Latest news with #SaaS
Yahoo
3 hours ago
- Business
- Yahoo
How Is Workday's Stock Performance Compared to Other Tech-Software Stocks?
Pleasanton, California-based Workday, Inc. (WDAY) is a leading cloud-based provider of enterprise software for human capital management (HCM), financial management, adaptive planning, spend management, and analytics. Valued at a market cap of $63.2 billion, the company delivers real-time operational insights and seamless workflows for HR and finance teams. Companies worth $10 billion or more are typically classified as 'large-cap stocks,' and WDAY fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the software - application industry. The company's specialty lies in delivering AI and machine learning-powered solutions that automate workflows, predict workforce needs, and optimize financial operations. Its strong presence among large enterprises, including over 60% of the Fortune 500, underscores its market leadership and its subscription-based SaaS model ensures stable, recurring revenue and high customer retention. 2 Outstanding Stocks Under $50 to Buy and Hold Now 3 ETFs with Dividend Yields of 12% or Higher for Your Income Portfolio Nvidia's Bringing Sovereign AI to Germany. Should You Buy NVDA Stock Here? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. This tech company has slipped 19.4% from its 52-week high of $294, reached on Dec. 9, 2024. Moreover, shares of WDAY have declined 6% over the past three months, considerably underperforming the iShares Expanded Tech-Software Sector ETF's (IGV) 15.9% uptick during the same time frame. In the longer term, Workday has gained 14.1% over the past 52 weeks, lagging behind IGV's 26.2% rise over the same time frame. Moreover, on a YTD basis, shares of WDAY are down 8.2%, compared to IGV's 6% return. To confirm its bearish trend, WDAY has been trading below its 200-day moving average since late May, and has recently started trading below its 50-day moving average. On May 22, WDAY released its Q1 results. The company's revenue improved 12.6% year-over-year to $2.2 billion and marginally exceeded the consensus estimates. Moreover, its adjusted operating margin expanded by a solid 430 basis points, driving a 28.2% annual increase in its adjusted EPS to $2.23. The bottom-line figure also came in well above Wall Street estimates. However, despite delivering a better-than-expected performance, its shares crashed 12.5% in the subsequent trading session. The sharp decline was not driven by company-specific factors but rather by broader market concerns. Trade tensions escalated after President Trump threatened a 25% tariff on Apple Inc. (AAPL) if iPhones were not produced in the U.S., dragging down Apple and other tech stocks including WDAY. The pressure intensified after Trump also warned of a 50% tariff on goods imported from the European Union since Jun. 1. Workday has slightly lagged behind its rival, Dayforce Inc's (DAY) 14.4% gain over the past 52 weeks. However, it has outpaced DAY's 22.6% decline on a YTD basis. Despite WDAY's recent underperformance, analysts remain moderately optimistic about its prospects. The stock has a consensus rating of "Moderate Buy' from the 37 analysts covering it, and the mean price target of $297.18 suggests a 25.5% premium to its current price levels. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
4 hours ago
- Business
- Forbes
Operational Blind Spots That Are Costing Businesses Millions
Nathan Rice, President of Energy Strategy, Energy CX . getty Most leaders I talk to aren't asleep at the wheel. They're looking at dashboards, managing vendors and doing their due diligence. But over and over again, I've seen that the biggest cost drains aren't the things they're tracking—they're the ones they're not. These are the blind spots—quiet areas of the business that bleed money without setting off alarms. They don't show up in performance reviews or investor calls, but they compound over time, and the cost is massive. Here's where I see companies lose the most without realizing it: SaaS waste is one of the sneakiest problems I see. Teams sign up for tools as they go—marketing gets one platform, sales adds a plugin, ops gets a project tracker. It's all well-intentioned, but