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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. The global software market is expected to grow at a 7.2% CAGR between 2021 – 2026. So, both WDAY and ALIT should benefit.
But, while ALIT has gained 13% in price over the past nine months, WDAY has surged 22.5%. WDAY is a clear winner with 14% price gains versus ALIT’s 12.1% returns in terms of their past month’s performance. But which of these stocks is a better pick now? Let’s find out.
