Dayforce Inc

DAY

Equity

ISIN US15677J1088 / Valor 41112411

New York Stock Exchange, Inc (2024-11-21)

USD 78.70+3.68%

Dayforce Inc
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About company

Dayforce Inc., originally founded as Ceridian in 1992, has established itself as a significant player in the global human capital management (HCM) sector. With dual headquarters in Toronto, Ontario, and Minneapolis, Minnesota, Dayforce has expanded its operations worldwide, leveraging a globally dispersed workforce to offer localized services and solutions. The company underwent a pivotal transformation in 2012 when it acquired Dayforce, a cloud-based HCM solution, leading to the eventual rebranding of Ceridian to Dayforce. Under the leadership of Dayforce founder David Ossip, who became CEO following the acquisition, the company has focused on providing a comprehensive platform that integrates various aspects of human resources, payroll, benefits, workforce management, and talent management. Dayforce's platform is trusted by thousands of organizations globally, including notable brands such as Accenture, Harley Davidson, and Danone North America, serving as a testament to its widespread adoption and the effectiveness of its solutions in meeting the complex needs of modern businesses.

Summarized from source with an LLMView SourceSector: Technology

Total Revenue

Dayforce Inc. reported total revenue of $423.3 million for the second quarter of 2024, marking a 16% increase compared to the same period in the previous year. This growth highlights the company's expanding market presence and successful business strategies.

Recurring Revenue

Dayforce Inc.'s recurring revenue for the second quarter of 2024 reached $321.6 million, representing a 20% year-over-year increase. This significant rise underscores the strong demand for Dayforce's human capital management solutions.

Operating Profit

For the second quarter of 2024, Dayforce Inc. reported an operating profit of $14.1 million, a decrease from $29.4 million in the same quarter of the previous year. However, the adjusted operating profit was $94.9 million, up from $83.0 million, indicating improved operational efficiency.

Net Cash Provided by Operating Activities

Dayforce Inc. generated $108.3 million in net cash from operating activities for the first half of 2024, a 16% increase compared to $93.0 million for the same period in 2023. This growth reflects the company's strong cash flow management and operational performance.

Adjusted EBITDA

In the second quarter of 2024, Dayforce Inc. achieved an adjusted EBITDA of $116.3 million, up from $98.4 million in the same quarter of the previous year. This improvement demonstrates the company's ability to enhance its earnings before interest, taxes, depreciation, and amortization.

Summarized from source with an LLMView Source

Key figures

15.0%1Y

-31.5%3Y

36.7%5Y

Performance

36.1%1Y

43.8%3Y

46.7%5Y

Volatility