Picking up quickly after the holiday weekend, Workday published first quarter financial results after the bell on Tuesday.
The HCM software vendor reported a net loss of $61.6 million, or 33 cents per share (statement).
On a non-GAAP basis, the loss was just two cents per share on a revenue of $251 million, up 57 percent year-over-year.
Wall Street was bracing for a loss at eight cents per share with $245 million in revenue.
Workday CEO and co-founder Aneel Bhusri attributed the better-than-expected results to "a record number of new customers."
Subscription revenues totaled $201 million during the quarter, up 63 percent from same time frame last year.
For the current quarter, Wall Street is hoping for a slightly smaller loss at seven cents per share with $272.39 million in revenue.
Workday CFO Mark Peek followed up with a revenue guidance range of $270 million to $274 million, translating to growth between 45 and 47 percent year-over-year.