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Fly News Breaks for June 20, 2016
WDAY, DATA
Jun 20, 2016 | 09:06 EDT
Wedbush expects Tableau's (DATA) license growth to accelerate, and the firm predicts that its margins will increase through fiscal 2016. After speaking with resellers, Wedbush reports that customers remain enthusiastic about the company's products, while most of its partners are seeing strong growth of 25%+. Conversely, Wedbush says its checks uncovered "deal slippage" in Workday's (WDAY) core HCM business. The firm adds that the pipelines of "some of Workday's largest and most important integrators" were coming in below expectations. The firm does not think that Workday will be able to raise its fiscal 2017 guidance.
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