NYSE$DAY
Dayforce Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Ceridian's Q2 2022 financial results were announced, demonstrating growth in Dayforce recurring revenue and expansion of cloud recurring gross margin.
Ceridian reported a 20.3% increase in total revenue, reaching $301.2 million. Dayforce recurring revenue increased by 29.0% to $194.3 million. The company's cloud recurring gross margin was 72.2%, and adjusted net income was $33.0 million, or $0.21 per share.
- Total revenue increased by 20.3% year-over-year, reaching $301.2 million.
- Dayforce recurring revenue grew by 29.0% year-over-year, amounting to $194.3 million.
- Cloud revenue increased by 25.5% year-over-year, totaling $262.9 million.
- Adjusted net income was $33.0 million, or $0.21 per share.
Headline financials
Revenue & EPS history
Dayforce · Revenue · Quarterly
$301M
Revenue by segment
Dayforce · $301M total across 4 segments · Q2 2022
- Dayforce recurring$194M+29.0%64.5%
- Professional services$50.1M+18.4%16.6%
- Other recurring$34.5M-6.8%11.5%
- Powerpay recurring$22.3M+8.8%7.4%
Forward guidance
Ceridian provided guidance for the third quarter of 2022 and updated its full-year 2022 outlook. The outlook reflects a revised average U.S. dollar to Canadian dollar foreign exchange rate of $1.29. Dayforce recurring revenue, cloud revenue, total revenue and Adjusted EBITDA are expected to increase.
Tailwinds
- Dayforce recurring revenue, excluding float revenue, of $188 million to $190 million or an increase of 23% to 24% on a GAAP basis, and 24% to 26% on a constant currency basis.
- Cloud revenue of $269 million to $272 million, or an increase of 22% to 24% on a GAAP basis and 24% to 26% on a constant currency basis.
- Total revenue of $304 million to $307 million, or an increase of 18% to 19% on a GAAP basis and 20% to 21% on a constant currency basis.
- Float revenue of $17.5 million, an increase of 77% on a GAAP basis, and 79% on a constant currency basis.
- Adjusted EBITDA of $48 million to $50 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 Q2 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 | — | — | — |
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