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Workday stock plunges most since 2012 as Oracle competition grows

2015-05-28 04:28:49| Telecom - Topix.net

Workday, the cloud-based software provider facing competition from Oracle, dropped the most since the company went public in October 2012 after forecasting a slowdown in billings growth. Billings expansion decelerated to 30 percent in the fiscal first quarter, after growing 72 percent on a year-over-year basis last quarter.

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