PLEASANTON, Calif. (AP) _ Workday Inc. (WDAY) on Thursday reported a loss of $128 million in its fiscal fourth quarter.
On a per-share basis, the Pleasanton, California-based company said it had a loss of 56 cents. Earnings, adjusted for one-time gains and costs, were 50 cents per share.
The results exceeded Wall Street expectations. The average estimate of 35 analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.
The maker of human resources software posted revenue of $976.3 million in the period, also beating Street forecasts. Thirty-four analysts surveyed by Zacks expected $965.4 million.
For the year, the company reported that its loss widened to $480.7 million, or $2.12 per share. Revenue was reported as $3.63 billion.
Workday shares have risen 4% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $171.20, a decrease of 13% in the last 12 months.