NYSE$DAY
Dayforce Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Ceridian's first quarter results showcased strong revenue growth and exceeded expectations.
Ceridian reported a strong start to the year with Dayforce recurring revenue excluding float up 31% year-over-year and Adjusted EBITDA exceeding the high end of guidance. Total revenue increased by 25.1% to $293.3 million.
- Total revenue increased by 25.1% year-over-year to $293.3 million.
- Dayforce recurring revenue, excluding float, grew by 31% year-over-year.
- Adjusted EBITDA reached $57.4 million, surpassing the high end of guidance.
- 5,609 Dayforce customers were live on the platform, an increase of 11%.
Headline financials
Revenue & EPS history
Dayforce · Revenue · Quarterly
$293M
Revenue by segment
Dayforce · $293M total across 4 segments · Q1 2022
- Dayforce recurring$189M+29.8%64.3%
- Professional services$45.4M+17.9%15.5%
- Other recurring$37.7M+24.0%12.9%
- Powerpay recurring$21.6M+6.4%7.4%
Forward guidance
Ceridian is issuing guidance for the second quarter and full year of 2022. Second Quarter 2022 Guidance includes Dayforce recurring revenue, excluding float revenue, of $182 million to $184 million, Cloud revenue of $258 million to $260 million, and Total revenue of $293 million to $296 million. Full Year 2022 Guidance indicate Dayforce recurring revenue, excluding float revenue of $751 million to $762 million, Cloud revenue of $1,067 million to $1,083 million, and Total revenue of $1,208 million to $1,230 million.
Tailwinds
- Dayforce recurring revenue, excluding float revenue, of $182 million to $184 million, or an increase of 27% to 29% on a GAAP basis and 28% to 29% on a constant currency basis.
- Cloud revenue of $258 million to $260 million, or an increase of 23% to 24% on a GAAP basis and 24% to 25% on a constant currency basis.
- Total revenue of $293 million to $296 million, or an increase of 17% to 18% on a GAAP basis and 18% to 19% on a constant currency basis.
- Float revenue of $13 million, an increase of 25% on a GAAP and constant currency basis.
- Adjusted EBITDA of $45 million to $47 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports · overlaid with Q1 2022
-1.1%
Avg return
Earnings day
-0.3%
Avg return
5 days after
+0.4%
Avg return
30 days after
42%
14 / 33 earnings
Positive
+17.4%
Q2 2022
Best reaction
-15.4%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | — | — | — | |
| Q3 2025 | +0.0% | +0.2% | +1.1% | |
| Q2 2025 | +0.5% | -6.0% | +29.9% | |
| Q1 2025 | -5.9% | +2.7% | +4.1% | |
| Q4 2024 | -8.0% | -8.4% | -22.8% | |
| Q3 2024 | +8.9% | +15.6% | +22.4% | |
| Q2 2024 | +5.4% | -1.4% | +6.4% | |
| Q1 2024 | -5.9% | -5.3% | -19.4% | |
| Q4 2023 | -1.8% | +2.1% | -6.2% | |
| Q3 2023 | +4.8% | +2.0% | +7.7% | |
| Q2 2023 | +1.5% | +4.0% | +3.7% | |
| Q1 2023 | -9.9% | -7.6% | +2.3% | |
| Q4 2022 | +3.6% | +3.4% | -9.5% | |
| Q3 2022 | -3.1% | -12.3% | +6.4% | |
| Q2 2022 | +17.4% | +19.3% | +5.0% | |
| Q1 2022 | -1.2% | -4.0% | -3.6% | |
| Q4 2021 | -0.6% | -9.5% | -20.6% | |
| Q3 2021 | -6.7% | — | — | |
| Q2 2021 | +1.2% | — | — | |
| Q1 2021 | -1.1% | — | — | |
| Q4 2020 | -10.8% | — | — | |
| Q3 2020 | +2.3% | — | — | |
| Q2 2020 | -9.6% | — | — | |
| Q1 2020 | +7.4% | — | — | |
| Q4 2019 | -15.4% | — | — | |
| Q3 2019 | +9.6% | — | — | |
| Q2 2019 | +2.3% | — | — | |
| Q1 2019 | -6.9% | — | — | |
| Q4 2018 | -0.3% | — | — | |
| Q3 2018 | +0.2% | — | — | |
| Q3 2017 | +0.2% | — | — | |
| Q2 2018 | -10.0% | — | — | |
| Q4 2017 | -1.1% | — | — | |
| Q1 2018 | -3.4% | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro