Dayforce Inc. - CDAY STOCK NEWS

Ceridian HCM Holding Inc. (NYSE:CDAY) announced it will release its first quarter 2023 financial results after market close on May 3, 2023. A live webcast will occur at 5:00 p.m. Eastern Time on the same day, allowing investors to discuss the financial outcomes and insights. Interested parties can access the event through the Ceridian Investor Relations website. Ceridian specializes in human capital management technology, offering its flagship platform, Dayforce, which encompasses HR, payroll, benefits, workforce, and talent management services. This comprehensive approach aims to enhance the employee lifecycle management for organizations of various sizes.

FourKites announced the appointment of Rocky Subramanian as President, effective immediately. Subramanian, a veteran leader from Ceridian, SAP, and Oracle, will drive customer growth and digital supply chain transformation. CEO Mathew Elenjickal highlighted Subramanian's track record in scaling revenue organizations and championing diversity. Under his leadership, Ceridian saw revenues exceed $1.2B and SAP's unit grew to $1.8B. FourKites has achieved 70% growth in new customers in 2022, with over 1,200 brands, including 50% of the Fortune 500, now using its services.

Ceridian (NYSE: CDAY) has reported significant growth for its Dayforce Wallet, an on-demand pay solution, with over $1 billion in earned wages distributed since its launch in 2020. The service has attracted more than 1,450 customers across the US, Canada, and the UK, enhancing employee financial wellness. A recent survey shows that 63% of users feel positively about their employer due to this benefit, and 70% report improved mental health. This product supports employee retention, particularly among younger workers, and is recognized for delivering flexibility amid economic pressures.

Ceridian (NYSE: CDAY) has announced that Center Parcs UK & Ireland has selected Dayforce for workforce optimization, enhancing employee engagement, and ensuring regulatory compliance. With over 10,000 employees, Center Parcs aims to streamline its HR operations and eliminate paper-based processes. The Dayforce platform offers real-time data insights along with mobile capabilities for better work-life management. This collaboration reflects Ceridian's momentum in the EMEA region as more organizations adopt Dayforce to meet their workforce needs. The partnership signifies a potential boost in Ceridian's growth trajectory in the human capital management sector.

Ceridian has strengthened its presence in Australia by partnering with Orica Ltd., a global leader in mining and infrastructure solutions, to implement the Dayforce platform across 47 countries. This decision was made to enhance workforce engagement, payroll optimization, and regulatory compliance amidst Orica’s significant global growth and acquisitions.

With over 12,500 employees, Orica aims to unify its operations through Dayforce's integrated cloud HCM solution, ensuring accurate payroll processing while maintaining compliance. The partnership with Deloitte and Think Best Practice will support the successful implementation of this project.

Ceridian has appointed Steve Holdridge as President, Customer and Revenue Operations, consolidating revenue and customer functions globally to foster growth. This strategic move aligns with Ceridian's goal of achieving $2 billion in revenue by 2025. Holdridge, who has over 30 years of experience in driving sales and customer success, joined Ceridian in 2020. His leadership aims to enhance the value delivered through the Dayforce platform, especially as organizations seek efficient growth. This restructuring reflects Ceridian's commitment to improving customer experience while broadening its global reach.

Ceridian HCM Holding reported strong financial results for Q4 and FY 2022, highlighting a 19.1% growth in total revenue to $336.1 million and a 31.7% increase in Dayforce recurring revenue. The company's annualized recurring revenue (ARR) reached $1,041.3 million, up 33.5% year-over-year. Despite a net loss of $5.2 million, adjusted EBITDA rose to $67.7 million, reflecting operational improvements. The company anticipates continued growth in 2023, projecting total revenue between $1.480 billion and $1.500 billion. The annual Dayforce gross revenue retention rate stood at 97.1%.

Ceridian HCM Holding Inc. (NYSE:CDAY) announced it will release its fourth quarter and full-year 2022 financial results on February 8, 2023, after market close. A live webcast to discuss these results will occur at 5:00 p.m. ET on the same day. The webcast can be accessed through the Ceridian Investor Relations website. Ceridian offers a comprehensive human capital management solution via its Dayforce platform, which supports various HR functions including payroll and talent management, aimed at improving workforce management.