUS, Ohio, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Avaap, a premier technology and advisory consulting partner, today announced the launch of its Workday Diversified Industries consulting practice. This new practice will provide functional, technical, and post-production support to customers within the commercial, healthcare, and diversified industries across the full range of Workday products: Workday Human Capital Management (HCM); Workday Financial Management; and Workday Supply Chain Management. "Avaap ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Workday (WDAY) . Workday currently has an average brokerage recommendation ...

Its top-line growth is slowing. However, there are some positive factors that could mitigate that. Workday (WDAY -1.22%) has been a late summer success story on the market. Its shares have crushed the broader indexes since it reported its fiscal 2025 second-quarter results near the end of August. This, despite one crucial metric that is anticipated to come in under expectations in the current quarter. It's all about the subscriptions That line item is subscription revenue -- Workday management believes this ...

Workday, Inc. (NASDAQ:WDAY) Goldman Sachs Communacopia + Technology Conference September 11, 2024 12:30 PM ET Company Participants Carl Eschenbach - CEO Conference Call Participants Kasthuri Rangan - Goldman Sachs Gili Naftalovich - Goldman Sachs Kasthuri Rangan How many of you know somebody who's been a CEO, COO and a venture capitalist in their lives. Do you know anybody? Carl Eschenbach No, I don't. And I'm not sure who's crazy enough to do all. Kasthuri Rangan That's our next guest, Carl Eschenbach, CEO ...

Summary of Workday, Inc. Conference Call Company Overview - **Company**: Workday, Inc. (NASDAQ: WDAY) - **Event**: Goldman Sachs Communacopia + Technology Conference - **Date**: September 11, 2024 - **Participants**: - Carl Eschenbach - CEO - Kasthuri Rangan - Goldman Sachs - Gili Naftalovich - Goldman Sachs Key Points Company Leadership and Strategy - Carl Eschenbach emphasizes the importance of collaboration and trust between him and Aneel Bhusri, the Executive Chairman, highlighting their complementary skill sets in driving company value [6][8] - Eschenbach's leadership approach focuses on speed, agility, and innovation, aiming to create a unified company culture [21][23] Financial Outlook - Workday aims for a **15% growth rate** through FY '27, with an expansion of operating margins to **30%** over the next few years [10][11] - The company has already expanded operating margins by **500 basis points** in the last two years and anticipates a **1,000 basis point** expansion over the next 4 to 4.5 years [10][11] Growth Drivers - Workday is expanding its growth envelope by targeting various market segments, including medium enterprises and international markets, where only **25%** of its business currently comes from outside the U.S. [15][46] - The company is focusing on full platform sales, integrating HR and financial solutions, which is particularly successful in sectors like healthcare and education [28][48] AI and Data Strategy - Workday positions itself as a leader in AI, leveraging a highly curated data set to drive business value for customers [29][37] - The company is actively discussing AI's role in enhancing user experience and operational efficiency with customers [26][63] Partner Ecosystem - Workday has developed a new partner strategy that has shown significant growth in pipeline and revenue generation [51][52] - Strategic partnerships, such as those with Equifax and Kainos, are enhancing Workday's offerings and market reach [52] Market Dynamics - The financial sector is still transitioning to the cloud, with only **30%** of financial systems currently cloud-based, presenting a significant opportunity for Workday [46] - Customers are increasingly looking for consolidation of software solutions to improve ROI and reduce total cost of ownership, which aligns with Workday's platform strategy [63] Innovation and M&A - Workday is committed to continuous innovation, supported by a strong balance sheet with **$7 billion** in cash for potential acquisitions [56] - The company is exploring tuck-in acquisitions that align with its growth strategy without being dilutive to earnings [57][59] Customer Engagement - Conversations with customers reveal a strong focus on talent retention and user experience in HR, as well as leveraging data for deeper financial insights [26][27] - Workday is addressing customer needs for improved efficiencies and AI integration in their operations [63] Additional Insights - The company is actively working on enhancing its operational capabilities and has made significant changes in leadership and talent acquisition to support its growth strategy [22][23] - Eschenbach's leadership style is characterized by a focus on creating a collaborative environment that encourages innovation and agility [21][23]