By Allison Prang
Workday Inc.'s (WDAY) net loss contracted as revenue climbed more than 20%.
The company's third-quarter net loss was $115.7 million, compared with a net loss of $153.3 million the comparable quarter a year ago. Its net loss was 51 cents a share, compared with a net loss 70 cents a share.
Adjusted earnings were 53 cents a share, up from 31 cents a share. Analysts polled by FactSet were expecting adjusted earnings of 37 cents a share.
Revenue was $938.1 million, up 26%. Analysts were expecting $920.7 million.
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