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Jennifer Lynn
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Jennifer is a proficient investor, executive and manager working with analytics data to drive smart business decisions. Technology, eCommerce, Management, Healthcare, Consulting, Strategy. Passionate for Finance, IT, Emerging & Global. Email: consultbydigital @ Twitter:... More
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  • Workday, A Stock Worth Watching 0 comments
    Apr 5, 2013 7:43 AM | about stocks: WDAY

    Workday, Inc. (NYSE: WDAY) is a stock worth watching. Last month, Workday's suite of enterprise cloud solutions was selected by Allied Global Holdings. Workday is a leader of SaaS-based enterprise solutions for global human resource management systems (HRMS). Workday's strong HR functionality and SaaS technology platform makes it the fastest-growing company in pure-play SaaS solutions. Quarter-to-quarter revenue growth is impressive for investors. Workday stock is up $3.86, or 6.7%, to $61.48. Pacific Crest analyst Brendan Barnicle noted Workday could be worth as much as $15 billion with addressable market at $50 billion now, growing to more than $70 billion by 2015.

    The HRMS market has moderate growth. SaaS revenue is growing faster than HRMS at a 15% rate. Key drivers of SaaS HRMS adoption include faster implementation times and automatic software upgrades and updates. Workday is a pure-play SaaS vendor. Forrester's 69-criteria evaluation of human resource management system (HRMS) vendors found that Workday, Oracle PeopleSoft, Oracle E-Business Suite (NYSE:EBS), and SAP are the top companies today.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: WDAY
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