Report
Rodney Nelson

Workday’s ERP dominance is far from a certainty, but Oracle and SAP should be put on notice.

Workday reported fourth-quarter results that were ahead of our expectations, driven by better-than-expected deal flow from the firm’s Financials products. Management called out a number of large wins in the fourth quarter, including a Fortune 100 consumer business adopting Workday’s financial platform. We continue to see evidence of increasing attach rates for products such as Financials, Planning, and Prism analytics, supporting our narrow moat and positive trend ratings. As we roll our model f...
Underlying
Workday Inc. Class A

Workday is a provider of enterprise cloud applications for finance and human resources. The company's products include: Workday Financial Management, an application with financial capabilities, analytics and metrics, and auditable process management; and Workday Human Capital Management, which includes global human resources management (workforce lifecycle management, organization management, compensation, absence, and employee benefits administration) and global talent management (goal management, performance management, succession planning, and career and development planning). The company's other solutions include Adaptive Insights Business Planning Cloud, as well as Workday Data-as-a-Service.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Rodney Nelson

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