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Jun 30, 2021

Dayforce Q2 2021 Earnings Report

Achieved strong financial performance, exceeding guidance across all metrics.

Key Takeaways

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%.

Total revenue increased by 30.0% to $250.4 million.

Dayforce recurring revenue, excluding float revenue, grew by 29.9%.

Cloud revenue increased by 24.7% to $209.4 million.

5,164 Dayforce customers were live on the Dayforce platform as of June 30, 2021, a net increase of 125 customers compared to March 31, 2021.

Total Revenue
$250M
Previous year: $193M
+30.0%
EPS
$0.06
Previous year: $0.13
-53.8%
Live Dayforce Customers
5.16K
Previous year: 4.6K
+12.2%
Gross Profit
$92.1M
Previous year: $78.6M
+17.2%
Cash and Equivalents
$335M
Previous year: $527M
-36.4%
Total Assets
$6.81B
Previous year: $5.85B
+16.3%

Dayforce

Dayforce

Dayforce Revenue by Segment

Forward Guidance

Ceridian has issued the following guidance for the remainder of fiscal year 2021:

Revenue & Expenses

Visualization of income flow from segment revenue to net income