UPDATE: Workday Posts In-Line Q4 Loss, Sales Surge

reported in-line loss for the fourth quarter on Wednesday. The Pleasanton, California-based company posted a quarterly net loss of $59.5 million, or $0.32, versus a year-ago loss of $56 million, or $0.32 per share. Non-GAAP net loss narrowed to $0.06 per share, from $0.13 per share last year. Its total revenue climbed 59% to $226.3 million in the quarter. However, analysts were expecting a loss of $0.06 per share on revenue of $22.83 million. Subscription revenue jumped 64% to $181.9 million in the quarter. Workday posted an operating loss of $50.4 million, versus an operating loss of $48.0 million, in the year-ago quarter. Non-GAAP operating loss narrowed to $8.6 million, from $21.0 million last year. For the quarter, operating cash flows totaled $48.3 million, while free cash flows were $10.6 million. As of January 31, 2015, cash, cash equivalents and marketable securities were around $1.9 billion. "The fourth quarter ended another very successful year for Workday, which was marked by strong customer growth and product innovation," said Aneel Bhusri, co-founder and CEO, Workday. Workday expects Q1 revenue of $242 million to $245 million, versus analysts' estimates of $239.46 million. The company projects full-year revenue of $1.115 billion and $1.140 billion, versus analysts' expectations of $1.13 billion. Workday shares gained 1.66% to $95.50 in after-hours trading.