logo
Plus   Neg
Share
Email

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

Workday Inc. (WDAY), 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.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Down the line, GE has transformed from a too-big-to-fail conglomerate to a too-big-for-success albatross. The company has admitted to being too-much focused on EPS and operating profit, and not paying enough attention to cash. However, GE is certainly learning lessons from its past and refocusing its strategies to stage a comeback to its Camelot days, the key catalysts being... Industrial conglomerate General Electric Co., one of the original components of the Dow Jones Industrial Average, has been replaced by Walgreens Boots Alliance Inc. in the blue-chip index. The change comes into effect prior to the open of trading on Tuesday, June 26. The 122-year-old Dow Jones Industrial Average, or simply the Dow, is a stock market index with 30 component companies. A $716 billion defense policy bill easily cleared the Senate on Monday, although the legislation must still be reconciled with the version previously approved by the House. The Senate voted 85 to 10 in favor of the National Defense Authorization Act, which authorizes U.S. military spending for fiscal 2019.
Follow RTT