Momentum Score Stock to Watch: Workday (WDAY) Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks. But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from. It doesn't matter your age or exp ...

Workday, Inc. (WDAY) recently announced that Clemson University has opted to deploy its comprehensive solution suite to accelerate digital transformation across university operations. The solution suite includes Workday Financial Management, Human Capital Management and Workday Strategic Sourcing solutions. The HCM solution with AI and machine learning at its core efficiently aligns talent with opportunities, mitigating skill gaps within the enterprise. Its augmented analytics retrieve insights from a large ...

PLEASANTON, Calif., June 12, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money, today announced that Clemson University selected Workday Financial Management, Workday Human Capital Management (HCM), and Workday Strategic Sourcing to enable operational excellence, drive digital transformation, and deliver enhanced experiences for its faculty, staff, and student workers. "Our partnership with Workday represents a significant ...

New Program Empowers Workday Partners to Scale Innovation and Help Customers Realize Greater Value from the Workday Platform About Workday "Our collaboration with Workday is a testament to our shared commitment to innovation and customer value," said Claudio Valera, Workday alliance leader, PwC U.S. "Tools like Built on Workday, combined with our deep industry expertise, will help us create tailored solutions to meet our clients' unique needs and help them realize their potential." Availability Built on Wor ...

Workday is expanding its portfolio beyond core HCM solutions into the financial domain and is customizing them for diverse industries and verticals, such as education, the public and financial services, among others. This has helped the company witness strong renewals and expand its customer base as enterprises aim to consolidate spend and improve efficiency levels. This augurs well for the long-term growth of the company. Workday Inc. (WDAY) has extended its partnership with Google Cloud to expedite intell ...

Company Showcases New AI Services for Workday Extend and Launches Workday AI Marketplace at Annual Developer Conference LAS VEGAS, June 3, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money, today announced new AI innovations to make it easier than ever for developers and partners to build intelligent solutions on the Workday platform – and for customers to discover and benefit from those solutions. This includes AI updates ...

Workday will use Gemini Models and Vertex AI to support software development; Workday solutions are also now available on Google Cloud Marketplace SUNNYVALE, Calif., June 3, 2024 /PRNewswire/ -- Google Cloud today announced an expanded partnership with Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions that help organizations manage their people and money, that will bring new generative AI capabilities to enhance how customers build and manage apps on Workday. Through the partnership, Workday wil ...

Financial Performance - Total revenues for the three months ended April 30, 2024, were $1.99 billion, an increase of 18% from $1.68 billion in the same period of 2023[124]. - Subscription services revenues reached $1.82 billion, up 19% from $1.53 billion year-over-year, driven by new customer acquisition and strong retention rates[135]. - GAAP operating income improved to $64 million, compared to a loss of $20 million in the prior year, reflecting a 421% increase[124]. - Non-GAAP operating income increased to $515 million, or 25.9% of revenues, up from $396 million, or 23.5% of revenues, in the prior year[151]. - Other income increased by $33 million to $59 million, primarily due to higher interest income from marketable securities[154]. - Free cash flows improved to $291 million for the three months ended April 30, 2024, compared to $218 million in the prior year[169]. Costs and Expenses - Total costs and expenses rose to $1.93 billion, an increase of 13% from $1.70 billion, primarily due to higher employee-related expenses[137]. - Product development expenses were $656 million, reflecting a 9% increase from $600 million, driven by higher average headcount[142]. - Sales and marketing expenses increased to $573 million, a 10% rise from $519 million, attributed to higher employee-related costs and increased sales commissions[144]. - General and administrative expenses increased by $41 million, or 25%, to $208 million for the three months ended April 30, 2024, compared to $168 million in the prior year[146]. - Share-based compensation expenses rose by $16 million to $385 million, representing 19.3% of total revenues, down from 21.9% in the prior year[148]. Cash Flow and Investments - Operating cash flows for the quarter were $372 million, a 34% increase from $277 million in the same quarter last year[124]. - Cash provided by operating activities was $372 million for the three months ended April 30, 2024, compared to $277 million in the prior year[163]. - Cash used in investing activities was $258 million, primarily for the acquisition of HiredScore and capital expenditures[164]. - Cash used in financing activities was $367 million, consisting of $239 million in taxes related to equity awards and $128 million in stock repurchases[167]. - The company expects capital expenditures to be approximately $330 million in fiscal 2025 to support growth initiatives[166]. - As of April 30, 2024, the company reported cash, cash equivalents, and marketable securities totaling $7.2 billion, down from $7.8 billion as of January 31, 2024[188]. Market and Economic Conditions - Economic conditions, including inflation and geopolitical factors, have created uncertainty, but demand for the company's products remains strong with gross and net retention rates over 95% and 100%, respectively[122]. - An immediate increase or decrease of 100 basis points in interest rates would have resulted in an approximately $54 million market value reduction or increase in the investment portfolio as of April 30, 2024[190]. - The company has significant foreign currency exposure, particularly to the euro, British pound, Canadian dollar, and Australian dollar, as of April 30, 2024[186]. Risk Management - The company enters into foreign currency derivative hedging transactions to mitigate risks associated with foreign currency exchange fluctuations[187]. - Borrowings under the 2022 Credit Agreement bear interest at variable rates, exposing the company to market risk from changes in underlying index rates[192]. - The fair values of the Senior Notes are exposed to interest rate risk, increasing as interest rates fall and decreasing as interest rates rise[191]. - The company’s future investment income may fluctuate due to changes in interest rates, potentially leading to losses in principal if securities decline in market value[189]. Strategic Plans - The company plans to continue investing heavily in product development and expanding its global sales organization, particularly in Europe and Asia-Pacific[119]. - The company excludes share-based compensation expenses and acquisition-related costs from non-GAAP financial measures to provide a clearer view of operational performance[35]. - The company evaluates its critical accounting policies regularly, with no significant changes reported during the three months ended April 30, 2024[183].

Carl Eschenbach - CEO Conference Call Participants Company Participants Brent Thill - Jefferies Workday, Inc. (NASDAQ:WDAY) Jefferies Software Conference May 29, 2024 12:00 PM ET lot's happened, but your 40,000-foot view. I know you've been around the company for longer than that on the Board. But as a leader, what are your observations? Carl Eschenbach Yes. So I think it's been an incredible 18 months. I'm grateful, I'm thankful for having employees. The Board and Aneel have brought me into the company and ...

Workday, Inc. (NASDAQ:WDAY) Jefferies Software Conference May 29, 2024 12:00 PM ET Company Participants Carl Eschenbach - Chief Executive Officer Conference Call Participants Brent Thill - Jefferies Brent Thill Carl, thanks so much for being here. Carl is one of the most respected leaders in our industry, and we're really lucky to have him. I've known him for two decades covering him at VMware and had incredible respect for what he's done. And he's been not only an incredible leader but incredibly gracious ...