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Workday (WDAY +6.9%) rallies above $52, adding to Friday's huge post-IPO jump. While the...

Oct. 15, 2012 11:04 AM ETWorkday, Inc. (WDAY) StockWDAYBy: Eric Jhonsa, SA News Editor1 Comment
Workday (WDAY +6.9%) rallies above $52, adding to Friday's huge post-IPO jump. While the company's sky-high valuation fuels debate over whether a bubble has formed in high-growth enterprise/cloud software names, Workday execs have been touting the potential of its HR and ERP software to disrupt a global market of 23K+ enterprises with 1K or more employees - Workday's solutions are currently used by less than 400 of them. The company also says it's interested in expanding into analytics. (more)

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