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, Inc. (symbol: DAY) is a renowned provider of payroll and human capital management (HCM) solutions, catering to clients with employee numbers ranging from 100 to 100,000. Since its 2012 acquisition, Dayforce has transitioned from its legacy on-premises Bureau business to becoming a prominent cloud-based HCM provider.
As of fiscal year 2022, approximately 80% of Dayforce's revenue is derived from its flagship platform, Dayforce, which is tailored towards enterprise clients. The remaining revenue is nearly evenly split between the cloud platform Powerpay, which targets small businesses in Canada, and the legacy Bureau products.
Dayforce’s platform integrates critical workforce management functionalities such as HR, payroll, talent, workforce management, and benefits. This single, global people platform is designed to unlock the full potential of an organization's workforce, enabling seamless and efficient operations. With a commitment to innovation, Dayforce continuously upgrades its technology to meet the needs of today's increasingly digital and borderless workforce.
Recent achievements include the expansion of their services into the Asia Pacific and Japan region, notably Singapore, enhancing their ability to serve customers with regional and global needs. Dayforce is recognized for its commitment to compliance and local statutory requirements, offering a tailored user experience that simplifies payroll management across multiple countries.
The company's financial condition remains robust, with a steady revenue stream from recurring cloud services. Dayforce's latest financial highlights for the full year 2023 show significant growth, with detailed breakdowns in professional services, cloud recurring revenues, and other operating metrics. The company employs non-GAAP financial measures to provide a clearer picture of its financial performance, including adjusted EBITDA and net profit margins.
Dayforce continues to explore strategic partnerships and invest in AI-driven innovations to enhance their service offerings. The company's dedication to improving the work-life experience for employees is evident in their annual Pulse of Talent report, which underscores the importance of empathy and technology in the workplace.
Forward-Looking Statements: Dayforce's forward-looking strategies focus on maintaining competitive advantage through technological advancements and geographic expansion. The company’s continuous efforts in investing in cloud technology and compliance solutions demonstrate their commitment to sustaining growth and delivering value to shareholders.
For more information about Dayforce and its suite of HCM solutions, visit dayforce.com.
Dayforce has appointed Nicole Bello as Group Vice President of EMEA, effective immediately. Bello will lead the sales efforts in Europe, the Middle East, and Africa, focusing on expanding and accelerating the use of the Dayforce platform in the region. Bello reports to Sam Alkharrat, EVP and Chief Revenue Officer. With over 20 years of experience at ADP and UKG, Bello is expected to bring valuable expertise in workforce transformations, sales, marketing, and talent development. The appointment aims to enhance Dayforce’s momentum and support its growth in the EMEA region.
Dayforce (NYSE: DAY; TSX: DAY) has launched its Dayforce Payroll solution in Singapore, marking a significant expansion in the Asia-Pacific region. This development aims to streamline payroll processes, enhance efficiency, and ensure compliance with local regulations. Dayforce's platform integrates HR, pay, time, talent, and analytics, supporting over 25 languages. The launch is a strategic move to solidify Dayforce's market leadership in a region known for digital innovation. With over 20 years of payroll experience in Asia, the company offers solutions that reduce risks and costs associated with payroll management, benefiting industries such as manufacturing, retail, and professional services.
Dayforce has launched Dayforce Flex Work in the United States, a marketplace for organizations to augment their workforce with flexible, vetted W-2 talent. Flex Work helps companies address fluctuating labor demands by offering a seamless platform to post open shifts and hire skilled workers quickly. It manages background checks, onboarding, and payroll, reducing administrative burdens. This solution aims to democratize the gig economy, particularly benefiting sectors like retail, hospitality, and manufacturing. Flex Work allows workers to find shifts, build schedules, and get paid the same day via Dayforce Wallet.
Dayforce, Inc. has launched Dayforce Partner Exchange, an ecosystem of software and services partners to enhance Dayforce solutions. This curated marketplace aims to help customers accelerate HR innovation and drive business value. By providing access to vetted system integrators and technology providers, Dayforce Partner Exchange offers a streamlined approach for customers to find approved partner solutions and efficiently meet their unique business needs. This initiative is part of the broader Dayforce Exchange, offering various exchanges tailored to different customer requirements.
Dayforce, Inc. reported strong Q1 2024 financial results with recurring revenue up 24.3% to $337.2 million, total revenue up 16.4% to $431.5 million, and operating profit at $40.7 million. The company exceeded guidance across all key metrics, reflecting growth in sales, product, and operations. Dayforce also raised its guidance for the year.
Dayforce, Inc. appoints Amy Cappellanti-Wolf as EVP and Chief People Officer to lead the company's people strategy and operations in its growth phase. Cappellanti-Wolf, with a strong background in technology, will focus on global business growth through talent development, workforce engagement, and operational efficiencies.
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