In the last few days since Thanksgiving there has been a mini-earnings season. IT vendors that have reported include Salesforce, Nutanix, Splunk, Palo Alto, Veeva, Box, VMware, Plan, Yext and Zuora. I can’t really write in any great depth on all of these names in a timely fashion. I have written about Nutanix and its…
Workday Workday reported the results of its fiscal Q2, after market close on Tuesday. Almost all investors and interested parties expected to see an upside, and an upside of sorts is what they got. As I had pointed out in an earlier post on the subject, it can be hard to make money speculating on…
Pure Storage-another quarter of strong operating performance starts to cure the “Doubting Thomas” syndrome Pure is soon to reach its 3rd birthday as a public company. The company’ first quarterly report featured full year revenues of $440 million-for the year as a whole, along with GAAP operating margins of negative 41%. This latest quarter, Pure’s fiscal Q2…
New Relic New Relic continued to achieve positive operating performance in the quarter it recently announced. The beat was relatively modest, as those things go, and compared to some of the other blowouts seen this reporting season. On the other hand, continuing to grow 35% at scale is no mean achievement and speaks both to…
I couldn’t resist the alliteration, but it is a bit of an exaggeration. WDAY did miss its bookings target, and the guidance it provided was not stirring, and for a hyper-growth company with a rather stretched valuation that can lead to some difficult share price reaction, but the business is not coming off the rails.…
A well-known analyst at the William Blair brokerage reported today that he had obtained input that Workday had closed an enormous deal with for the company’s human capital management solution. The report says that the customer has 2 million employees. If that is really the scope of the customer, then it is most likely Wal-Mart…