Workday Shares Slide After Fourth-quarter Earnings Release

Workday Inc. late Monday reported its fourth-quarter loss widened to $81.1 million, or 42 cents a share, from a loss of $59.5 million, or 32 cents a share, a year earlier. On an adjusted basis, the cloud software company would have lost a penny a share. Revenue jumped 43% to $323.4 million while subscription revenue surged 52% to $929.2 million. Analysts polled by FactSet had forecast a loss of 4 cents a share on revenue of $320 million. The company projected first-quarter revenue of $337 million to $339 million and subscription revenue of $277 million to $278 million. Shares of Workday fell 0.9% in after-hours trading.