Workday Reports Q4 Loss In Line

(RTTNews) - Workday, Inc. (WDAY) reported a net loss for the fourth quarter of $59.5 million or $0.32 per share, compared to a net loss of $56.0 million or $0.32 per share for the year-ago quarter.

Excluding items, adjusted loss per share for the fourth quarter was $0.06, compared to an adjusted loss per share of $0.13 in the prior year quarter.

Total revenues for the fourth quarter rose 59% to $226.3 million, with subscription revenues up 64%.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.06 per share on revenue of $222.85 million for the fourth quarter. Analysts' estimates typically exclude special items.

Looking ahead, the company forecast revenue of $242 million to $245 million for the first quarter and $1.115 billion to $1.140 billion for the full year 2015.

Analysts currently expect the company to post revenue of $239.46 million for the first quarter and $1.13 billion for the full year 2015.