Feeds

Yahoo! co-founder Jerry Yang joins board of Oracle rival Workday

Web scale and Asia market important in consumer ERP push

Secure remote control for conventional and virtual desktops

Yahoo! co-founder Jerry Yang is taking a hand in the affairs of fast-growing Oracle and SAP competitor Workday.

Workday announced on Monday that Yang had joined its board, where he’ll lend his experience helping build its Enterprise Resource Planning (ERP) service.

The company is banking on Yang’s experience in building consumer-facing services that scale to millions of users and hoping it will rub off on its online business apps.

Workday likely also hopes to tap his experience and contacts in Asia, where the ERP market is still expanding.

Aneel Bhursri, Workday co-founder and co-chief executive, said in a statement on Yang’s appointment: “[Yang is] synonymous with the internet and the way we engage with it both from a consumer and enterprise perspective.”

Yang reciprocated by saying he looks forward to leveraging his experience as a technologist and entrepreneur to provide advice on new areas of growth.

“It’s clear that the enterprise is taking many cues from the consumer internet,” Yang said.

Yang co-founded Yahoo! in 1995 but after losing an early lead and surrendering search and ads share to Google – and then turning down a rescue purchase by Microsoft – Yang took heavy flack. He finally stepped down as Yahoo! CEO in 2009 while remaining on the board. He left Yahoo! January 2012 and now runs his own venture-capital firm, AME Cloud Ventures.

Yang’s appointment at Workday came as the company announced its third-quarter results.

Revenue for the period to 31 October grew 76 per cent to $127.9m, beating analysts' expectations of $117.7m – with subscriptions increasing 82 per cent to $93.9m.

Workday reported a net loss of $40.4m, compared to $40.9m YoY, and a loss per share of $0.27 – down from $0.67 but greater than the $0.17 analysts expected.

The company said while long-term profitably is a goal, the current focus had to be on market expansion and continued product innovation too.

A large chunk of growth is coming from replacing payroll systems from SAP and PeopleSoft, owned by Oracle, as well as Oracle’s own systems.

Chief financial officer Mark Peek told analysts when large companies replace payroll they are bringing in Workday and taking out "legacy vendors". ®

Boost IT visibility and business value

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
XBOX One will learn to play media from USB and DLNA sources
Hang on? Aren't those file formats you hardly ever see outside torrents?
Class war! Wikipedia's workers revolt again
Bourgeois paper-shufflers have 'suspended democracy', sniff unpaid proles
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.