Welcome to our dedicated page for Dayforce news (Ticker: CDAY), a resource for investors and traders seeking the latest updates and insights on Dayforce stock.
Dayforce Inc. (CDAY) is a globally recognized leader in human capital management (HCM) technology, providing comprehensive solutions to optimize the entire employee lifecycle. Headquartered in Toronto and Minneapolis, Dayforce offers its award-winning, cloud-based platform, Dayforce HCM, which integrates HR, payroll, benefits, workforce management, and talent management functionalities.
Recent Achievements: Dayforce has made significant strides, including the acquisition of eloomi to enhance its learning and development capabilities. This acquisition aims to provide advanced training programs and AI-driven content creation to foster employee growth and engagement.
Current Projects: The company is rolling out new retail-focused product releases to improve workforce management and employee engagement for over 1,280 retailers. These enhancements include real-time workforce intelligence and on-demand pay solutions.
Financial Condition: Dayforce recently announced it will release financial results for Q3 2023 on November 1, 2023. This follows a thorough review of its financial reporting controls, ensuring accurate and reliable financial statements.
Partnerships and Products: The Dayforce platform serves a diverse clientele, including major retailers like American Dream and Sobeys. The platform's features empower businesses of all sizes to manage their workforce effectively, boosting productivity and employee satisfaction.
For the latest updates, financial reports, and more information, visit Ceridian's website or contact their Investor Relations team.
Ceridian HCM Holding Inc. (NYSE: CDAY) announced a secondary offering of 7,217,347 shares by affiliates of Thomas H. Lee Partners and CEO David Ossip, who offers 500,000 shares. The shares are sold under an automatic shelf registration statement filed with the SEC. Post-offering, Ossip will hold 8,862,884 shares, representing 6.0% of total shares outstanding. The proceeds from the sale will go entirely to the Selling Stockholders. BofA Securities and J.P. Morgan are the underwriters for this offering.
Ceridian (NYSE: CDAY) has appointed Joe Korngiebel as Executive Vice-President and Chief Product and Technology Officer, emphasizing its commitment to innovation in human capital management. With over 20 years of experience, including a leadership role at Workday, Korngiebel is expected to enhance Ceridian's product and technology teams. His expertise focuses on user experience and platform technologies, aligning with Ceridian’s Dayforce growth strategy. This strategic hire aims to bolster the company’s mission of empowering customer success through advanced technology.
Ceridian HCM Holding Inc. (CDAY) announced a technical issue with their third-party conference call vendor during their Q2 earnings call on August 5, 2020. An additional conference call has been scheduled for the same day at 7:00 p.m. ET to discuss the earnings results. Stakeholders can access the call via the investor relations website or through a dedicated phone line. Ceridian provides human capital management software, with its flagship Dayforce platform streamlining HR functions for organizations of all sizes.
Ceridian HCM Holding (CDAY) reported second-quarter 2020 revenue results, showing strength in Dayforce recurring services with revenue of $118.5 million, a 15.7% year-over-year increase.
Excluding float revenue, this figure rose to $110.2 million, marking a 23.3% growth. While total revenue decreased to $192.6 million, a 1.9% decline, net income was $5.5 million. Adjusted EBITDA fell 14.8% to $37.5 million. The company anticipates Dayforce recurring services revenue to grow 8%-10% in Q3 and expects further growth in Q4, reflecting resilient demand amid COVID-19.
Ceridian HCM Holding Inc. (NYSE: CDAY) announced its second quarter 2020 earnings release scheduled for August 5, 2020, after market close. A conference call will follow at 5:00 p.m. Eastern Time to discuss the results. Interested parties can access the call via Ceridian's Investor Relations website or by dialing in. Additionally, CEO David Ossip will present at the Citi Global Technology Virtual Conference on September 8, 2020, with a live webcast available. Ceridian's Dayforce platform offers comprehensive HCM solutions for businesses of all sizes.
Ceridian (NYSE: CDAY) announced the launch of its Dayforce platform in Mauritius aimed at enhancing HR processes. The IBL Group, the largest conglomerate in Mauritius, has chosen Dayforce to modernize its HR operations. This partnership emphasizes Ceridian's growing presence in the Middle East and Africa region. Dayforce is expected to enable smarter decision-making and improve employee experiences. Ceridian's leadership in human capital management is further solidified by IBL's transition from in-house systems to a modern solution that aligns with their goals of operational excellence.
Ceridian (NYSE: CDAY; TSX: CDAY) announced the appointment of Linda Mantia to its Board of Directors, effective June 12, 2020. Mantia brings extensive experience in financial services and digital technology from her previous roles at Manulife Financial and Royal Bank of Canada. She will also serve on the Audit Committee. Chairman David Ossip expressed confidence in Mantia's contributions towards advancing the company's strategic growth agenda as Ceridian continues to expand globally. Mantia holds a Law Degree and has been recognized as one of Canada's Top 100 Most Powerful Women.
Ceridian HCM Holding Inc. (NYSE: CDAY) announced that David Ossip, Chairman and CEO, will present at the William Blair Growth Stock Conference on June 10, 2020, at 3:20 p.m. Central Time. The presentation will be available via live webcast on Ceridian’s Investor Relations website. Ceridian specializes in human capital management software, with its Dayforce platform providing comprehensive HR, payroll, and talent management services to organizations of all sizes, enhancing employee lifecycle management.
Ceridian (NYSE: CDAY) has launched Dayforce Wallet, an on-demand pay solution that allows employees to access their earnings in real-time. By leveraging the Dayforce platform's continuous calculation capabilities, this app enables users to manage finances and request payouts as needed, addressing the financial concerns of employees living paycheck to paycheck. The service incurs no direct fees for employers or employees and maintains existing payroll processes. Dayforce Wallet is now available to U.S. customers as a downloadable app on the Apple App Store and Google Play.
Ceridian (NYSE: CDAY) has announced its acquisition of Excelity Global Solutions, enhancing its position in the Asia-Pacific HCM market. This strategic move is expected to close in Q2 2020 and aligns with Ceridian's expansion efforts in the region. Excelity, operating since 1997, serves over 300 customers across Asia and delivers 1.2 million payslips monthly utilizing a proprietary payroll platform. Stephen Moore will lead Ceridian's new Asia-Pacific Japan region post-acquisition, aiming to leverage the Dayforce platform to enhance service delivery for regional clients.
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