Workday said it will acquire Zimit, a configure price quote software provider specializing in service industries. Terms of the deal weren't disclosed. Zimit will enable Workday to offer quote-to-cash ...

A solid Q1 for Workday as the firm turned in revenues of $1.43 billion, up 22.2% year-on-year, with an operating loss of $72.8 million. Subscription revenues were up 23% year-on-year to $1.27 billion.

Workday turned in a strong set of Q1 numbers yesterday, but the firm’s stock took a tumble on Wall Street as investor short-termism took against forward-looking subscription revenue forecasts. For the ...