Workday Q2 Net Loss Widens Slightly

(RTTNews) - Workday, Inc. (WDAY) reported a net loss for the second quarter of $69.4 million or $0.37 per share, compared to a net loss of $69.2 million or $0.38 per share for the year-ago quarter.

Excluding items, adjusted net income for the second quarter was $3.8 million, compared to an adjusted net loss of $20.6 million in the prior year quarter.

Total revenues for the second quarter rose 51% to $282.70 million from $186.78 million a year ago.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.06 per share on revenue of $274.07 million for the second quarter. Analysts' estimates typically exclude special items.

Looking ahead, the company forecasts third quarter total revenues to be within a range of $300 million and $303 million, or growth of 39% to 41% as compared to the prior year. Analysts currently expect the company to post revenue of $302.12 million for the third quarter.