Workday satisfies Q4 expectations; outlook strong

Workday published fourth quarter and end-of-year results after the bell on Wednesday, and things panned out well, more or less.

The financial management software provider reported a net loss of $59.5 million, or 32 cents per share (statement).

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On a non-GAAP basis, the loss was six cents per share on a revenue of $226.3 million, up 59 percent year-over-year.

Wall Street was also bracing for a loss of six cents per share on a revenue of $222.85 million.

Workday also grew subscription revenues by 64 percent year-over-year, producing $181.9 million during the quarter.

For the full year, Workday produced $787.9 million in revenue, up 68 percent year-over-year, with a non-GAAP loss of 33 cents per share.

In prepared remarks, Workday CEO and co-founder Aneel Bhusri highlighted the company's global expansion plans in Japan and Europe.

Workday now has seven offices across Europe with more than 170 customers using Workday in Germany alone.

"In the year ahead, we will focus on strategic initiatives including continued investment in our financial management product, growth of our presence in the education and government industries, and expansion of the business globally," Bhusri promised.

For the current quarter, Wall Street predicts Workday will start its next fiscal year with a slightly larger loss at nine cents per share and $239.46 million in revenue.

Workday responded with a Q1 revenue guidance range of $242 million to $245 million, translating to growth of 51 to 53 percent year-over-year.

For 2015 overall, Workday is projecting revenue to fall between $1.115 billion and $1.140 billion, representing growth of 42 to 45 percent.