Financial PerformanceReported 23% y/y growth in Dayforce recurring ex-float revenue topped our model by >1pt, with ongoing strength in average revenue per Dayforce customer, which increased >19% y/y.
Growth PotentialDayforce is positioned to deliver 20%+ sustainable recurring growth, driven by large go-lives, a robust pipeline coverage ratio, and broadening SI partnerships.
Product InnovationDayforce was positive on the early demand trends that it is seeing for its new AI solutions in its early access program.