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 (NYSE: CDAY) announced that Caleres (NYSE: CAL) is implementing Dayforce Wallet to provide on-demand pay for over 9,000 employees across the U.S. and Canada.
This rollout aims to enhance employee experience and pay accuracy, leveraging Caleres' existing Dayforce Payroll system. Initial results show over 25% of eligible employees registered, with $3.2M in wages accessed on-demand within six months. The solution is designed to aid in recruitment and retention, addressing the competitive retail landscape.
Ceridian HCM Holding (NYSE:CDAY) announced it will release its Q3 2022 financial results on November 2, 2022, after market close. A live webcast will be hosted at 5:00 p.m. ET on the same day to discuss these results. Additionally, management will present at the Credit Suisse Global Technology Conference on November 29, 2022, in Scottsdale, Arizona. Ceridian's Dayforce platform is a key offering, providing comprehensive human capital management solutions to optimize the employee lifecycle.
Ceridian HCM Holding Inc. (CDAY) reported a strong second quarter for 2022 with revenue of $301.2 million, up 20.3% year-over-year. Dayforce recurring revenue grew 29.0%, totaling $194.3 million. The cloud recurring gross margin rose to 72.2%. Adjusted EBITDA reached $61.8 million, substantially higher than last year. Despite a net loss of $19.8 million, adjusted net income improved to $33.0 million. The company anticipates continued growth with third-quarter guidance indicating Dayforce recurring revenue between $188 million and $190 million, marking a significant increase.
Ceridian (NYSE: CDAY) announced its upcoming presentations at investor conferences, featuring David Ossip, Chair and Co-CEO. Key events include the BMO Virtual "Spotlight Series" on August 10, 2022, and the Citi Global Technology Conference on September 7, 2022, in New York City. The presentations will be available via live webcast on the Ceridian Investor Relations website, with management available for one-on-one meetings. Ceridian is a leader in human capital management technology, offering comprehensive solutions through its Dayforce platform.
Ceridian (NYSE: CDAY) is set to release its second quarter 2022 earnings on August 3, 2022, following the close of regular market trading. The earnings report will be accompanied by a live webcast at 5:00 p.m. Eastern Time, accessible via the company's investor relations website. Ceridian specializes in human capital management (HCM) software, with its flagship product, Dayforce, offering comprehensive HR solutions including payroll, benefits, and workforce management. A replay of the event will be available post-webcast.
Ceridian HCM Holding reported Q1 2022 results, showcasing strong financial performance. Total revenue reached $293.3 million, up 25% year-over-year, exceeding guidance. Dayforce recurring revenue grew 31% year-over-year, amounting to $180.3 million. Adjusted EBITDA also surpassed expectations at $57.4 million. Despite a net loss of ($27.4 million), adjusted diluted net income per share was $0.13. The company’s cash reserves stood at $354.8 million with total debt of $1,240.5 million. Guidance for Q2 anticipates 27% to 29% growth in Dayforce recurring revenue, indicating continued demand.
Ceridian HCM Holding Inc. (NYSE:CDAY) announced its first quarter 2022 earnings release will occur post-market on May 4, 2022. A live webcast will follow at 5:00 p.m. ET, accessible via their Investor Relations site. Additionally, Ceridian will participate in key investor conferences, including the J.P. Morgan Global Technology Conference on May 23, the Jefferies Software Conference on June 1, and the Baird Conference on June 6. Management will also hold one-on-one meetings with investors during these events.
Ceridian (NYSE: CDAY) announced the appointments of Chris Armstrong as Executive Vice President and Chief Operating Officer and Steve Holdridge as Executive Vice President and Chief Customer Officer. Armstrong will lead global operations to drive scale, efficiency, and growth, while Holdridge will oversee the Global Customer Office to enhance customer value. Both executives will report to Co-CEO Leagh Turner. The leadership changes aim to leverage their extensive industry experience to facilitate Ceridian's growth and improve customer relations.
Ceridian (NYSE: CDAY) announced the launch of Dayforce Wallet Rewards, a new cash back rewards program for its Dayforce Wallet users. This innovative program allows employees to earn cash back automatically when shopping at thousands of retail stores using the Dayforce Prepaid Mastercard.
Developed in partnership with Cardlytics, the rewards program aims to enhance employee financial well-being. Dayforce Wallet Rewards will be available to all U.S. users in the coming weeks, reflecting Ceridian's commitment to delivering value and supporting employee financial health.
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