HR software maker Workday's net loss widens on higher spending

Reuters News
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Posted: Nov 19, 2015 4:14 PM

(Reuters) - Human resources software maker Workday Inc reported a bigger quarterly net loss, hurt by higher spending on sales, marketing and product development.

The company's net loss widened to $77.8 million, or 41 cents per share, in the third quarter ended Oct. 31, from $59.9 million, or 33 cents per share.

Revenue rose to $305.3 million from $215.1 million.

(Reporting by Abhirup Roy in Bengaluru; Editing by Don Sebastian)