Workday says Q3 sales top Street, eyes Q4 growth of over 70 pct

SAN FRANCISCO Wed Nov 28, 2012 5:03pm EST

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.

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