Cloud Stocks: Workday Gearing Up For Post Pandemic IT Spend Increase

It recently also released Workday Orchestrate, a service that allows app developers to have the ability to manage finance and people processes across Workday and third-party systems. These capabilities are built visually using a drag-and-drop user interface, Orchestration Builder, that provides a simplified low-code developer experience to define logic, map data, and perform transformations. The capability will help accelerate app development time while reducing complexity and costs.

Analysts believe that as the current economic and pandemic crisis alleviates, the spending by customers on IT activities will increase, thus accelerating the adoption curve. This strength might take time to fully translate into reported numbers, but analysts see Workday’s investments to bear results soon.

Its stock is trading at $226.41 with a market capitalization of $55.9 billion. It hit a 52-week high of $282.77 in February and a 52-week low of $169.70 in June last year.

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Disclosure: All investors should make their own assessments based on their own research, informed interpretations and risk appetite. This article expresses my own opinions based on my own ...

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