TriNet Q2 2020 Earnings Report
Key Takeaways
TriNet Group, Inc. announced financial results for Q2 2020, with total revenues increasing by 1% to $0.9 billion and Net Service Revenues increasing by 45% to $335 million. Net income increased 174% to $126 million, or $1.87 per diluted share. The company also acquired Little Bird HR.
Total revenues increased 1% to $0.9 billion and Net Service Revenues increased 45% to $335 million, as compared to the same period last year.
Net income was $126 million, or $1.87 per diluted share, compared to net income of $46 million, or $0.64 per diluted share, in the same period last year.
Adjusted Net Income was $136 million, or $2.03 per diluted share, compared to Adjusted Net Income of $50 million, or $0.70 per diluted share, in the same period last year.
Average Worksite Employees (WSEs) decreased 2% as compared to the same period last year, to approximately 314,000.
TriNet
TriNet
TriNet Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income