Analyst Commentary

Workday’s investments in growth paid off, as revenue surpassed guidance

Fortune 500 wins and successful cross-selling propel Workday’s subscription revenue growth acceleration

Workday’s (NYSE: WDAY) CY1Q17 revenue grew 38% year-to-year to nearly $480 million, surpassing guidance, as Workday continued to capture share in the Fortune 500 including AECOM. These Fortune 500 customer wins are proof points that Workday’s HCM portfolio is viable in the enterprise, resulting in reportedly high win rates against SAP (NYSE: SAP) and Oracle (NYSE: ORCL). Workday also noted strong win rates in the ...

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