Dayforce Earnings Reports

Dayforce reported a strong fourth quarter in 2024, marked by a 16% increase in total revenue to $465.2 million and a 19% increase in Dayforce recurring revenue to $347.9 million. The company's adjusted EBITDA rose to $129.2 million, representing a 27.8% margin. The company also issued guidance for Q1 and full year 2025.

Dayforce reported a 17% increase in total revenue, reaching $440.0 million, and a 19% increase in Dayforce recurring revenue, amounting to $333.2 million. The company's net income was $2.0 million, with adjusted diluted net income per share at $0.47. Additionally, 6,730 customers were live on the Dayforce platform as of September 30, 2024.

Dayforce reported a 16% increase in total revenue, reaching $423.3 million, and a 20% increase in Dayforce recurring revenue, amounting to $321.6 million. The company's operating profit was $14.1 million, with a net loss of $1.8 million, but an adjusted net income of $76.2 million. The company announced a $500 million share repurchase program and the date for its first Investor Day.

Dayforce reported strong Q1 2024 results, with total revenue of $431.5 million, up 16.4%, and Dayforce recurring revenue of $337.2 million, up 24.3%. Operating profit increased to $40.7 million, and the company raised its guidance across all key metrics.

Dayforce reported a strong fourth quarter and full year 2023, marked by a 18.9% increase in total revenue to $399.7 million and a notable rise in Dayforce recurring revenue, which grew by 30.1% to $292.1 million. The company also saw improvements in profitability, with operating profit reaching $38.8 million, and net income at $45.6 million. The company's performance was driven by record enterprise go-lives and operating cash flows.

Ceridian reported a strong third quarter with total revenue of $377.5 million, up 19.6% year-over-year, and Dayforce recurring revenue growth of 34.6%. The company raised its revenue and profitability outlook for the fourth quarter and fiscal year 2023.

Ceridian reported a strong second quarter in 2023, marked by a 21.5% increase in total revenue to $365.9 million and a significant rise in Dayforce recurring revenue, which grew by 38.0% to $268.2 million. The company's operating profit reached $29.4 million, a notable improvement from the previous year's operating loss, and net income was $3.1 million, compared to a net loss of $19.8 million in the prior year. Ceridian also raised its full year outlook across all growth and profitability metrics.

Ceridian reported a strong first quarter in 2023, with total revenue of $370.6 million, representing a 26.4% increase year-over-year. Dayforce recurring revenue increased by 43.8% year-over-year, reaching $271.2 million. The company's operating profit was $38.4 million, and net income was $9.9 million.

Ceridian reported strong Q4 2022 results, with Dayforce recurring revenue increasing by 31.7% year-over-year (34.7% on a constant currency basis) and total revenue up by 19.1% (23.0% on a constant currency basis). The company exceeded its guidance across all metrics, driven by Dayforce recurring revenue momentum, operating profit expansion, and increased cash flow generation.

Ceridian's Q3 2022 results exceeded guidance on all revenue and profitability metrics. Dayforce recurring revenue grew 30% (32% at constant currency), and operating cash flows more than doubled year-on-year. The company now has 5,848 customers live on the Dayforce platform.

Ceridian reported a 20.3% increase in total revenue, reaching $301.2 million. Dayforce recurring revenue increased by 29.0% to $194.3 million. The company's cloud recurring gross margin was 72.2%, and adjusted net income was $33.0 million, or $0.21 per share.

Ceridian reported a strong start to the year with Dayforce recurring revenue excluding float up 31% year-over-year and Adjusted EBITDA exceeding the high end of guidance. Total revenue increased by 25.1% to $293.3 million.

Ceridian's total revenue for the fourth quarter of 2021 was $282.1 million, up 26.6% year-over-year. Dayforce recurring revenue, excluding float revenue, increased by 32%.

Ceridian reported a strong third quarter with total revenue of $257.2 million, a 25.8% increase year-over-year. Dayforce recurring revenue grew by 30.6% to $160.3 million, and the company updated its full year 2021 guidance for Dayforce recurring revenue.

Ceridian reported a strong financial performance for Q2 2021, with results meaningfully above guidance across all metrics. Total revenue reached $250.4 million, a 30.0% increase year-over-year. Dayforce recurring revenue, excluding float revenue, increased by 29.9%.

Ceridian reported strong first quarter results with Dayforce recurring revenue of $145.3 million, up 13.4% year-over-year. Total revenue was $234.5 million, an increase of 5.3%. The company expects total revenue in 2021 to exceed $1 billion.

Ceridian reported a slight increase in total revenue for Q4 2020, with significant growth in Dayforce recurring services revenue excluding float revenue. The company's cloud revenue also saw growth, and the number of Dayforce customers increased. However, the company reported a net loss for the quarter, and Adjusted EBITDA declined.

Ceridian reported a slight increase in total revenue, driven by Dayforce recurring services revenue and cloud revenue growth. Net loss was $0.8 million, impacted by a one-time tax benefit in Q3 2019. Adjusted EBITDA declined due to float revenue impact.

Ceridian announced its Q2 2020 financial results, reporting Dayforce recurring services revenue of $118.5 million, up 15.7% year-over-year. Total revenue was $192.6 million, a decline of 1.9%. Net income was $5.5 million, and diluted net income per share was $0.04.

Ceridian reported strong first-quarter results with total revenue increasing by 9.3% to $222.7 million and Dayforce revenue growing by 27.1% to $168.8 million. The company launched Dayforce Wallet and saw high demand for Dayforce. However, due to the uncertainty caused by the COVID-19 pandemic, Ceridian withdrew its full-year 2020 guidance.

Ceridian reported a 35.4% increase in Dayforce revenue, reaching $158.7 million, and a 30.2% increase in Dayforce recurring revenue, amounting to $114.3 million. The company ended the year with 4,363 live Dayforce customers. Net loss was $1.5 million for the quarter.