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Sep 30, 2021
TriNet Q3 2021 Earnings Report
TriNet's financial performance reflected a strong customer base and commitment to providing the best possible HR experience.
Key Takeaways
TriNet Group, Inc. announced strong financial results for Q3 2021, with total revenues increasing by 18% to $1.1 billion and professional service revenues increasing by 24% to $156 million. Net income was $77 million, or $1.16 per diluted share, while Adjusted Net Income was $87 million, or $1.31 per diluted share.
Total revenues increased 18% to $1.1 billion compared to the same period last year.
Professional service revenues increased 24% to $156 million compared to the same period last year.
Net income was $77 million, or $1.16 per diluted share, compared to net income of $33 million, or $0.48 per diluted share, in the same period last year.
Adjusted Net Income was $87 million, or $1.31 per diluted share, compared to Adjusted Net Income of $39 million, or $0.56 per diluted share, in the same period last year.
Revenue by Segment
Forward Guidance
TriNet provided its fourth quarter and full-year 2021 guidance.
Positive Outlook
- Total Revenues Q4 2021 Low: 12%
- Total Revenues Q4 2021 High: 14%
- Total Revenues Full Year 2021 Low: 11%
- Total Revenues Full Year 2021 High: 12%
- Professional Service Revenues Q4 2021 Low: 16%
Challenges Ahead
- Professional Service Revenues Q4 2021 High: 20%
- Professional Service Revenues Full Year 2021 Low: 15%
- Professional Service Revenues Full Year 2021 High: 16%
- Insurance Cost Ratio Full Year 2021 Low: 87.0 %
- Insurance Cost Ratio Full Year 2021 High: 86.5 %
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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