UKG, a leading provider of HR, payroll, and workforce management solutions for all people, today announced a business update for the fourth quarter and fiscal 2023, ending September 30, 2023.

“We began the year with our first-ever $1 billion revenue quarter and closed out Q4 in remarkable fashion, including signing the most multimillion-dollar SaaS deals in our history,” said Chris Todd, CEO at UKG. “Overall, it was a big year for customers reinvesting in their UKG solutions, and ARR bookings continued to grow at a strong rate over the last 12 months. We also had a record-breaking quarter for our UKG InTouch timeclocks, which customers use to connect to our modern cloud solutions and make life easier for their frontline workers. As a business, we’ve made exceptional strides in profitability, and our focused investments in key areas, such as the SMB market, are generating significant growth. Thanks to the investments we’ve made in our products, our people, and our customers, fiscal 2024 will without a doubt be the best one yet.”

“UKG’s continued focus on employee experience and the frontline worker is vital,” said Josh Bersin, global industry analyst and CEO at JBC. “As UKG focuses its AI and design efforts toward the entire workforce, organizations will see dramatic improvements in engagement, performance, and productivity across all employee groups.”

Fourth-Quarter and Fiscal 2023 Business Highlights

The company just concluded its largest-ever UKG Aspire customer conference, where more than 5,000 attendees saw several product innovations, programs, and enhancements debuted in fiscal 2023, including:

• Generative AI (GenAI)-powered conversational experiences in UKG Pro and UKG Ready;
• An expanded GenAI partnership with Google Cloud that will apply large language models (LLMs) through Vertex AI that are supercharged with Great Place To Work^® data to improve the employee experience and give people managers insight into how business decisions impact employee engagement; 
• The highly anticipated launch of the UKG Great Place To Work Hub, which was showcased at Aspire last week, as an industry-first solution to help leaders unlock the true drivers of engagement and performance at their organizations and make more informed decisions about DEI&B across their teams;
• UKG FleX, a modern technology platform to help organizations evolve alongside the needs of their people, which has accelerated innovation from all corners of the HCM industry through programs like: 
  • UKG Developer Hub, a dedicated portal that organizations can use to extend the capabilities of their UKG solution, deploy real-time data exchanges between UKG and third-party applications, and build their own applications and workflows;
  • Growing relationships across the broader technology ecosystem to help employees complete actions in their UKG solution via apps they regularly use throughout their day, 

     

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