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Sep 30, 2022
Dayforce Q3 2022 Earnings Report
Delivered strong financial and operating performance with revenue and profitability metrics exceeding guidance. Dayforce recurring revenue grew 30%, or 32% at constant currency.
Key Takeaways
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.
Total revenue was $315.6 million, up 22.7% year-over-year (25.3% on a constant currency basis).
Dayforce recurring revenue was $207.8 million, up 29.6% year-over-year (31.6% on a constant currency basis).
Cloud revenue was $276.9 million, up 26.1% year-over-year (28.4% on a constant currency basis).
Adjusted EBITDA was $63.5 million, compared to $39.4 million.
Revenue by Segment
Forward Guidance
Ceridian issued guidance for the full year and fourth quarter of 2022. Ceridian expects a return to more normalized employment levels.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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