Latest news with #Ceridian
Associated Press
11-06-2025
- Business
- Associated Press
Udemy Bolsters Leadership Team with Appointment of New Chief Technology Officer to Accelerate Product Roadmap and Technology Innovation
SAN FRANCISCO--(BUSINESS WIRE)--Jun 11, 2025-- Udemy (Nasdaq: UDMY), a leading AI-powered skills development platform with nearly 80 million users globally, announced today that Ozzie Goldschmied has been appointed Chief Technology Officer ('CTO'), effective immediately. Simultaneously, founder Eren Bali will transition to a newly created role as Head of Innovation, where he will focus on driving forward the company's product strategy with an emphasis on innovation and artificial intelligence. This press release features multimedia. View the full release here: Udemy's new Chief Technology Officer Ozzie Goldschmied In his role as CTO, Goldschmied will report to Hugo Sarrazin, President and CEO of Udemy, and will have oversight of Engineering, Design, Product, Data Science, and Technical Product Management teams. Goldschmied will spearhead the company's continued transformation to a comprehensive AI-powered platform to reskill/upskill the workforce of the future. 'We are excited to welcome Ozzie to Udemy's leadership team at this transformative moment for our company,' said Sarrazin. 'Ozzie's expertise in developing innovative enterprise solutions that serve millions of users globally will be instrumental as we advance our transformation into a world-class, AI-powered platform to reskill and upskill the future workforce. We look forward to leveraging Ozzie's technical leadership to further accelerate execution of our strategy.' 'Udemy is uniquely positioned at the intersection of two powerful growth drivers: the rapid adoption and disruption of AI and the global imperative for continuous skills development,' said Goldschmied. 'AI is impacting every industry and presents a significant opportunity to build solutions that fundamentally transform how skills are developed, measured, and applied. We have enormous potential to leverage Udemy's global scale and massive network of content creators to support our customers' evolving needs as their preferred skills development platform for the AI era and beyond.' With nearly 30 years of technology industry experience, Goldschmied is best known as the co-founder and Head of Engineering at Dayforce, where he spearheaded the creation of its human capital management platform until its acquisition by Ceridian HCM Holdings, Inc. ('Ceridian') in 2012. Following the acquisition, Goldschmied served as CTO of Ceridian, where he led a global team of over 1,200 employees in Research and Development and Product Management functions, driving engineering excellence and innovation that delivered value to thousands of organizations and millions of workers globally. The solution ultimately became Ceridian's flagship platform, and the company rebranded to Dayforce in 2024. Goldschmied was also part of the core team at Workbrain, a workforce management software vendor, where he served as Development Team Lead and Architect. In 2007, Workbrain was acquired by Infor Global Solutions, a global provider of ERP software. Most recently, he served as the founder and CEO at GoldenRock Inc., where he worked closely with private equity and venture capital clients to evaluate potential investments in companies, and to support scaling their businesses and driving product innovation, particularly with AI. Eren Bali to Lead Udemy Innovation Udemy also announced that founder and former CTO Eren Bali will transition to a newly created role, Head of Innovation. In this role, Bali will continue to focus on driving forward Udemy's product vision with a concentrated focus on breakthrough innovations and AI advancement. This strategic move leverages Bali's visionary leadership and deep technical expertise in a capacity where he can have maximum impact on Udemy's future, while Goldschmied oversees the day-to-day operational responsibilities of the broader engineering organization with a focus on scaling its impact. 'I am incredibly excited to focus my energy on pushing the boundaries of what's possible in skills development with technology, which is what I'm most passionate about,' said Bali. 'Udemy's new Innovation Studio is a dedicated space to explore and develop next-generation skilling experiences powered by AI. This transition allows me to leverage my entrepreneurial mindset within Udemy while collaborating with Ozzie to scale our technology and product strategy for the future. Together, we will accelerate Udemy's impact in ways I could never have imagined when we started this journey 15 years ago.' Sarrazin added, 'With Eren in this new role, we can harness his exceptional talents for innovation while strengthening our executive team with Ozzie's enterprise scaling expertise. This strategic pairing will drive Udemy's journey towards becoming the definitive AI-powered skills development platform for customers around the world.' About Udemy Udemy (Nasdaq: UDMY) is an AI-driven skills development platform transforming how companies and individuals across the world build the capabilities needed to thrive in a rapidly evolving workplace. By combining on-demand, multi-language content with real-time innovation, Udemy delivers personalized experiences that empower organizations to scale workforce development and help individuals build the technical, business, and soft skills most relevant to their careers. Today, thousands of companies, including Ericsson, Glassdoor, On24, The World Bank, and Volkswagen, rely on Udemy Business for its enterprise solutions to build agile, future-ready teams. Udemy is headquartered in San Francisco, with hubs across the United States, Australia, India, Ireland, Mexico and Türkiye. