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Cloud Stocks: Workday Leverages AI in its Acquisitions - Vimarsana News

Cloud Stocks: Workday Leverages AI in its Acquisitions

Enterprise services provider Workday (NASDAQ: WDAY) recently announced its first quarter results that surpassed the market expectations. The company continues to expand offerings to diversify its reach within the organization. Workday's Financials Workday's first quarter revenues grew 17.4% to $1.68 billion, ahead of the Street's forecast of $1.66 billion. Non GAAP EPS was $1.13, ahead of the market's forecast of $1.11. By segment, Subscription services revenues grew 20.1% to $1.5 billion. Professional services revenues fell 3.8% to $156.4 million. For the second quarter, t...

Workday buys employee engagement software provider Peakon for $700 million - Vimarsana News

Workday buys employee engagement software provider Peakon for $700 million

With Peakon, Workday said it's aiming to provide businesses with real-time visibility into employee experience, sentiment and productivity, with the goal of driving employee engagement and improving organizational performance. The need for this type of technology has increased during the COVID-19 era, Workday posits, as remote work and distributed teams made it more difficult for companies to connect with and listen to employees.  According to Workday, adding Peakon's software to the Workday platform will create "a continuous listening platform" across the entire employee lifecycle, from rec...

Source: zdnet.com