it adds up fast. Most companies have no idea how much they're spending on software they're barely using. I've seen entire stacks where people were paying for overlapping tools or using 30% of the features they're licensed for. And because each department handles its own budget, most aren't looking at the full picture. You zoom out, and suddenly, there's six figures worth of waste—just sitting there. Studies show that up to 50% of SaaS licenses go unused, leading to major waste in company software spend. Energy Purchasing This one hits close to home for me because I see it all the time. For a lot of businesses, energy is treated like a fixed expense. You pay the bill and move on. Maybe someone renegotiates every few years, but there's rarely a strategy behind it. The problem? Energy pricing moves constantly. It's a volatile market. Timing matters—a lot. I've seen companies lock in rates at the peak of the market just because 'the contract was up.' No one asked if it was a good time to buy. They just signed. Over time, those decisions can cost millions. The companies that approach energy like an investment—looking at market cycles, using data to guide timing—come out way ahead. But most aren't doing that. Businesses that implement strategic energy procurement methods, such as flexible contracts and market timing, can achieve significant cost savings. However, most commercial energy buyers default to fixed-price contracts. Freight And Logistics In logistics, relationships run deep. A lot of companies stick with the same carriers or brokers for years because it feels stable. But market conditions don't stay still—fuel prices swing, demand shifts, weather happens. And if no one's actively pressure-testing your shipping strategy, you're probably overpaying. I've watched companies realize they're paying 15% to 20% above market after doing a basic benchmark. Not because anything was broken, just because no one had looked in a while. Routes get outdated, contracts don't get renegotiated and no one wants to fix something that isn't visibly broken. Vendor Relationships This one's easy to overlook. A lot of companies renew vendor contracts without really thinking about it: 'They've always done a decent job,' or 'We don't have time to go out to bid.' I get it. But over time, that adds up to missed opportunities. I've seen companies using the same supplier for years without realizing there's a better one out there—with lower prices, better terms or more innovation. Procurement becomes reactive: Just get what we need quickly. But when that becomes the norm, you lose leverage. Strategic sourcing isn't about cutting costs at all costs—it's about realigning spend with what the business actually needs now. High-performing mid-market companies regularly revisit their vendor contracts to identify cost-saving opportunities and enhance supplier performance. The Real Issue: Inertia These blind spots stick around because they're quiet. They don't trigger red flags. No one gets fired over slightly high shipping rates or a dusty software license. And because they don't scream, they get ignored. But in this market, that kind of complacency is expensive. Margins are tight. Expectations are rising. And the companies that stay flat-footed get outpaced—quickly. So What Can You Do About It? Start by asking the uncomfortable questions: • What parts of our spend haven't been reviewed in over a year? • Where are we defaulting to 'the way it's always been'? • Which tools are sitting unused or solving problems someone else has already solved? • Do we have the right internal firepower to evaluate fast-moving markets like freight, energy or tech? Then, build a rhythm. Make auditing part of the culture, not a once-a-year cleanup. Create space for operational curiosity. Let people poke at the status quo. Give teams permission to question old contracts or legacy tools. This isn't glamorous work. It won't end up in a press release. But it's where big wins often come from. Because the companies that win over time? They don't just have great products. They run sharper, leaner and smarter behind the scenes. Forbes Business Development Council is an invitation-only community for sales and biz dev executives. Do I qualify?
