Workday posts smaller loss as subscription revenue jumps
May 22 (Reuters) - Workday Inc, a provider of Web-based human resources software, reported a smaller-than-expected quarterly loss as subscription revenue rose 85 percent.
The company's net loss per share narrowed to 20 cents per share in the first quarter from 61 cents a year earlier. Excluding items, the company reported a loss of 15 cents per share.
Revenue rose 61 percent to $91.6 million. Subscription revenue rose to $68.4 million.
Analysts on average had expected an adjusted loss of 18 cents per share on revenue of $86.9 million, according to Thomson Reuters I/B/E/S.
- With no sign of missing plane, search spreads far across land and sea |
- Malaysia military source says missing jet veered to west |
- Toddler found with heroin at New Jersey daycare center
- Ukraine appeals to the West as Crimea turns to Russia |
- UPDATE 1-Missing Malaysian plane last seen at Strait of Malacca-source