Business software leaders Oracle and SAP face a number of fast-growing young rivals, but privately held Infor deserves a prominent place among the competition. While the two enterprise software leaders face companies such as Tableau Software (DATA), Salesforce.com (CRM) and Workday (WDAY), analysts say that Infor has emerged as another big rival. Though fairly low-profile, Infor has $3 billion in annual revenue and 70,000 customers worldwide,
Workday got at least three price target increases Wednesday after the maker of cloud-based HR software late Tuesday posted Q1 earnings and sales that beat expectations, as did its Q2 revenue forecast, but it also got at least two price target cuts as analysts eye tougher competition. Workday (WDAY) was up 1.5% in morning trading in the stock market today, after rising more than 6% after hours Tuesday, following the release of its results for the
Workday is tightening its grip on the HR software market. The enterprise software company late Tuesday posted results for its fiscal Q1 ended April 30 that easily trumped analyst estimates. Workday’s (WDAY) revenue outlook for the current quarter also exceeded Wall Street views. Workday stock, up nearly 5% in Tuesday’s regular session, was up 6% in after-hours trading, after the company released its results. The fast-growing company has become a