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Workday quarterly revenue rises 34.3 percent
November 29, 2017 / 9:13 PM / in 13 days

Workday quarterly revenue rises 34.3 percent

Nov 29 (Reuters) - Human resources software developer Workday Inc reported a 34.3 percent rise in quarterly sales on Wednesday, helped by higher subscription revenue from its cloud-based services.

The company’s net loss narrowed to $85.5 million, or 41 cents per share, in the third quarter ended Oct. 31 from $110.1 million, or 55 cents, a year earlier.

Total revenue rose to $555.4 million from $413.5 million. (Reporting by Munsif Vengattil and Ankit Ajmera in Bengaluru; Editing by Anil D‘Silva)

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