Workday Q3 Net Loss Widens

(RTTNews) - Workday, Inc. (WDAY) reported a net loss for the third quarter of $59.9 million or $0.33 per share, compared to a net loss of $47.5 million or $0.27 per share for the year-ago quarter.

Excluding items, adjusted net loss for the third quarter was $5.3 million or $0.03 per share, compared to an adjusted net loss of $21.3 million or $0.12 per share in the prior year quarter.

Total revenues for the third quarter rose 68% to $215.07 million from $127.87 million in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.10 per share on revenue of $205.27 million for the third quarter. Analyst' estimates typically exclude special items.

Looking ahead, the company forecasts fourth quarter total revenues to be within a range of $219 million and $222 million, or growth of 54% to 56% as compared to the prior year. Analyst currently expect the company to post revenue of $220.45 million for the fourth quarter.