Analyst Commentary

Workday successfully infiltrates the Fortune 500



Workday ends FY2017 on a high note and evolves its go-to-market strategy for continued growth in FY2018 Workday’s (NYSE: WDAY) increased engagement with the C-Suite is paying off, as the company grew revenue 35% year-to-year in 4Q16 to nearly $437 million and continued to capture share in the Fortune 500. Workday signed 13 Fortune 500 customers in the quarter, including Wal-Mart and BP, both of which are in the top 10. Workday’s continued penetration of the Fortune 500 often comes at the cost of incumbents Oracle and SAP, sh...

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