Workday Q4 outlook light, lands AON as financials customer

The company reported solid third quarter results and landed AON as a customer for its financial software. But the outlook looks light relative to expectations.

Workday reported a solid third quarter, but it will have to stretch to hit expectations for the fourth.

The company reported a third quarter net loss of $77.8 million, or 41 cents a share, on revenue of $305.3 million. Workday didn't break out a non-GAAP per share figure for the quarter.

Wall Street was looking for a non-GAAP loss of 4 cents a share on revenue of $303.5 million. Workday appears to have hit the break even mark on per share basis, according to Thomson Reuters.

However, Workday's outlook was light relative to expectations. The company projected fourth quarter revenue to be $317 million to $320 million, up 40 percent to 41 percent from a year ago.

For the fourth quarter, Wall Street was expecting Workday to report a loss of 4 cents a share on a non-GAAP basis on revenue of $320.3 million.

The company said it has been landing financial customers and landed the most human capital management ones to date.

Separately, Workday said AON will use its Financial Management software.