Workday says Q3 sales top Street, eyes Q4 growth of over 70 pct
SAN FRANCISCO Nov 28 (Reuters) - Workday Inc's revenue doubled in the third quarter and the provider of Internet-based software forecast better-than-expected current-quarter sales as it expands its corporate client base, driving its shares 4 percent higher.
Revenue leapt to $72.6 million in the fiscal third quarter. For the current three months, Workday is forecasting revenue growth of 74 to 83 percent, to between $75 million and $79 million, exceeding Wall Street's average prediction for $70.7 million.
The stock was up 4 percent at $55.20 in after hours trade, from a close of $53.19 on the New York Stock Exchange.
- U.S.' Kerry voices 'regret' to India over diplomat case |
- Washington, DC city council raises minimum wage to $11.50/hr in 2016
- China confirms near miss with U.S. ship in South China Sea
- Mega Millions winners in Georgia, California to split $648 million |
- Medical bills underlie 60 percent of U.S. bankrupts: study