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Mar 31, 2020
Dayforce Q1 2020 Earnings Report
Ceridian's financial performance was strong, with Dayforce revenue increasing and the launch of Dayforce Wallet showing promising demand.
Key Takeaways
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.
Dayforce revenue increased by 27.1% year-over-year to $168.8 million.
Total revenue increased by 9.3% year-over-year to $222.7 million.
Cloud revenue increased by 23.5% year-over-year to $190.9 million.
The company launched Dayforce Wallet and is seeing the demand expected.
Dayforce
Dayforce
Dayforce Revenue by Segment
Revenue by Segment
Dayforce recurring Revenue
CapyFin.comPowerpay recurring Revenue
CapyFin.comOther recurring Revenue
CapyFin.comProfessional services Revenue
CapyFin.com Forward Guidance
Due to the impossibility of accurately predicting the depth and duration of the COVID-19 crisis and its impact on employment levels, Ceridian is suspending its remaining quarterly guidance and withdrawing its full-year 2020 guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income