Beijing time on August 31st morning news, the U.S. human resources software maker Workday announced today that it plans to start IPO (initial public offering), financing $400 million. Workday provides HR, payroll and financial management services for the company.
according to previous reports, Workday in July this year began quietly planning IPO matters. Because of the employment law (JOBS Act), the company did not disclose the details of the preparation. Now, Workday announced the S-1 file, the news has been confirmed.
Workday said in the document, the company’s most recent fiscal year (as of January 31st) revenue of $134 million 400 thousand, an increase of 98%, but a net loss of $79 million 600 thousand.
Workday was founded in 2005 (when the name was founded North Power Tools), its founder David Dufield (Dave Duffield) and Tahoe (PeopleSoft) • • • (Aneel Bhusri) are former employees. Now, with the palm Workday CEO and Busri as part of an integration plan.
According to the
S-1 file, and Busri Workday as part of an integration plan still have most of the voting shares. Workday’s investors include Greylock Partners and New Enterprise Associates.
S-1 file file listed in the risk factors of Workday, the most obvious is the company every year at a loss. "We do not expect to achieve profitability in the foreseeable future," Workday said in the paper." The paper also lists a number of common risks faced by a software as a service (SaaS) provider, including intense competition, security vulnerabilities, long sales cycle and dependence on third party data centers, etc..
Workday file also pointed out that the company’s full range of product income inequality, the main revenue from its Capital (Human) application software. (Zhu Fei)