Why Wall Street Loves SaaS


Why Wall Street Loves SaaSSoftware-as-a-Service companies have shown a tremendous success on Wall Street—since July, the stock of Human Resources Management pioneer Salesforce.com rose a whopping 828% a share. Stock in enterprise software company Workday shot up 73% on opening day of trading.

The success of the wildly popular Salesforce.com Inc., as well as the Workday IPO from earlier this year, are indications that Software-as-a-Service (SaaS) is an attractive business model to investors—and getting lots of love on Wall Street.

Continue reading “Why Wall Street Loves SaaS”

Why HR Is Best In the Cloud


Why Human Resources is Probably Your Best Bet in The Clouds

By Subhadeep Ghose for The Motley Fool Network:

Image representing Workday as depicted in Crun...
Image via CrunchBase

Cloud-based human resources software maker Workday (NYSE: WDAY) has probably never had it so good. Intelligent share pricing, smart marketing strategies, and steady growth potential have prompted the market to catapult the company’s stock price.

And now that the initial euphoria has probably settled down a bit, lets delve into the real reasons as to why people are so gung-ho about a company that has posted net losses consistently and also warned of further losses in the near future.

Well, for a start, let’s find out what makes Workday truly stand out from other cloud-based enterprise software providers, and why it’s turning out to be a potential big-time threat to larger companies such as Oracle (NASDAQ: ORCL) and SAP (NYSE: SAP), as it grabs key customers such as Lenovo, Kimberley-Clark, and Flextronics from the big two. Workday basically develops online software that takes care of functions related to human resources, including payroll, finance, and time management.

But at the same time, it is fast expanding its suite of services, in its efforts to cater to a wider range of customers, even as its software becomes widely accessible from multiple devices including laptops, tablets, and smartphones. These customers are from industries as diverse as health care, technology, retail and financial services, and more importantly, they are a mix of small, medium, and big companies.

That’s eliminating too much dependence on a few customers, which is always a good sign for any company. That’s point number one….

Read the entire post–Why Human Resources is Probably Your Best Bet in The Cloudsat The Motley Fool Network

 

Workday shares up 73% in IPO


MarketWatch

SAN FRANCISCO (MarketWatch) – Shares Workday Inc.  soared Friday as the enterprise software company began trading on the New York Stock Exchange. The stock was trading up 73 % to $48.50 after pricing at $28 a share, above its proposed range of $24 to $26.

The Pleasanton, Calif.-based company’s initial public offering initially set a price range of $21-$24. Workday provides cloud-based software used by businesses to manage employee data and processes.

Read the full story:
Workday soars as IPO rides cloud trend

 

Workday Offers IPO of $28 Per Share


Workday Announces Pricing of Initial Public Offering
Workday Announces Pricing of Initial Public Offering
Workday, Inc.

From Marketwire:

PLEASANTON, CA – Workday, Inc. (NYSE: WDAY), a leader in enterprise cloud applications for human resources and finance, announced the pricing of its initial public offering of 22,750,000 shares of its Class A common stock at a price to the public of $28.00 per share.

The underwriters have been granted a 30-day option to purchase up to an additional 3,412,500 shares of Class A common stock from Workday to cover over-allotments, if any. The shares are expected to begin trading on the New York Stock Exchange on October 12, 2012 under the symbol “WDAY.”

Continue reading “Workday Offers IPO of $28 Per Share”

HRM Software: Catch The Wave!


Innovation in Human Resources Management

Enterprise software may be flying under the radar of most investors, but that appears to be changing—and changing very soon.

Facebook’s initial offering stumble earlier this year may be the reason investors are keeping mum about “cloud-based” service companies. It is also why a small company called Workday filed for an IPO this week with little fanfare.

But don’t mistake silence for disinterest. Continue reading “HRM Software: Catch The Wave!”

HR: Beyond ‘Personnel’


In the past few years, the role of human resources in a corporate climate has evolved. The change from the generic label of ‘personnel’ to ‘human capital management’ represents a seismic shift from a simple clerical job to an intricate and complex factor in a company’s strategic plan.

Rebecca Ranninger is in charge of HR for Symantic Corp., the company responsible for Norton and a host of security products. She has been head of the department since 1997. Ranninger recently discussed her responsibility, and the changing role of HR, for Symantec’s CIO Digest. Continue reading “HR: Beyond ‘Personnel’”

HR: Beyond 'Personnel'


In the past few years, the role of human resources in a corporate climate has evolved. The change from the generic label of ‘personnel’ to ‘human capital management’ represents a seismic shift from a simple clerical job to an intricate and complex factor in a company’s strategic plan.

Rebecca Ranninger is in charge of HR for Symantic Corp., the company responsible for Norton and a host of security products. She has been head of the department since 1997. Ranninger recently discussed her responsibility, and the changing role of HR, for Symantec’s CIO Digest. Continue reading “HR: Beyond 'Personnel'”