Dayforce Inc. - CDAY STOCK NEWS

Ceridian (NYSE: CDAY) has appointed Leagh Turner as Co-CEO and member of the Board of Directors, effective immediately. Turner, previously President and COO since 2018, will drive end-to-end operations and execution. David Ossip, Chair and Co-CEO, will focus on innovation and product development, notably expanding the Dayforce Wallet. This dual leadership structure formalizes their collaboration over the past three years and aims to position Ceridian for future growth in the evolving workforce landscape.

Ceridian (NYSE:CDAY) has announced the release of its fourth quarter and full-year 2021 earnings after market close on February 9, 2022. A live webcast will follow at 5:00 PM Eastern Time to discuss the financial results. Investors can access the event through the provided registration link or the Ceridian Investor Relations website. Ceridian is a leader in human capital management technology, offering its Dayforce cloud platform to optimize employee lifecycle management for organizations of all sizes.

Ceridian (NYSE: CDAY) has announced the acquisition of ADAM HCM, a prominent payroll and human capital management company serving 33 countries across Latin America and the Caribbean. This strategic move positions Ceridian as a leading provider in the region, particularly in Mexico and Brazil. The acquisition enhances Ceridian's global growth strategy by extending its Dayforce platform into Latin America, meeting rising customer demand and improving payroll services. The deal aims to deliver innovation and improve employee experiences.

Ceridian HCM Holding Inc. (NYSE:CDAY) announced its participation in the Cannae Portfolio Conference on December 8, 2021, at 8:50 a.m. PST in Las Vegas. Chairman and CEO David Ossip will present at the conference. A live webcast and a replay will be available on the Ceridian Investor Relations website. This event allows for one-on-one and small group meetings with management and investors, highlighting Ceridian’s commitment to engaging with its shareholders. Ceridian is known for its Dayforce platform, a comprehensive human capital management solution.

Ceridian (CDAY) released its annual Pulse of Talent report, revealing that 87% of U.S. workers have experienced burnout, with 44% indicating high or extreme levels. The study, conducted by Hanover Research, surveyed 1,404 workers and found that 24% are actively seeking new jobs, while another 36% would consider leaving for better opportunities. Key burnout factors include increased workloads and insufficient compensation. With changing employee expectations, companies must adapt to enhance employee experience and retain talent effectively.

Ceridian (NYSE: CDAY) has announced the acquisition of substantially all assets of DataFuZion HCM, Inc., a company specializing in HCM technology. This acquisition enhances Ceridian's capabilities in managing complex payroll requirements, particularly in sectors like construction and government contracting. The acquired technology will provide advanced features such as certified payroll reporting and prevailing wage rate calculations, aligning with Ceridian's strategy to strengthen its position in priority verticals and improve customer value.

Ceridian HCM Holding Inc. (CDAY) reported robust third-quarter results, surpassing guidance in key financial metrics. Total revenue reached $257.2 million, a 25.8% increase year-over-year. Dayforce recurring revenue grew by 33%, amounting to $160.3 million. Adjusted EBITDA also improved to $39.4 million. Despite these gains, the company reported a net loss of $20.9 million, a stark contrast to the previous year's loss of only $0.8 million. Following these results, Ceridian revised its full-year guidance for Dayforce recurring revenue to a range of $596 million to $598 million, indicating continued growth.

Ceridian (NYSE: CDAY) is set to host its Ceridian World Tour in New York on November 10-11, 2021, inviting key customers and industry leaders to discuss trends shaping the modern workplace.

Featured speakers include executives from Henkel, Danone, and Aaron’s, along with a keynote by Cynthia Marshall, CEO of the Dallas Mavericks. The event will also host an investor-focused live webcast on November 11 at 3:30 PM ET, accessible via Ceridian’s Investor Relations website.

Ceridian has been named a Leader in the 2021 Gartner Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises, marking its second consecutive year in this position. The recognition highlights Ceridian’s Ability to Execute and Completeness of Vision through its Dayforce platform, which facilitates compliance, workforce intelligence, and employee empowerment. Additionally, Ceridian was recognized as a Customers' Choice in North America by Gartner Peer Insights.