U.S. Markets open in 7 hrs 9 mins

Workday reports 4Q loss

PLEASANTON, Calif. (AP) _ Workday Inc. (WDAY) on Monday reported a loss of $105.6 million in its fiscal fourth quarter.

On a per-share basis, the Pleasanton, California-based company said it had a loss of 52 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 7 cents per share.

The results beat Wall Street expectations. The average estimate of 38 analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The maker of human resources software posted revenue of $436.7 million in the period, also surpassing Street forecasts. Thirty-eight analysts surveyed by Zacks expected $430.4 million.

For the year, the company reported that its loss widened to $408.3 million, or $2.06 per share. Revenue was reported as $1.57 billion.

Workday expects full-year revenue in the range of $2.01 billion to $2.03 billion.

Workday shares have increased 36 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $90.19, a climb of 52 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WDAY at https://www.zacks.com/ap/WDAY


Keywords: Workday, Earnings Report