Workday earnings and software subscriptions rise due to Covid-19



a group of people standing in front of a computer: Workday Inc. Chairman, Co-Founder and Co-CEO Aneel Bhusri and Co-Founder and Co-CEO Dave Duffield ring the opening bell at the New York Stock Exchange


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Workday Inc. Chairman, Co-Founder and Co-CEO Aneel Bhusri and Co-Founder and Co-CEO Dave Duffield ring the opening bell at the New York Stock Exchange

As professional workers in the US continue to work remotely due to the pandemic, many are discovering their HR and financial systems aren’t set up for this modern situation.

For companies that haven’t switched to cloud-based service providers, accessing sensitive and confidential documents can still require some roundabout measures. “They are having people sneaking onto their business to download some reports and being able to provide the financial numbers” Chano Fernandez, Workday’s co-chief executive officer said during a conference call on Nov. 20.

Opportunities in the cloud

Even without secret office visits, many businesses are realizing they need to modernize the various systems they use to manage employees (known as HCMs), in order to survive the pandemic and better accommodate long-term remote

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Netflix hikes prices on standard and premium streaming subscriptions

Netflix
is raising the monthly subscription fees for its standard and premium plans. A standard subscription, the most popular Netflix offering, will now cost $14 a month, or $1 more a month than before. A premium subscription — which unlocks 4K resolution and HDR, along with an increase in the number of screens you can simultaneously stream from — will now cost $18 a month, a jump of $2.

The move comes as many people continue to hunker down in their homes amid the ongoing COVID-19 pandemic, putting extra emphasis on the demand for streaming entertainment from an increasingly crowded field. Within the last year, competition has arrived in the form of streaming services including Apple TV Plus
, Disney Plus, HBO Max
, Peacock and Quibi.

“We understand people have more entertainment choices than ever and we’re committed to delivering an even better experience for our

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