Cloud ERP and HR software firm Workday, which used the JOBS Act to quietly file for an IPO in...

|By:, SA News Editor

Cloud ERP and HR software firm Workday, which used the JOBS Act to quietly file for an IPO in July, has finally provided an S-1. The company, which wants to raise up to $400M and will use the symbol WDAY,  posted revenue of $119.5M (+118% Y/Y) in the 6 months ending July 31, and a net loss of $46.9M. Deferred revenue totaled $247.5M as of July's end. The white-hot market for enterprise tech IPOs suggests Workday should get a favorable reception, though its offering comes at a time when Oracle and SAP are encroaching on its turf.