Ceridian Hcm ( (DAY) ) has released its Q4 earnings. Here is a breakdown of the information Ceridian Hcm presented to its investors.
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Dayforce, Inc., a leading player in the human capital management (HCM) technology sector, offers an integrated platform for HR, pay, time, talent, and analytics to optimize workforce management for businesses across the globe.
The company recently reported its fourth quarter and full year 2024 financial results, showcasing significant growth and strong performance metrics. Highlighted by a 19% year-over-year increase in recurring revenue during Q4, Dayforce experienced its most successful sales quarter ever, buoyed by robust new business and add-on sales.
Key financial metrics reveal a total revenue increase of 16% in Q4 2024 compared to the previous year, reaching $465.2 million. Full-year revenue was reported at $1.76 billion, marking a 16.3% rise from 2023. The company’s adjusted EBITDA also saw a notable increase, with a margin of 27.8% for Q4 and 28.5% for the full year, reflecting operational efficiency. Moreover, the annual gross revenue retention rate remained high at 98%, underscoring strong customer loyalty.
In strategic developments, Dayforce expanded its global footprint with new customer acquisitions and partnerships across various industries, including retail, manufacturing, and aviation. The launch of the Dayforce Partner Network and enhancements to their product offerings, such as AI-driven tools and compliance updates, further solidify its leadership in the HCM space.
Looking ahead, Dayforce management expresses confidence in continued growth for 2025, backed by a strong sales pipeline and ongoing innovation. The company aims to enhance profitability while maintaining its focus on cash generation and customer success, as reflected in its optimistic financial guidance for the coming year.
