Workday posts 26% rise in third-quarter revenue

Workday posts 26% rise in third-quarter revenue

FILE PHOTO: Workday Inc. Chairman, Co-Founder and Co-CEO Aneel Bhusri (L) and Co-Founder and Co-CEO Dave Duffield (C) applaud thier company’s first trade with NYSE-Euronext CEO Duncan Niederauer (center R) and traders following the IPO on the floor of the New York Stock Exchange, October 12, 2012. REUTERS/Brendan McDermid

(Reuters) – Workday Inc (WDAY.O) reported a 26% rise in its third-quarter revenue on Tuesday, as it took on more companies as subscribers for its cloud-based financial and human resources management software.

The enterprise cloud services provider’s net loss narrowed to $115.7 million, or 51 cents per share, in the third quarter ended Oct 31, from $153.3 million, or 70 cents per share, a year earlier.

Total revenue rose to $938.1 million from $743.2 million during the same period last year.

Reporting by Ambhini Aishwarya in Bengaluru; Editing by Shailesh Kuber

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