Shares of Workday (WDAY), a leader in enterprise cloud applications for human resource and finance functions, published its third quarter results for its fiscal 2013 after the close on Wednesday. Shares gained over 1% in after hours trading , after trading with gains of up to 7%.
Third Quarter Results
Workday reported its third quarter results, the first earnings release as a public company after being listed in October. Workday reported third quarter revenues of $72.6 million, up 99% compared to last year. Growth was driven by a 116% increase in subscription revenues which came in at $51.6 million. Revenues came in ahead of analysts estimates of $64 million.
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