Workday Beats on Q4 Loss Expectations

Workday (NYSE: WDAY  ) has reported its Q4 and 2013 results. For the quarter, revenue amounted to $82 million, or 89% higher than the $43 million of the same period the previous year. Net loss came in at $25 million ($0.16 per diluted share), which was deeper than Q4 2011's shortfall of $22 million ($0.73).

That top-line figure was higher than analyst expectations of $78 million, while loss per share was narrower than the anticipated $0.21.

For the full year, top line was $274 million, more than double 2011's result of $134 million. Net loss amounted to $92 million ($1.26 per diluted share) for the year, against 2011's loss of $75 million ($2.57).

Workday also provided forward guidance. The company forecast $83 million-$87 million in revenue for the current quarter, and $420 million-$425 million for the full fiscal year.

Editor's note: A previous version of this article stated incorrect numbers for the quarterly revenue and top-line figures for the current and year-ago quarters. The Fool regrets the error.


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