Breaking Analysis: Workday IPO - Success or Fail?
Channel: SiliconANGLE theCUBE
Date: 12/10/2012

Cloud-software company Workday made its red carpet debut on the New York Stock Exchange today.  So just how big of an after-hours party will they be able to afford?  Joining us now is Chief Wikibon Analyst Dave Vellante to give us his breaking analysis on Workday's IPO.  

First off, Dave can you provide us with a little background on Workday. 

WHAT'S YOUR ANALYSIS ON THE IPO ACTION TODAY - THE STOCK ROCKETED AND SETTLED BACK - WHAT DO YOU MAKE OF THE OFFERING?

 
Can you tell us how Workday compares to Oracle and SAP?

Oracle claims that 2/3 of its fusion apps are being deployed on demand in the Oracle public cloud - if that's the case, then why does the world need another software-as-a-service player?

Workday priced its IPO shares above expectations - talk about how that went down and how we got to this point?  Is this market demand or do we risk another Facebook-like situation? 

The amount that Workday raised, made the company's offering the largest IPO by a cloud computing firm -- and the largest market debut by a tech company since Facebook's IPO.  So coming back to Workday's financial outlook, the company recently reported it did $119m in revenue for the last six months but has never turned a profit - yet it's IPO value was around $4.5 billion. Is this justifiable and is Workday's market momentum sustainable? Are we seeing another dotcom bubble? 

It has been said that of all the current IPOs, Workday may have the strongest business model, do you believe that to be true?

Real quick before we go - we were speaking of Oracle earlier - did you have a chance to see the news that Larry Ellison has put in a bid to buy AEG so he can move an NFL team to LA?