Forbes
4 hours ago
- Business
- Forbes
It Is Time To Get SaaSsy With Cybersecurity
Corey Elinburg, Field CTO of Obsidian Security, has spent 25+ years helping industry giants from all verticals secure what matters most. Salesforce launched its SaaS platform in 1999. ServiceNow followed in 2004, Workday followed in 2006 and in 2008, Microsoft introduced the Business Productivity Online Suite, which later evolved into Office 365 and is now known as Microsoft 365—a platform many of us rely on today. Despite our accelerated adoption of and increasing reliance on SaaS, many enterprises still struggle to secure these platforms effectively. SaaS-related security incidents are on the rise, yet most organizations suffer from blind spots driven by a combination of technical, organizational and cultural challenges. Below are the most common reasons I've seen why SaaS security is often overlooked: Many organizations mistakenly believe that SaaS vendors are solely responsible for security. In reality, while vendors secure the infrastructure and core application, customers are responsible for securing how the service is used—this includes user access, data sharing, MFA enforcement and more. That responsibility can extend across hundreds or even thousands of configuration settings. Failure to understand this model often leads to neglected security tasks like access controls, audit logging or configuration hardening. Notably, the 2023 Snowflake-related breaches were attributed to customer-side misconfigurations—not vendor failures—impacting even large enterprises with mature security teams. Employees frequently adopt SaaS tools without going through IT or security, leading to 'shadow IT.' These unsanctioned tools often handle sensitive data but remain invisible to security teams. A 2025 study found that 55% of employees adopt SaaS without security's involvement, and 57% report fragmented administration—making consistent oversight a challenge for many organizations. This lack of visibility makes it difficult to enforce policies, manage risk or even know where critical data resides. As more teams adopt SaaS apps for convenience and speed, this problem continues to grow unchecked. SaaS security often gets deprioritized because security teams are stretched thin. A 2024 report from ISACA found that 61% of European security teams lack sufficient staff, and nearly half report budget constraints. With limited resources, security teams focus on more traditional and well-known threats—like malware or network attacks—while SaaS security falls by the wayside. Without dedicated SaaS tools or staff, tasks like access reviews to uncover local SaaS accounts and third-party integration audits that would be considered "standard modus operandi" for traditional IT are neglected. SaaS tools can be deployed as quickly as the swipe of a credit card. Often, IT is not the "owner" of the SaaS application. Line-of-business teams prioritize agility and productivity, not security oversight. As a result, governance processes can't corral or keep up with SaaS adoption. In fact, 65% of unsanctioned SaaS apps are adopted without IT's involvement, and 59% of IT leaders say SaaS sprawl is hard to manage. Security teams are left playing catch-up, trying to enforce controls after deployment, which is often too late. Enterprises often assume that if a SaaS vendor claims to be secure (e.g., with SOC 2 or ISO certifications), then no further action is needed. This misplaced trust creates a false sense of security. While SaaS vendors may protect infrastructure, they can't control how customers use their platforms. Misconfigured permissions, unsecured data sharing or unvetted integrations can still lead to breaches—even on compliant platforms. Many companies focus more on achieving compliance checkboxes than addressing actual risk. Regulatory frameworks like HIPAA or GDPR may mandate certain practices, but they don't cover every SaaS-specific risk. This compliance-centric mindset can lead to security complacency. Organizations may pass audits but still be vulnerable to evolving SaaS threats like OAuth abuse, insider risk or third-party API exploitation. SaaS apps rarely work alone—they connect to other tools via APIs or integrations. These third-party connections often have broad permissions and can serve as attack paths if not properly secured. A recent report found that 64% of active third-party SaaS integrations in enterprises are over-permissioned. And 68% had unknown or unmonitored third-party APIs, leaving them open to abuse or misconfiguration. SaaS security isn't neglected because organizations don't care—it's neglected because of visibility gaps, cultural misunderstandings, rapid adoption cycles and strained security resources. To close these gaps, enterprises need to: • Gain visibility into SaaS usage and integrations. • Clarify roles under the shared responsibility model. • Dedicate resources to SaaS posture management. • Adopt a risk-based approach, not just compliance. • Continuously monitor configurations, access and third-party connections. • Ensure their SOC and incident response teams are empowered with tooling to respond to SaaS-related incidents. With the right focus, SaaS security can become a strength rather than a blind spot. Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify?
