Feeds

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

Web scale and Asia market important in consumer ERP push

Designing a Defense for Mobile Applications

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". ®

The smart choice: opportunity from uncertainty

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.