Workday (NASDAQ) and Alight, which are both in demand for cloud-based platforms that work efficiently and securely should be benefited. Which stock is better to buy right now? Let’s find out.Workday, Inc. (WDAY) and Alight, Inc. (ALIT) are two prominent players in the cloud-based software industry. Pleasanton, Calif.’s WDAY is a developer of enterprise cloud apps that enable customers to optimize their finances and human resources in order to help them manage important business functions. ALIT is based in Lincolnshire, Ill. and provides cloud-based digital business and human capital solutions. You can get benefits and payroll services as well cloud solutions. Also, you will find cloud application services which include deployment and advisory services.
The ongoing digital transformation in almost all industries and the rising adoption of advanced cloud-based software platforms to facilitate remote working should drive the software industry’s growth. Global software sales are expected to increase at 7.2% between 2021-2026. Therefore, ALIT as well as WDAY will both benefit.
ALIT gained 13%, but WDAY has increased 22.5% over the same period. WDAY is a clear winner with 14% price gains versus ALIT’s 12.1% returns in terms of their past month’s performance. Which stock is better? Let’s find out.
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