Tag Archives: orcl

Workday Market Cap Can Rival That Of Oracle, SAP: Upgrade

Workday (WDAY) stock hit a new high Tuesday after UBS hiked its rating on the company, saying its market capitalization eventually could rival that of its much-bigger, much-older rivals Oracle (ORCL) and SAP (SAP). Workday’s Internet cloud-based software is used by companies and other enterprises for HR, payroll and financial management is disrupting the market, “with little credible competitive threat over the medium term,” UBS analyst Brent

IT Spending Seen Accelerating In 2014 After Flat 2013

Global spending on information technology is expected to rise 3.1% to $3.8 trillion in 2014, up from growth of just 0.4% last year, research firm Gartner said Monday. The enterprise software group is expected to show the fastest growth, with sales rising 6.8% to $320 billion, a plus for industry leaders that include Oracle (ORCL) and Salesforce.com (CRM). The increased spending on enterprise software is coming partly from the growth in Big Data, a

Manhattan Associates: No License Growth Is No Problem

Manhattan Associates can still grow even when it doesn’t hit on all cylinders — and investors are OK with that, so far. The maker of software to manage warehouse and e-commerce operations, which competes with business software kingpins SAP (SAP) and Oracle (ORCL), last month reported Q3 results that soundly beat analyst views even though its license revenue fell by nearly double digits. Moreover, Manhattan executives told analysts on a conference