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PLEASANTON, Calif. (AP) — PLEASANTON, Calif. (AP) — Workday Inc. (WDAY) on Thursday reported break-even earnings in its fiscal first quarter.
The Pleasanton, California-based company said it had profit that was less than 1 cent on a per-share basis. Earnings, adjusted for stock option expense and non-recurring costs, were $1.31 per share.
The results beat Wall Street expectations. The average estimate of 23 analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.
The maker of human resources software posted revenue of $1.68 billion in the period, also surpassing Street forecasts. Twenty-five analysts surveyed by Zacks expected $1.67 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a WDAY">Zacks stock report on WDAY at https://www.zacks.com/ap/WDAY