Workday Beats on Q4 Loss Expectations
Workday 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.
The article Workday Beats on Q4 Loss Expectations originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Workday. The Motley Fool has no position in Workday. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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