Entrepreneur
5 hours ago
- Business
- Entrepreneur
Capillary Technologies Files for IPO with SEBI, Plans to Raise USD 50 Mn
The filing was submitted on Thursday, marking a major step in the company's renewed effort to go public after postponing plans in 2021 due to poor market conditions. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Bengaluru-based SaaS firm Capillary Technologies has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The filing was submitted on Thursday, marking a major step in the company's renewed effort to go public after postponing plans in 2021 due to poor market conditions. The IPO will include a fresh issue of shares worth USD 50 million (approximately INR 430 crore) and an offer for sale (OFS) of 1.83 crore equity shares. The company's promoter, Capillary Technologies International Pte Ltd, will sell around 1.43 crore shares, which is nearly 77.6% of the OFS. Other participants in the OFS include institutional investors Ronal Holdings, Trudy Holdings, and Filter Capital, along with individual shareholders such as Sripathi Venkata Ramana Reddy, Harminder Sahni, Adarsh Reddy, Sudhakar Reddy, Sripathi Damodar Reddy, and Manjunath Nanjaiah. As per the DRHP, Capillary Technologies International Pte Ltd holds a 65.47% stake in the company. Other major shareholders include Ronal Holdings with 7.53%, AVP Fund (Avataar Ventures) with 5.51%, Trudy Holdings at 4.49%, and Filter Capital India at 3.66%. The company plans to use the IPO proceeds to enhance its cloud infrastructure and invest in product research and development. About INR 120 crore will go towards cloud infrastructure, INR 151.5 crore towards R&D, and INR 10.3 crore for purchasing computer systems. A part of the funds will also be used for potential acquisitions and general corporate purposes. JM Financial, IIFL Capital, and Nomura Financial Advisory have been appointed as the book-running lead managers for the issue. Capillary Technologies recently reported a 14% increase in operational revenue, reaching INR 598 crore in FY24. It also turned profitable in FY25, posting a net profit of INR 13.3 crore, compared to a INR 59.4 crore loss the previous year.
Axios
16 hours ago
- Business
- Axios
Exclusive: Payabli raises $28M to scale embedded payments
Payabli, a Miami-based embedded payments platform, has raised $28 million in Series B funding led by existing investors Fika Ventures and QED Investors, its founders tell Axios exclusively. Why it matters: Payments are becoming a core strategy for software vendors and SaaS platforms to unlock new revenue streams and deepen customer relationships. How it works: Payabli provides vertical software companies with an embedded platform that combines payment acceptance, payment issuance, and payment operations under a single API. This lets software vendors and vertical SaaS providers offer branded payment solutions without managing multiple third-party providers. "We remain laser-focused on our mission of making all software companies payment companies," co-founder William Corbera says. "And on unifying pay-in, pay-out and pay-ops through a single, unified API." What they're saying: "Vertical-SaaS platforms used to see payments purely as a cost center, but Payabli makes it so easy to embed and monetize that it's a no-brainer," Fika Ventures general partner TX Zhuo says. By the numbers: Payabli has grown nearly 8x since its Series A, processing billions annually and supporting over 50,000 merchants, Phillips says. He expects the company to support over 100,000 merchants by year's end. Between the lines: Insiders QED and Fika decided to double down on the company less than a year after it raised its Series A round. "We didn't need the money ... but our investors came to us. They see Payabli as a multiple-billion-dollar company and wanted to accelerate our growth," co-founder Joseph Elias Phillips says. Zhuo notes that the Series B round was the largest check Fika has written to date. "The team is building the go-to platform for software companies looking to embed payments, and we wanted to ensure they had capital to accelerate," QED partner Laura Bock said in an email. The latest: With the new funding, the company is betting big on AI, which it uses for risk management, fraud detection, customer support, and platform integration. It recently introduced an AI-powered support agent, Amigo, that is trained on extensive customer and platform data. "We've been investing heavily in AI — from Amigo on the support side to risk-and-fraud models across the platform — to keep the infrastructure reliable as we scale," Phillips says. Zoom in: The funding brings Payabli's total raised to $60 million, just nine months after its Series A.
