Walkme Ltd (OQ:WKME)
Business Focus: System Software
| Sector: Technology | Industry: Software |
| Company Contact | |
| Address: | Walter Moses St. 1 TEL AVIV-YAFO 6789903 |
| Tel: | N/A |
| Website: | https://www.walkme.com |
| IR: | See website |
| Key People | ||
| Dan Adika Chairman of the Board, Chief Executive Officer, Co-Founder | Rephael Sweary President, Co-Founder, Director | Andrew Casey Chief Financial Officer |
| Business Overview |
| WalkMe Ltd. is a Israel-based software publisher company that offers a digital adoption platform, WalkMe. The Company's platform simplifies users experience using insights, engagement and guidance capabilities. WalkMe is a guidance and navigation tool. Its platforms include human capital management (HCM), customer relationship management (CRM), and enterprise resource planning (ERP). HCM includes SuccessFactors, Oracle Cloud HCM, Workday and Kronos. CRM includes Salesforce, ServiceNow, Oracle CX Cloud and Microsoft Dynamics 365. ERP includes NetSuite, SAP Concur, Oracle Cloud ERP, and SAP Ariba. The Company services various industries, including telecommunications, retail and eCommerce, healthcare institutions, public sector, and banking and financial institutions. |
| Financial Overview |
| For the three months ended 31 March 2024, Walkme Ltd revenues increased 4% to $68.6M. Net loss decreased 76% to $6.1M. Revenues reflect Subscription increase of 6% to $64.4M. Lower net loss reflects Stock-based Compensation in General and decrease of 59% to $3.8M (expense), Sales and marketing - Balancing value decrease of 10% to $36M (expense), General and administrative - Balancing v decrease of 26% to $8.7M (expense). |
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