logo
Share SHARE
FONT-SIZE Plus   Neg

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 RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Following his twelve-day trip to Asia, President Donald Trump announced Monday the U.S. is putting North Korea back on a list of state sponsors of terrorism. Trump announced the move in comments ahead of a Cabinet meeting and said his administration would also be ramping up sanctions on North Korea. Volkswagen plans to invest about 22.8 billion euros in its core brand from 2018 to 2022, with main focus on e-mobility and modularization. In a statement on Saturday, the German automaker announced that the investments, as part of the brand's Transform 2025+ strategy, will significantly boost the brand's largest product and technology offensive. Health IQ Insurance Services, a startup focused on providing life insurance for health-conscious individuals, said it has secured $34.6 million in Series C funding, led by Andreessen Horowitz. To date, the company has raised a total of $81 million in funding mostly from its existing investors.
comments powered by Disqus
Follow RTT