NYSE$DAY

Dayforce Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Achieved strong financial performance, exceeding guidance across all metrics.

Ceridian reported a strong financial performance for Q2 2021, with results meaningfully above guidance across all metrics. Total revenue reached $250.4 million, a 30.0% increase year-over-year. Dayforce recurring revenue, excluding float revenue, increased by 29.9%.

  • Total revenue increased by 30.0% to $250.4 million.
  • Dayforce recurring revenue, excluding float revenue, grew by 29.9%.
  • Cloud revenue increased by 24.7% to $209.4 million.
  • 5,164 Dayforce customers were live on the Dayforce platform as of June 30, 2021, a net increase of 125 customers compared to March 31, 2021.

Headline financials

Total Revenue

$250M

Previous: $193M+30.0%
EPS (adj)

$0.06

Previous: $0.13-53.8%
Live Dayforce customers

5.2K

Previous: 4.6K+12.2%
Capital Expenditures

-$5.9M

Previous: -$9.9M+40.4%
Free Cash Flow

$17.2M

Previous: $14M+22.9%
Net Income

-$25.8M

Previous: $5.5M-569.1%
Operating Income

-$19.7M

Previous: $4M-592.5%
Gross Profit

$92.1M

Previous: $78.6M+17.2%
Cash & Equivalents

$335M

Previous: $986M-66.0%
Total Assets

$6.81B

Previous: $5.85B+16.3%
Stock-Based Comp

$31.4M

Previous: $15.3M+105.2%

Revenue & EPS history

Dayforce · Revenue · Quarterly

$250M

Q2 2021+30%vs Q2 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Dayforce · $250M total across 4 segments · Q2 2021

  • Dayforce recurring
    $151M+27.1%
  • Professional services
    $42.3M+26.3%
  • Other recurring
    $37M+51.6%
  • Powerpay recurring
    $20.5M+26.5%

Forward guidance

Ceridian has issued the following guidance for the remainder of fiscal year 2021:

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 15 quarterly earnings reports

Historical avg

-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

Earnings price reactions
QuarterReport dateReaction (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

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