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding Udemy's expectations relating to future operating results and financial position; anticipated future expenses and investments; and our business strategy and plans. The words 'believe,' 'may,' 'will,' 'estimate,' 'potential,' 'continue,' 'anticipate,' 'intend,' 'expect,' 'could,' 'would,' 'project,' 'plan,' 'target,' and similar expressions are intended to identify forward-looking statements. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the caption 'Risk Factors' and elsewhere in our filings with the Securities and Exchange Commission ('SEC'), including, without limitation, our Quarterly Report on Form 10-Q for the three months ended March 31, 2025, filed with the SEC on May 1, 2025. All information provided in this release is as of the date hereof, and we undertake no duty to update this information unless required by law. View source version on CONTACT: Investor Contact Dennis Walsh Vice President, Investor Relations [email protected] Contact Glenn Lehrman Vice President, Communications [email protected] KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: EDUCATION TECHNOLOGY SOFTWARE CONTINUING ARTIFICIAL INTELLIGENCE TRAINING SOURCE: Udemy Copyright Business Wire 2025. PUB: 06/11/2025 09:20 AM/DISC: 06/11/2025 09:18 AM
Business Wire
11-06-2025
- Business
- Business Wire
Udemy Bolsters Leadership Team with Appointment of New Chief Technology Officer to Accelerate Product Roadmap and Technology Innovation
SAN FRANCISCO--(BUSINESS WIRE)-- Udemy (Nasdaq: UDMY), a leading AI-powered skills development platform with nearly 80 million users globally, announced today that Ozzie Goldschmied has been appointed Chief Technology Officer ('CTO'), effective immediately. Simultaneously, founder Eren Bali will transition to a newly created role as Head of Innovation, where he will focus on driving forward the company's product strategy with an emphasis on innovation and artificial intelligence. Ozzie's expertise in developing innovative enterprise solutions that serve millions of users globally will be instrumental as we advance our transformation into a world-class AI-powered platform to reskill and upskill the future workforce. Share In his role as CTO, Goldschmied will report to Hugo Sarrazin, President and CEO of Udemy, and will have oversight of Engineering, Design, Product, Data Science, and Technical Product Management teams. Goldschmied will spearhead the company's continued transformation to a comprehensive AI-powered platform to reskill/upskill the workforce of the future. 'We are excited to welcome Ozzie to Udemy's leadership team at this transformative moment for our company,' said Sarrazin. 'Ozzie's expertise in developing innovative enterprise solutions that serve millions of users globally will be instrumental as we advance our transformation into a world-class, AI-powered platform to reskill and upskill the future workforce. We look forward to leveraging Ozzie's technical leadership to further accelerate execution of our strategy.' 'Udemy is uniquely positioned at the intersection of two powerful growth drivers: the rapid adoption and disruption of AI and the global imperative for continuous skills development,' said Goldschmied. 'AI is impacting every industry and presents a significant opportunity to build solutions that fundamentally transform how skills are developed, measured, and applied. We have enormous potential to leverage Udemy's global scale and massive network of content creators to support our customers' evolving needs as their preferred skills development platform for the AI era and beyond.' With nearly 30 years of technology industry experience, Goldschmied is best known as the co-founder and Head of Engineering at Dayforce, where he spearheaded the creation of its human capital management platform until its acquisition by Ceridian HCM Holdings, Inc. ('Ceridian') in 2012. Following the acquisition, Goldschmied served as CTO of Ceridian, where he led a global team of over 1,200 employees in Research and Development and Product Management functions, driving engineering excellence and innovation that delivered value to thousands of organizations and millions of workers globally. The solution ultimately became Ceridian's flagship platform, and the company rebranded to Dayforce in 2024. Goldschmied was also part of the core team at Workbrain, a workforce management software vendor, where he served as Development Team Lead and Architect. In 2007, Workbrain was acquired by Infor Global Solutions, a global provider of ERP software. Most recently, he served as the founder and CEO at GoldenRock Inc., where he worked closely with private equity and venture capital clients to evaluate potential investments in companies, and to support scaling their businesses and driving product innovation, particularly with AI. Eren Bali to Lead Udemy Innovation Udemy also announced that founder and former CTO Eren Bali will transition to a newly created role, Head of Innovation. In this role, Bali will continue to focus on driving forward Udemy's product vision with a concentrated focus on breakthrough innovations and AI advancement. This strategic move leverages Bali's visionary leadership and deep technical expertise in a capacity where he can have maximum impact on Udemy's future, while Goldschmied oversees the day-to-day operational responsibilities of the broader engineering organization with a focus on scaling its impact. 