Workday's revenue rises 57 percent on higher subscriptions

Reuters News
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Posted: May 26, 2015 4:26 PM

(Reuters) - Workday Inc posted a 57 percent rise in quarterly revenue, helped by strong subscription growth for its web-based human resource management software.

The company's revenue rose to $251 million in the first quarter ended April 30 from $159.7 million a year earlier.

Net loss widened to $61.6 million, or 33 cents per share, from $59.4 million, or 32 cents per share.

(Reporting by Sai Sachin R and Anya George Tharakan in Bengaluru; Editing by Maju Samuel)