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Workday posts 26% rise in third-quarter revenue

Workday Inc reported a 26% rise in its third-quarter revenue on Tuesday, as it took on more companies as subscribers for its cloud-based financial and human resources management software.

Dec 3 (Reuters) - Workday Inc WDAY.O reported a 26% rise in its third-quarter revenue on Tuesday, as it took on more companies as subscribers for its cloud-based financial and human resources management software.

The enterprise cloud services provider's net loss narrowed to $115.7 million, or 51 cents per share, in the third quarter ended Oct 31, from $153.3 million, or 70 cents per share, a year earlier.

Total revenue rose to $938.1 million from $743.2 million during the same period last year.

(Reporting by Ambhini Aishwarya in Bengaluru; Editing by Shailesh Kuber)

((Ambhini.Aishwarya@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 0543;))

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