'I am incredibly excited to focus my energy on pushing the boundaries of what's possible in skills development with technology, which is what I'm most passionate about,' said Bali. 'Udemy's new Innovation Studio is a dedicated space to explore and develop next-generation skilling experiences powered by AI. This transition allows me to leverage my entrepreneurial mindset within Udemy while collaborating with Ozzie to scale our technology and product strategy for the future. Together, we will accelerate Udemy's impact in ways I could never have imagined when we started this journey 15 years ago.' Sarrazin added, 'With Eren in this new role, we can harness his exceptional talents for innovation while strengthening our executive team with Ozzie's enterprise scaling expertise. This strategic pairing will drive Udemy's journey towards becoming the definitive AI-powered skills development platform for customers around the world.' About Udemy Udemy (Nasdaq: UDMY) is an AI-driven skills development platform transforming how companies and individuals across the world build the capabilities needed to thrive in a rapidly evolving workplace. By combining on-demand, multi-language content with real-time innovation, Udemy delivers personalized experiences that empower organizations to scale workforce development and help individuals build the technical, business, and soft skills most relevant to their careers. Today, thousands of companies, including Ericsson, Glassdoor, On24, The World Bank, and Volkswagen, rely on Udemy Business for its enterprise solutions to build agile, future-ready teams. Udemy is headquartered in San Francisco, with hubs across the United States, Australia, India, Ireland, Mexico and Türkiye. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding Udemy's expectations relating to future operating results and financial position; anticipated future expenses and investments; and our business strategy and plans. The words 'believe,' 'may,' 'will,' 'estimate,' 'potential,' 'continue,' 'anticipate,' 'intend,' 'expect,' 'could,' 'would,' 'project,' 'plan,' 'target,' and similar expressions are intended to identify forward-looking statements. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the caption "Risk Factors" and elsewhere in our filings with the Securities and Exchange Commission ('SEC'), including, without limitation, our Quarterly Report on Form 10-Q for the three months ended March 31, 2025, filed with the SEC on May 1, 2025. All information provided in this release is as of the date hereof, and we undertake no duty to update this information unless required by law.
Yahoo
04-06-2025
- Business
- Yahoo
Construction to begin on St Petersburg's $800 million SkyTown development
A mixed-use development that will bring thousands of apartments and a grocery store to St. Petersburg's SkyWay Marina District is starting to take shape after receiving funding from public and private backers. The project, dubbed SkyTown, is slated for the former Ceridian office campus at 3201 34th St. S. Coral Gables-based developer Altis Cardinal bought the 32-acre property in 2021 for $40 million. 'We're the largest community that has been approved in all of St Pete,' said Frank Guerra, principal of Altis Cardinal. 'We're putting a 24-hour kind of living situation together on this one 32-acre parcel.' It will be built in six phases and is expected to cost between $750 and $800 million. Once complete, it will add 2,084 apartments, 69,000 square feet of retail space including a Sprouts Farmers Market and 120,000 square feet of self-storage. This is the first Sprouts Farmers Market to open in St. Petersburg, and is slated to open in October. It joins four other locations in Pinellas County and 19 around Tampa Bay. On Tuesday, Altis Cardinal, secured a $68 million construction loan from Third Fifth Bank, according to records filed with the Pinellas County Clerk's Office. The developer also got approved for a $4.5 million forgivable loan from the City of St. Petersburg in April and a $5.5 million allocation from Pinellas County through the Penny for Pinellas sales tax. All this funding will go toward the first phase, which will feature 401 apartments and 12,000 square feet of ground-floor retail. Of those apartments, 121 will be designated as workforce housing. About half will be reserved for households that earn up to 120% of the area median income, which is currently about $87,600 for a single person or $125,160 for a family of four. The other half will be for those who earn up to 80% of the area median income — $58,450 for a single person or $83,450 for a family of four. People could start moving in by the the third quarter of 2027. Guerra said they're already in talks to fill the retail space below. He envisions something neighborhood-oriented like a wine bar, restaurant, coffee shop, bakery or day spa. Building out the entire project could take eight to ten years. The Skyway Marina District is currently undergoing a transformation, with at least four other residential projects popping up within a stone's throw of SkyTown. But Guerra said what sets his development apart is the 'town-square' feel it will have. 'We are making a walkable community where people can get everything they need on site,' said Guerra. 'We think our retail will draw people from outside the area.'
