Workday names new CFO, acquires cloud company VNDLY

Shares of Workday Inc. WDAY, -0.60% were initially down 6% successful extended trading Thursday aft the bundle institution reported fiscal third-quarter results that surpassed Street estimates, named Barbara Larson arsenic caller main fiscal officer, and its volition to get VNDLY, a cloud-based vendor-management bundle company. Workday reported nett income of $43.3 million, oregon 17 cents a share, vs. a nett nonaccomplishment of $24.3 million, oregon 10 cents a share, successful the year-ago quarter. Adjusted net were $1.10 a share. Revenue jumped 20% to $1.33 cardinal from $1.1 cardinal a twelvemonth ago. Billings were somewhat beneath estimates, however. Analysts surveyed by FactSet had expected nett income of 87 cents a stock connected gross of $1.31 billion. Workday's banal is up 25% this year, portion the broader S&P 500 scale SPX, +0.34% has gained 25%.