Workiva Inc. (NYSE:WK) has been named the most innovative company at the just concluded 15th Annual American Business Awards. The Company also won a Silver Stevie Award for the software company of the year. The enterprise company trounced 3,600 applicants all of which had submitted their applications.
Wdesk Strong Adoption Trend
Workiva and other winners will be presented their awards at winners gala slated for the 20th of June at the Marriot Marquis Hotel in New York
“We are honored to be recognized for our innovation by the American Business Awards. Even though our Wdesk platform feels like a familiar consumer application to our users, it’s powered by one of the fastest, safest and most sophisticated data-management engines available today,” said Workiva CEO Matt Rizai.
The American Business Award recognizes innovation among businesses be it private or public stiff. President and Founder, Michael Gallagher says every organization that won should be proud.
Wdesk platform scooping the top accolades does not come as a surprise given that it continues to witness a strong adoption trend. The platform has been a key driver of the company’s subscription and support revenues which have soared by 82.7% in the fourth quarter.
The platform is built on a data management engine and designed to offer controlled collaboration, full audit trail, and granular permissions. Workiva bills Wdesk as a platform that can mitigate risks, improve productivity as well as accord users confidence when it comes to making a decision based on data at hand.
Workiva Earnings Expectations
Separately, Workiva is set to announce its first-quarter earnings on May 4 awaiting to see if it built on the momentum seen in the last four quarters. In the fourth quarter of 2016 the enterprise company posted a net loss of 18 cents a share up from a net loss of 26 cents a share posted the year before. Revenues were up by 16.3% to highs of $46.4 million.
Wall Street expects the company to post revenues in the range of between of $50.3 and 50.7 for the first quarter representing a net loss of between $5.8 and $6.2 million.
Workiva stock was little changed in Tuesday trading session having tanked by $0.10 to close the day at $16.90 a share.