Yahoo
07-05-2025
- Business
- Yahoo
Dayforce (NYSE:DAY) Posts Better-Than-Expected Sales In Q1 But Stock Drops
Online payroll and human resource software provider Dayforce (NYSE:DAY) reported Q1 CY2025 results exceeding the market's revenue expectations , with sales up 11.7% year on year to $481.8 million. On the other hand, next quarter's revenue guidance of $411 million was less impressive, coming in 11.4% below analysts' estimates. Its non-GAAP profit of $0.58 per share was 6.9% above analysts' consensus estimates. Is now the time to buy Dayforce? Find out in our full research report. Dayforce (DAY) Q1 CY2025 Highlights: Revenue: $481.8 million vs analyst estimates of $476.8 million (11.7% year-on-year growth, 1.1% beat) Adjusted EPS: $0.58 vs analyst estimates of $0.54 (6.9% beat) Adjusted EBITDA: $156.7 million vs analyst estimates of $150.7 million (32.5% margin, 4% beat) The company slightly lifted its revenue guidance for the full year to $1.76 billion at the midpoint from $1.75 billion Operating Margin: 6.4%, down from 9.4% in the same quarter last year Free Cash Flow Margin: 4%, down from 11.7% in the previous quarter Market Capitalization: $9.21 billion "We kicked off the year with strong first quarter results and excellent sales momentum,' said David Ossip, Chair and CEO of Dayforce. Company Overview Founded in 1992 as Ceridian, an outsourced payroll processor and transformed after the 2012 acquisition of Dayforce, Dayforce (NYSE:DAY) is a provider of cloud based payroll and HR software targeted at mid-sized businesses. Sales Growth Reviewing a company's long-term sales performance reveals insights into its quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. Over the last three years, Dayforce grew its sales at a 18.7% annual rate. Although this growth is acceptable on an absolute basis, it fell slightly short of our standards for the software sector, which enjoys a number of secular tailwinds. Dayforce Quarterly Revenue This quarter, Dayforce reported year-on-year revenue growth of 11.7%, and its $481.8 million of revenue exceeded Wall Street's estimates by 1.1%. Company management is currently guiding for a 2.9% year-on-year decline in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 9.8% over the next 12 months, a deceleration versus the last three years. This projection doesn't excite us and suggests its products and services will see some demand headwinds. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
Reuters
07-05-2025
- Business
- Reuters
Dayforce sees lower-than-expected second-quarter revenue on muted spending
May 7 (Reuters) - Human resources software provider Dayforce (DAY.N), opens new tab on Wednesday forecast second-quarter revenue below market estimates, anticipating reduced spending on its payroll and HR services amid macroeconomic uncertainty. Shares of the Minneapolis, Minnesota-based company fell 10% following the results. Job growth in the U.S. was choppy in the first quarter, slowing more than expected in January before picking up pace in February, at a time when the labor market outlook was clouded by the country's trade policy changes. The murky economic backdrop has been particularly hitting small- and medium-sized businesses, forcing them to reassess their budgets. Dayforce expects its total second-quarter revenue to be between $454 million and $460 million, below analysts' average estimate of $465.5 million, according to data compiled by LSEG. It forecast full-year revenue between $1.93 billion and $1.94 billion, in line with estimates of $1.93 billion. The projections come in contrast with those of larger rival ADP (ADP.O), opens new tab, which raised its annual revenue forecast last week on the back of resilient enterprise demand and recent acquisitions. Dayforce, formerly known as Ceridian, provides cloud-based payroll, workforce and human capital management software to enterprise clients globally. The company in February announced a workforce reduction of about 5%, aiming to streamline its operations and achieve annual cost savings of about $65 million. It posted total revenue of $481.8 million for the quarter ended March 31, compared with expectations of $476.7 million. Excluding float, the total quarterly revenue was $426.5 million. Float revenue refers to the earnings or interest a company generates from holding cash or other liquid assets for a period before using them for their intended purpose. The company earned 58 cents per share on an adjusted basis in the first quarter, compared with estimates of 55 cents per share.
