It isn’t every day that a vendor in HR is called “an emerging force to be reckoned with” by a top market analyst. But that’s exactly what happened when Workday, a maker of web-based HR software, raised $637 million in its initial public offering last Friday.
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Facebook advertising revenue reached $3.15 billion in 2011, representing an increase of almost 69% from $1.87 billion in 2010, and more than tripling from $764 million in 2009, according to the February 2012 prospectus it filed in conjunction with its initial public offering (IPO). The $3.15 billion in advertising revenue equaled 85% of the social network’s $3.71 billion in 2011 revenues, with the remaining $557 million derived from payments and other fees revenue, more than quadruple the…
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