PLEASANTON, Calif. (AP) _ Workday Inc. (WDAY) on Thursday reported a loss of $120.7 million in its fiscal second quarter.
The Pleasanton, California-based company said it had a loss of 53 cents per share. Earnings, adjusted for one-time gains and costs, were 44 cents per share.
The results topped Wall Street expectations. The average estimate of 29 analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.
The maker of human resources software posted revenue of $887.8 million in the period, also surpassing Street forecasts. Thirty analysts surveyed by Zacks expected $872.6 million.
Workday shares have increased 17% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $187.57, an increase of 22% in the last 12 months.