Thomson ReutersNovember 25, 2013 17:02
(Reuters) - Workday Inc, a provider of Web-based human resources software, guided fourth-quarter revenue well above expectations after reporting a 76 percent jump in quarterly sales, helped by strong growth in subscriptions.
Workday's shares rose as much as 8 percent after the bell.
The company, which makes software to manage employee performance, payroll and expense, said it expects revenue to be $133-$138 million in fourth quarter. Analysts were expecting $128.9 million, according to Thomson Reuters I/B/E/S.