- Ceridian HCM press release ( NYSE: CDAY ): Q3 Non-GAAP EPS of $0.20 beats by $0.08 .
- Revenue of $315.6M (+22.7% Y/Y) beats by $10.04M .
- Shares +1.5% .
- Dayforce recurring revenue was $207.8 million, an increase of 29.6%, or 31.6% on a constant currency basis. Excluding float revenue, Dayforce recurring revenue was $191.0 million, an increase of 24.8%, or 26.7% on a constant currency basis.
- Cloud revenue, which includes both Dayforce and Powerpay revenue, was $276.9 million, an increase of 26.1%, or 28.4% on a constant currency basis. Excluding float revenue, Cloud revenue was $256.8 million, an increase of 22.1%, or 24.3% on a constant currency basis.
- Cloud recurring gross margin was 72.1%, compared to 72.7%. Adjusted cloud recurring gross margin was 74.8%, compared to 74.3%.
- 5,848 Dayforce customers were live on the Dayforce platform as of September 30, 2022, an increase of 120 customers since June 30, 2022 and 11.9% year-over-year.
- Dayforce recurring revenue per customer was $118,348 for the trailing twelve months ended September 30, 2022, an increase of 10.0%.
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Ceridian HCM Non-GAAP EPS of $0.20 beats by $0.08, revenue of $315.6M beats by $10.04M