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Fly News Breaks for August 22, 2016
WDAY
Aug 22, 2016 | 07:36 EDT
Needham analyst Scott Berg downgraded Workday to Hold following industry checks that indicate Q2 billings upside will be limited and Financials sales remain challenging. The analyst's checks indicate the high end of the HRMS market remains slow and competitive, and expects Q2 billings to be in line with recent decelerating trends. Berg adds that the shares are now fully valued amid more cautious industry checks.
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