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Workday (WDAY), Randstad Team Up to Transform HR Operations

Workday Inc. WDAY recently announced that it has extended its partnership with Randstad, a global leader in the HR (Human Resource) services industry. Randstad will introduce Workday Financial Management and Workday Human Capital Management across its 39 served markets and  its two global businesses to enhance efficiency and scalability. The partnership that began in 2015 blends Workday’s best-in-class technology solutions with Randstad’s talent expertise and aims to address enterprises’ talent acquisition complexities across industries.

Workday HCM boasts a wide range of smart, flexible suite of AI applications. It includes Workday skills cloud that leverages machine learning capabilities to align talent with the right opportunities, enabling businesses to drive workforce agility at scale. The Financial Management portfolio seamlessly automates financial processes and effectively identifies anomalies in the system. It delivers in-depth insights and improves the decision-making process.

Talent and skill scarcity is a growing challenge for organizations across sectors. As industries evolve rapidly with technological innovation, the incorporation of new skills becomes paramount. Enterprises need to quickly adapt their talent acquisition strategies to remain competitive.

Incorporating Workday’s platform with AI at its core, Randstad will empower its businesses to navigate through this increasingly complex talent market. In addition to accelerating Randstad’s transformation goals, the collaboration also seeks to bring innovative service offerings to their joint client base. The development of mutual HR implementation capabilities will enrich businesses worldwide with greater access to talent management tools.

Workday’s diversified product portfolio continues to yield a steady flow of customers. Its high customer satisfaction rate bodes well for its long-term business model. 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 business enterprises aim to consolidate spend and improve efficiency levels. This augurs well for the long-term growth of the company.

The stock has gained 37.8% in the past year compared with the industry's growth of 61%.

Zacks Investment Research
Zacks Investment Research

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Workday carries a Zacks Rank #3 (Hold) at present.

Stocks to Consider

Pinterest PINS, sporting a Zacks Rank #1 (Strong Buy) at present, delivered a trailing four-quarter average earnings surprise of 37.42%. In the last reported quarter, it delivered an earnings surprise of 3.92%. You can see the complete list of today’s Zacks #1 Rank stocks here.

Pinterest is increasingly establishing a unique value proposition to advertisers that could provide a competitive advantage in the long haul. Through various innovations, it continues to dramatically improve the advertising platform, which appears to be one of the best ad platforms for consumer discretionary brands looking for ways to reach customers and stretch smaller ad budgets.

NVIDIA Corporation NVDA, currently sporting a Zacks Rank #1, delivered a trailing four-quarter average earnings surprise of 20.18%. In the last reported quarter, it delivered an earnings surprise of 13.41%.

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, carrying a Zacks Rank #2 (Buy) 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 17.5% and delivered an earnings surprise of 13.3%, 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.


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