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Workday Q1 Loss Widens; Lifts FY14 Revenue Outlook - Quick Facts

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Workday Inc. (WDAY: Quote), a provider of enterprise cloud-based applications, Wednesday reported first-quarter net loss attributable to common stockholders of $33.0 million, wider than $20.3 million in the year-ago period. Loss per share for the quarter narrowed to $0.20 from $0.61 in the previous year quarter.

Excluding items, loss for the quarter was $24.9 million, wider than $18.6 million last year. Loss per share for the latest first quarter narrowed to $0.15 from $0.57 in the comparable quarter last year.

Revenues for the quarter rose to $91.65 million from $56.82 million a year ago.

On average, analysts polled by Thomson Reuters estimated a loss of $0.18 per share on revenues of $86.91 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the second quarter of fiscal year 2014, the company expects revenues of $97 million to $101 million, or growth of 55% to 61% from the prior year. Analysts currently estimate revenues of $99.00 million.

For fiscal year 2014, the company expects revenues of $425 million to $440 million, or a growth of 75% to 80% from last year. Analysts currently expect revenues of $433.25 million.

Previously, the company expected fiscal 2014 revenues of $420 million to $435 million.

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by RTT Staff Writer

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