Welcome to our dedicated page for Dayforce news (Ticker: DAY), a resource for investors and traders seeking the latest updates and insights on Dayforce stock.
Dayforce delivers cloud-based human capital management solutions that transform payroll processing, workforce compliance, and HR operations for organizations worldwide. This news hub provides investors and professionals with centralized access to official updates, strategic developments, and operational milestones from the HCM technology leader.
Track Dayforce's latest earnings announcements, product enhancements, and partnership agreements alongside regulatory compliance updates critical for multinational operations. The curated collection includes press releases covering workforce management innovations, global expansion initiatives, and technology platform improvements that shape modern HR practices.
Key areas of focus include updates on Dayforce's single-platform architecture advancements, Powerpay solution developments for small businesses, and compliance tools addressing evolving labor regulations. Users gain insights into how the company maintains its position at the forefront of cloud HCM innovation while serving diverse organizational needs.
Bookmark this resource for streamlined monitoring of Dayforce's business trajectory. Combine regular reviews with SEC filings and earnings call transcripts for comprehensive analysis of the company's performance and strategic direction within the competitive HR technology landscape.
Dayforce (NYSE:DAY) reported strong Q4 and full year 2024 results, with total revenue reaching $465.2 million in Q4 (up 16.4% YoY) and $1,760.0 million for the full year (up 16.3% YoY). Dayforce recurring revenue grew 19.1% to $347.9 million in Q4.
Key highlights include a record-high annual Dayforce gross revenue retention rate of 98%, and 7.62 million global employees live on the Dayforce platform (up 11.4% YoY). The company achieved significant profitability improvements with Q4 Adjusted EBITDA of $129.2 million (27.8% margin) and full-year Adjusted EBITDA of $501.5 million (28.5% margin).
For 2025, Dayforce raised its Adjusted EBITDA guidance to 32% and projects total revenue of $1,745-1,760 million. The company secured notable customer wins, including a retail cooperative with 66,000 employees and expanded its global presence.
Dayforce (NYSE:DAY, TSX:DAY), a global human capital management (HCM) leader, has scheduled the release of its fourth quarter and full-year 2024 financial results before market opening on Wednesday, February 5, 2025. The company will host a live webcast and conference call at 8:00 a.m. Eastern Time on the same day to discuss the results.
Investors can access the webcast through Dayforce's Investor Relations section of their website. For those preferring telephone participation, the dial-in numbers are 877-497-9071 (USA) and 201-689-8727 (International). A replay of the webcast will be available afterward through the company's Investor Relations webpage.
Dayforce has announced two significant milestones for its on-demand pay solution. The Dayforce Wallet has surpassed $5 billion USD in delivered payments through on-demand pay, early direct deposit, and paycard services. Additionally, the company is introducing new direct to bank capabilities that will allow employees to route their pay to any personal bank account during a pay cycle.
The expansion comes as over 75% of American workers report living paycheck to paycheck. According to a recent SSRS Research Study, 80% of Dayforce Wallet users feel financially empowered through access to on-demand pay. The new direct to bank feature will be available to eligible U.S. employees in Q1 2025, offering options to route funds free to the Dayforce Wallet Mastercard® or instantly to personal bank accounts for a flat fee.
Dayforce has introduced Dayforce Communications, a new solution within their HCM platform designed to streamline communication across the employee lifecycle. This AI-enhanced offering will enable organizations to communicate with past, present, and future talent through a unified system, replacing multiple disparate communication tools.
The announcement, made at the Dayforce Discover conference in Las Vegas, addresses key challenges faced by HR teams, particularly in frontline industries where 23% of workers lack a central information hub. The solution will facilitate engagement-building communities, peer-to-peer chats, and multi-channel communications, aiming to reduce system costs and improve efficiency. Launch is scheduled for 2025.
Dayforce (NYSE: DAY; TSX: DAY) has announced Dayforce Strategic Workforce Planning, a new AI-enhanced solution integrated within their Dayforce platform. The solution aims to help organizations tackle complex workforce planning challenges through real-time, data-driven insights.
The platform offers centralized real-time data access, automation of manual tasks, enhanced user experience with conversational interface, and AI-enhanced predictions. Key features include analysis of worker skills supply and demand, absence trends, and labor demand forecasting, combining internal data with third-party sources for comprehensive workforce planning. The solution will be available to Dayforce customers in 2025.
Dayforce (NYSE: DAY; TSX: DAY) has announced Dayforce AI Agents, a new AI innovation designed to enhance workplace efficiency and productivity. The system will help automate daily tasks across HR, Pay, Time, Talent, and Analytics through a conversational AI interface within Dayforce Co-Pilot.
The AI Agents will assist with various functions including shift swapping, creating learning courses, and handling HR cases. The technology leverages natural language processing to understand employee intent and initiate appropriate actions.
The solution aims to simplify complex workflows, drive workforce productivity, and orchestrate intelligent agent flows while maintaining human oversight. The service will be available to select Dayforce customers in 2025.
Dayforce released its 15th Annual Pulse of Talent report, surveying 9,489 workers globally on organizational culture. While 84% of executives and 81% of HR leaders claim active engagement in improving culture, less than half of workers agree. The report introduced a Workplace Culture Index, revealing that 'Culture Promoters' were more satisfied with technology support (85% vs 39%), company benefits (82% vs 21%), and work flexibility compared to 'Culture Detractors'. The study found significant gaps between leadership and workforce perceptions of AI implementation. Notably, 69% of respondents would decline opportunities due to cultural misfit, rising to 75% for those under 35.
Dayforce announced significant enhancements to its partner ecosystem through an upgraded Dayforce Partner Network. The new program, launching in January 2025, introduces three interconnected pillars: Service Delivery Partners, Community Partners, and Technology & Innovation partners. The structure includes three tiers - Emerging, Growth, and Strategic - each offering progressive benefits.
The program aims to accelerate growth opportunities and innovation while focusing on six key areas, including customer success and technical competency. This evolution is designed to expand market reach, enhance expertise, and foster collaboration among partners, ultimately delivering better value to customers.
Dayforce reported strong Q3 2024 financial results with total revenue reaching $440.0 million, up 17% year-over-year. Dayforce recurring revenue grew 19% to $333.2 million. The company demonstrated robust cash flow performance with year-to-date net cash from operations up 54% to $200.1 million. The company had 6,730 customers live on the Dayforce platform, adding 384 customers year-over-year. Notable achievements include being named a Leader in the 2024 Gartner Magic Quadrant for Cloud HCM Suites and implementing several major customer rollouts. The company repurchased approximately $30 million in shares under its $500 million share repurchase program.
Dayforce (NYSE: DAY) has been named a Leader in the 2024 Gartner Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises for the fifth consecutive year. The company was recognized for its Ability to Execute and Completeness of Vision. Dayforce serves over 6,600 customers across North America, Europe, EMEA, and APJ regions, providing a single platform enhanced with AI innovation for HR, payroll, workforce management, talent, and analytics solutions. The platform aims to help organizations manage compliance, drive efficiencies, and operate with confidence through AI-assisted technology.
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