It isn’t massive news to anyone that Workday is doing well. Indeed, for the current quarter, they are expected to earn revenues of $721-$723 million, ahead of the Street’s forecast of $691.2 million. Whilst, for the full 2019 fiscal year, Workday expects revenues of $2.765-$2.772 billion, ahead of the $2.704 billion consensus.
Such huge projections are in no doubt down to Workday’s recent acquisition-binge. Over the past year alone, Workday has been diversifying their offering with having acquired Adaptive Insights, Rallyteam, SkipFlag and a few more notable businesses along the way.
Workday is clearly building up a strong arsenal of capabilities in order to ensure they capitalise on their current success and to solidify their future positioning as the go-to SaaS HCM services provider.
I, for one, can’t wait to see where the business sets their sights next.
https://seekingalpha.com/article/4205052-workday-spends-big-acquisitions
