Workday Inc. (WDAY) recently inked a definitive agreement to acquire the leading AI-based Document Intelligence Platform Evisort for an undisclosed amount. The transaction is expected to be completed by October 2024, subject to customary closing conditions. Enterprises across industries are generating a vast pool of data, which includes contracts, invoices and policy documents from daily operations. However, a significant portion of this information is unstructured, making it really difficult to categorize ...

Industry Accelerators for Banking, Healthcare, Higher Education, Professional Services, Retail and Hospitality, Technology and Media Sectors, and More Now Available LAS VEGAS, Sept. 18, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money, today launched 12 new Industry Accelerators to help customers rapidly modernize their HR and finance operations through the combined power of Workday and its partner ecosystem. The Workday I ...

Investments in Next-Generation AI Companies Reinforce Workday's Commitment to Elevating Humans and Supercharging Work LAS VEGAS, Sept. 18, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money, today announced continued AI momentum with Workday Ventures, the strategic capital arm of Workday, Inc. Workday Ventures has made 10 new AI investments since the beginning of 2023, as part of its focus on AI innovations that help organiz ...

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 ...

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]

Key Takeaways Workday shares soared 11% in extended trading Thursday after the human resources and capital management software provider reported quarterly results that topped estimates and pointed to growth opportunities in international markets. The shares have carved out a double bottom between June and August, a well-known chart pattern that indicates an upside reversal after an extended downtrend. Investors should monitor important overhead price levels in Workday shares at $264, $279, and $306. Workday ...

Workday (NASDAQ:WDAY) just reported results for the second quarter of 2025. Workday reported earnings per share of $1.75. This was above the analyst estimate for EPS of $1.65. The company reported revenue of $2.09 billion. This was 0.72% better than the analyst estimate for revenue of $2.07 billion. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, ...

Financial Data and Key Metrics Changes - Workday reported a 17% growth in subscription revenue, totaling $1.903 billion for Q2 2025 [19] - Total revenue for Q2 reached $2.085 billion, also reflecting a 17% increase [19] - The 12-month subscription revenue backlog (cRPO) grew by 16% to $6.80 billion [20] - Non-GAAP operating margin was reported at 24.9%, with non-GAAP operating income of $518 million [20] - Operating cash flow increased by 34% to $571 million, driven by strong collections [20] Business Line Data and Key Metrics Changes - Workday Financial Management crossed the 2,000 customer milestone, indicating strong growth in this segment [8] - The company experienced healthy growth in full suite wins, contributing to overall momentum [7] - Professional services revenue for Q2 was $182 million, contributing to the total revenue growth [19] Market Data and Key Metrics Changes - US revenue grew by 16% to $1.56 billion, while international revenue increased by 18% to $524 million [19] - The company reported strong performance in APAC and Japan, with significant wins in EMEA [10] - Workday was ranked as the market share leader for Worldwide SaaS ERP revenue in 2023 by Gartner [8] Company Strategy and Development Direction - Workday aims to balance growth and margin expansion, with a focus on core markets of HR and Finance [17] - The company is investing in AI innovations to enhance customer value and operational efficiencies [11] - Workday is expanding its partner ecosystem, which has significantly contributed to new annual contract value (ACV) [15] Management's Comments on Operating Environment and Future Outlook - Management noted that the current macro environment is consistent with previous quarters, indicating a new norm for IT spending [34] - The company expects subscription revenue growth in the mid-teens for FY '26 and FY '27, reflecting confidence in market opportunities [25] - Management emphasized the importance of operational efficiencies and targeted investments to support durable growth [26] Other Important Information - Workday announced a new $1 billion share repurchase program, reflecting commitment to returning capital to shareholders [21] - The company is preparing for its annual developer conference, expecting over 30,000 attendees [14] Q&A Session Summary Question: Additional efficiency at scale while investing in international - Management highlighted ongoing efforts to find efficiencies in global workforce strategy and technology [29] Question: Impact of elections and lower rates on short-term outlook - Management indicated that the current macro environment is expected to remain stable, regardless of external factors [34] Question: AI's impact on software landscape and customer spending - Management noted that customers are investing in AI alongside Workday, leveraging the company's clean data sets [37] Question: Confidence in mid-teens growth despite lower growth rate - Management cited strong partner contributions and international opportunities as key drivers of confidence in growth [39] Question: Growth initiatives review and potential sources of incremental growth - Management expressed confidence in current growth initiatives, particularly in financials and international markets [42] Question: Correlation between free cash flow margin and operating margin - Management indicated that while there may be differences, they are still ramping in several industries where payments do not correlate directly with revenue [53] Question: Vertical strength and pipeline perspective - Management confirmed continued strength in healthcare and higher education sectors, with multi-year opportunities [59]

For the quarter ended July 2024, Workday (WDAY) reported revenue of $2.09 billion, up 16.7% over the same period last year. EPS came in at $1.75, compared to $1.43 in the year-ago quarter. The reported revenue represents a surprise of +0.72% over the Zacks Consensus Estimate of $2.07 billion. With the consensus EPS estimate being $1.63, the EPS surprise was +7.36%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectat ...

Investor Presentation Q2 FY25 Safe Harbor Statement This presentation may contain forward-looking statements for which there are risks, uncertainties, and assumptions. Forward-looking statements may include any statements regarding strategies or plans for future operations; any statements concerning new features, enhancements or upgrades to our existing applications or plans for future applications; any projections of revenues, gross margins, earnings, or other financial items; and any statements of expecta ...