Salesforce vs. Workday: Which Is the Better Buy?

Two tech companies focused on helping other companies succeed -- Salesforce.com (CRM -0.45%) and Workday (WDAY -1.02%) -- have both crushed their latest earnings reports as other businesses increasingly have need for their cloud-based services.

In this episode of "Beat & Raise" on Motley Fool Live, recorded on Sept. 27, Fool.com contributor Brian Withers talks about how they've both seen explosive growth and what makes Workday work.

Brian Withers: So we've got about five minutes left. Bhanu has a couple of questions, I guess, [laughs] really. He's talking about Snowflake versus Salesforce versus maybe Workday. I can take the Workday question. Really, huge opportunity. Basically, Bhanu is saying is Workday a buy, it sounds like it's a huge opportunity for Salesforce. I would absolutely say, I think that yes, Workday is going to be around for a long time, I think it's going to be one of the winners in the market. Eventually, as you get to a company of a certain size, you need a human resources management system. If you look at some of Workday's numbers versus some of the other different software platforms that are implemented, Workday is very much grown very quickly like Salesforce has. Part of the reason is things like payroll, things like hiring, things like promotions, and keeping track of folks' salary, and sales incentives and things like that, that all gets roped into Workday. Especially with labor shortages and especially with companies trying to make the invest environment for their employees, I think Workday is going to play a big role there. I don't know which is going to do better, Salesforce or Workday, but they're both in that enterprisewide space. Do either of you have some thoughts on Snowflake? It's OK to say no. [laughs] I thought so. Which is likely to get to 10X in shorter time? Bhanu, why don't you let us know? [laughs] We'll go invest in that one, but we're definitely Salesforce fans here today.