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Workday Shares Rise 8% On Higher Q4 Revenues

Shares of software company Workday, Inc. (WDAY) are rising 8 percent on Tuesday's trading after the company reported a 22 percent rise in fourth-quarter revenues.

Total revenues were $1.38 billion, up from $1.13 billion a year ago. Subscription revenues came in at $1.23 billion, up 22 percent from the same period last year.

Quarterly net loss widened to $73.3 million or $0.29 per share from $71.7 million or $0.30 per share a year ago. Excluding items, Workday, Inc. reported adjusted earnings of $2067 million or $0.78 per share for the period.

Currently at $245.00, the stock has traded between $205.90 and $307.81 during the past 52 weeks.

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