Form 8-K · Current Report · Filed 2024-10-30
Dayforce Reports Strong Q3 2024 Financial Results and Updates Business Outlook
Dayforce, Inc. reported its financial results for the third quarter of 2024, showing a 17% increase in total revenue to $440.0 million and a 19% growth in recurring revenue to $333.2 million. The company repurchased approximately $30 million worth of shares under its $500 million share repurchase program. Dayforce also provided guidance for the fourth quarter of 2024 and the full year of 2025, with total revenue expected to increase by 15% to 16% on a GAAP basis and adjusted EBITDA margin forecasted to be above 31%.
- Filer
- Dayforce Inc. DAY · NYSE
- Filed
- Accession
- 0000950170-24-118591
- CIK
- 0001725057
- Signal
- Low impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$91.04
Next session
+8.5%
Since filing
+4.7%
Latest close
$95.35
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Precedent
Previous filings from DAY reporting the same item, with the next session's move:
Exhibits (1)
About Dayforce Inc.
Dayforce Inc. is a leading provider of comprehensive human capital management (HCM) solutions, operating within the software and technology sector. The company primarily develops and markets the Dayforce HCM platform, which integrates various human resources functions such as payroll, benefits, workforce management, and talent management into a single, cloud-based system. This integration allows businesses to streamline their HR processes, improve efficiency, and enhance employee experience through advanced data analytics and real-time updates. Serving a wide array of industries, Dayforce Inc. plays a critical role in helping organizations manage and optimize their workforce operations effortlessly. Its innovative platform is utilized by companies seeking to modernize their human resource functionalities and gain insightful analytics for strategic decision-making. Dayforce's market significance is underscored by its ability to adapt to the evolving needs of businesses, underscoring the shift towards digital solutions in HR management.
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