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Workday (WDAY) Solution Enhances HR Process of Federal Agency
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Workday Inc. (WDAY - Free Report) recently announced that a major U.S. federal agency has successfully deployed the Workday Government Cloud to modernize its human resource process. In this venture, Workday has collaborated with Groundswell, a systems integrator focused on modern ERP (Enterprise Resource Planning) and low-code solutions for federal agencies.
Several U.S. Govt enterprises are struggling with a multitude of challenges in their HR system. Amid an aging workforce and changing demographics, identification and incorporation of the right person to eliminate skill gaps has become absolutely vital. However, the use of outdated legacy systems and a slow bureaucratic process delay the hiring process and also hinder the productivity of the existing workforce.
In response, federal agencies are seeking to replace legacy ERP systems with more advanced and agile solutions. Workday boasts a comprehensive human resource management product suite to match these demands. Workday Government Cloud enables staff members to access and manage their own data, reducing dependency on HR personnel and fostering decentralized decision-making. It also provides managers with greater visibility that facilitates improved evaluation of workforce maps, retention risks, skill shortages, productivity issues and more.
Workday Government Cloud solution has been implemented by around 35 federal and government clients worldwide. The solution is also gaining solid traction in the United States, with the Defense Intelligence Agency recently selecting Workday to streamline its HR processes. This emerging trend of HR process modernization among govt customers boasts strong potential for Workday thanks to its robust solution suite compliant with the requirements of Federal clients.
Workday’s revenue growth continues to be driven by high demand for its Human Capital Management solution. However, It 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.
The stock has lost 3% in the past year against the industry's growth of 32.1%.
Image Source: Zacks Investment Research
Workday carries a Zacks Rank #3 (Hold) at present.
Stocks to Consider
NVIDIA Corporation (NVDA - Free Report) , sporting a Zacks Rank #1 (Strong Buy) at present, delivered a trailing four-quarter earnings surprise of 18.43%, on average. In the last reported quarter, it delivered an earnings surprise of 11.48%. You can see the complete list of today’s Zacks #1 Rank stocks here.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company’s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.
Arista Networks, Inc. (ANET - Free Report) , sporting a Zacks Rank #1 at present, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 15.68% and delivered an earnings surprise of 15.39%, on average, in the trailing four quarters.
It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200 and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.
Motorola Solutions, Inc. (MSI - Free Report) , carrying a Zacks Rank #2 (Buy) at present, delivered an earnings surprise of 7.5%, on average, in the trailing four quarters. It has a long-term earnings growth expectation of 9.5%.
Motorola provides services and solutions to government segments and public safety programs, along with large enterprises and wireless infrastructure service providers. It develops and services both analog and digital two-way radio, voice and data communications products and systems for private networks, wireless broadband systems and end-to-end enterprise mobility solutions to a wide range of enterprise markets.
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Workday (WDAY) Solution Enhances HR Process of Federal Agency
Workday Inc. (WDAY - Free Report) recently announced that a major U.S. federal agency has successfully deployed the Workday Government Cloud to modernize its human resource process. In this venture, Workday has collaborated with Groundswell, a systems integrator focused on modern ERP (Enterprise Resource Planning) and low-code solutions for federal agencies.
Several U.S. Govt enterprises are struggling with a multitude of challenges in their HR system. Amid an aging workforce and changing demographics, identification and incorporation of the right person to eliminate skill gaps has become absolutely vital. However, the use of outdated legacy systems and a slow bureaucratic process delay the hiring process and also hinder the productivity of the existing workforce.
In response, federal agencies are seeking to replace legacy ERP systems with more advanced and agile solutions. Workday boasts a comprehensive human resource management product suite to match these demands. Workday Government Cloud enables staff members to access and manage their own data, reducing dependency on HR personnel and fostering decentralized decision-making. It also provides managers with greater visibility that facilitates improved evaluation of workforce maps, retention risks, skill shortages, productivity issues and more.
Workday Government Cloud solution has been implemented by around 35 federal and government clients worldwide. The solution is also gaining solid traction in the United States, with the Defense Intelligence Agency recently selecting Workday to streamline its HR processes. This emerging trend of HR process modernization among govt customers boasts strong potential for Workday thanks to its robust solution suite compliant with the requirements of Federal clients.
Workday’s revenue growth continues to be driven by high demand for its Human Capital Management solution. However, It 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.
The stock has lost 3% in the past year against the industry's growth of 32.1%.
Image Source: Zacks Investment Research
Workday carries a Zacks Rank #3 (Hold) at present.
Stocks to Consider
NVIDIA Corporation (NVDA - Free Report) , sporting a Zacks Rank #1 (Strong Buy) at present, delivered a trailing four-quarter earnings surprise of 18.43%, on average. In the last reported quarter, it delivered an earnings surprise of 11.48%. You can see the complete list of today’s Zacks #1 Rank stocks here.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company’s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.
Arista Networks, Inc. (ANET - Free Report) , sporting a Zacks Rank #1 at present, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 15.68% and delivered an earnings surprise of 15.39%, on average, in the trailing four quarters.
It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200 and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.
Motorola Solutions, Inc. (MSI - Free Report) , carrying a Zacks Rank #2 (Buy) at present, delivered an earnings surprise of 7.5%, on average, in the trailing four quarters. It has a long-term earnings growth expectation of 9.5%.
Motorola provides services and solutions to government segments and public safety programs, along with large enterprises and wireless infrastructure service providers. It develops and services both analog and digital two-way radio, voice and data communications products and systems for private networks, wireless broadband systems and end-to-end enterprise mobility solutions to a wide range of enterprise markets.