Technology Sector Ideas

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>>> Workday (WDAY) -


http://money.msn.com/top-stocks/8-tech-stocks-worth-a-look



Headquarters: Pleasanton, Calif.
Price: $79.83
Market capitalization: $14.6 billion
52-week range: $59.87 - $116.47
Annual sales: $468.9 million
Estimated earnings growth: Not meaningful (company is losing money)

The case for Workday (WDAY) is based on a promising future, not on current profits, of which there are none. Workday is a consulting firm that helps companies manage their human resources and finance departments. But unlike most human-resources software companies that sell expensive corporate-wide systems that must be periodically updated, Workday's software is sold on an as-needed basis and is constantly updated through the cloud technology that delivers it. That makes the software more affordable and user-friendly.

Workday's revenues have been growing at a blistering pace; analysts see them soaring 60 percent in the fiscal year that ends in January 2015 and 46 percent the following year. The company's first profits aren't expected until sometime in 2017. That makes the stock more speculative than most on this list. That said, the stock is a better bet today than it was in February, when it was selling at $115. The fall was simply due to a shift in the market's mood, says Steve Ashley, an analyst with Robert W. Baird & Co. He thinks the stock will hit $95 within a year.

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>>> Workday, Inc. provides enterprise cloud applications for global human resources and finance in the United States and internationally. It offers applications for customers to manage critical business functions that enable them to optimize their financial and human capital resources. The company provides Workday Human Capital Management application that includes global human resources management comprising workforce lifecycle management, organization management, compensation, absence, and employee benefits administration; and global talent management consisting of goal management, performance management, succession planning, and career and development planning, as well as project and work management designed to enable organizations to create and manage and track initiatives, build project plans, and utilize project breakdown structures that include phases, tasks, and milestones. It also offers Workday Payroll, a payroll application designed to address the enterprise payroll needs by allowing customers to group employees, manage calculation rules, and pay employees according to their organizational, policy, and reporting needs; and Workday Financial Management tools that provide the core finance functions of general ledger, global accounting, revenue management, accounts payable, employee expense management, and accounts receivable, along with tools to help organizations manage their cash, assets, contracts, grants, expenses, procurement, and support their financial reporting requirements, as well as offer management reporting and analysis in real time. It serves technology, financial services, business services, healthcare and life sciences, manufacturing, consumer and retail, and education and government industries. The company was formerly known as North Tahoe Power Tools, Inc. and changed its name to Workday, Inc. in July 2005. Workday, Inc. was founded in 2005 and is headquartered in Pleasanton, California. <<<