Blair Updates Shareholders On Top SaaS Names Ahead Earnings …

William Blair Updates Shareholders On Top SaaS Names Ahead Of Earnings Season

With Q1 earnings just around the corner, William Blair analyst Justin Furby just updated clients on the firm’s take on three major names in the software-as-a-service (SaaS) space. According to Furby, Workday Inc (NYSE: WDAY) and The Ultimate Software Group, Inc. (NASDAQ: ULTI) are both buys ahead of earnings, while the firm is more cautious on SAP SE (ADR) (NYSE: SAP).

Furby says Q1 tends to be seasonally weak for Ultimate Software, but William Blair expects the stock’s positive momentum to continue.

“Our fieldwork points to a healthy demand backdrop with bullish pipelines, and our sense is that first-quarter bookings were roughly in line with management’s expectations,” Furby explains.

Related Link: Microsoft Turning Azure Cloud Service Skeptics Into Believers

In addition, William Blair is bullish on Workday after speaking with four HR systems integration specialists who say U.S. and European demand were both high in Q1.

“A few partners pointed to stabilization after the

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