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Workday announces fiscal results & plans to buy HiredScore
Fri, 1st Mar 2024

Workday, a supplier of solutions that facilitate organisations in the management of their resources and finances, recently declared its financial outcomes and expressed its intention to purchase HiredScore, as well as its enduring momentum in supplying solutions for Chief Financial Officers (CFO).

The firm's total revenue for the Fiscal Fourth Quarter amounted to $1.9 billion, reflecting a significant YoY growth of 17%. "The results this quarter are a demonstration of the strength of our value proposition and the resilience of our business," Workday's CEO, Carl Eschenbach, stated. "We're observing continued momentum with full platform customer gains and expansions within our base, boosting international performance, our partner ecosystem growth, and the flawless application of nearly 19,000 Workmates worldwide - all paving the way for an amazing fiscal year 2025."

Workday's perpetual focus on innovation continues to underpin its success, as well as allowing its customers to transform the management of their essential assets - their workforce and finance, according to Aneel Bhusri, Workday's Co-Founder and Executive Chair. Bhusri further commented on his forthcoming role as Executive Chair, expressing his enthusiasm for working closely with the entire leadership team and product and technology organisation to push the Workday platform to even higher levels.

Workday recently reported sustained momentum for its CFO solutions, which are adopted by organisations within financial services, higher education, healthcare, hospitality, and professional and business services. These organisations choose the Workday platform for the unification of financial, operational, and workforce data and to streamline fundamental processes across the corporate landscape.

During the fourth fiscal quarter ending January 31, 2024, several global organisations incorporated Workday Financial Management and Workday Human Capital Management (HCM) into their operations. "In ANZ, we are experiencing comparable momentum across large and medium corporate bodies as companies integrate Workday financial solutions into their operations to modernise financial processes and guarantee smooth access to crucial data," announced Jo Anne Rul, Vice President and Managing Director of Workday Australia and New Zealand.

Workday's financial customers from the ANZ region include Aurecon, Deakin University, First Sentier Investors, AON, and Challenger, while internationally, organisations such as Cone Health, HonorHealth, HHS, UHS of Delaware, Inc., and VXI Global Solutions, LLC adopted Workday Financial Management, Workday HCM, and Workday Adaptive Planning. The addition of Workday Financial Management to existing Workday usage was also disclosed by Ally Financial, Intermountain Health, Huntington Bank, and Vista Equity Partners Management.

"Workday solutions for the office of the CFO help customers streamline financial processes, eliminate inefficiencies, and derive more meaningful insights from their data," expressed Terrance Wampler, the group general manager of the office of the CFO, Workday. Added to this, the firm declared a definitive agreement to acquire HiredScore, a supplier of AI-backed talent orchestration solutions, offering a comprehensive, transparent, and intelligent talent acquisition and internal mobility offering.