Tag Archives: wday

Workday Growth Expected To Remain In High Gear In Q1

Workday’s (WDAY) growth engine will likely continue to roll along at a high rate when the cloud software company reports fiscal Q1 earnings after the market close Tuesday. The company has emerged as a fast-growing provider of HR software, or what’s called human capital management software. The product helps companies manage daily workforce tasks such as payroll and employee benefits. Workday delivers its software via the Internet cloud, under the

Workday No Longer Has Two Chief Executives

Workday (WDAY) has concluded that two chief executives is one too many. In a public filing Thursday with the SEC, the enterprise software company said that its two top executives no longer share the role of co-CEO. The company, a leading provider of human capital management software that has rivals SAP (SAP) and Oracle (ORCL) in its crosshairs, said Aneel Bhusri will now assume the role of CEO, while David Duffield has become the company’s

Cloud, Big Data firms causing ‘big-time disruption’ in IT

The tectonic shift in the information technology industry caused by cloud computing is paving the way for a few years of “big-time disruption” among systems and infrastructure software companies, says Canaccord Genuity analyst Richard Davis. That disruption will create long-term investment opportunities and likely will see the emergence of another company or two the size of Salesforce.com (CRM) and Workday (WDAY), he said in a 31-page report Monday. The report profiled 16 private companies that have implications for investors, including online data storage companies Box and Dropbox and Big Data firms Cloudera and Actian. These companies are potential IPO candidates or acquisition targets, he said. Public market valuations for tech companies recently have begun to resemble a “big upfront/hope for execution later” paradigm, Davis wrote. That’s created some “Are you kidding me?” valuations like the $19 billion Facebook (FB) is paying for WhatsApp, he said. “We’re in a market in …