Pandora (NYSE:P) announced that it lost $14.5 million, or 9 cents a share, versus a loss of $8.2 million, or 5 cents per share, in the same period last year. Excluding items, the company only lost four cents, beating estimates by a penny. Revenue increased by 54% to $125.1 million from $81 million in the same period last year. Advertising revenue increased by 51% and subscriptions increased by 74%. Analysts estimated revenues of $123 million.
Shares are higher by about 24 percent.
Workday (NYSE:WDAY) announced that it lost 16 cents per share during the fourth quarter of fiscal 2013, lower than the loss of 73 cents per share reported in the same period last year. Revenue increased by 88.7% to $81.6 million, beating estimates of $78 million. Subscription revenue increased by 105% to $59.6 million, while service revenue increased by 55% to $21.9 million.
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