CDK Global (CDK) Reports In-Line Q2 EPS

CDK Global (NASDAQ: CDK) reported Q2 EPS of $0.80, in-line with the analyst estimate of $0.80. Revenue for the quarter came in at $499.6 million versus the consensus estimate of $493.01 million.

"We delivered another great quarter, continuing our focus on being customer-centric and accelerating our innovation. I am very pleased with the progress our foundational strategy is making to build our strong subscription-based software business," said Brian Krzanich, president and chief executive officer. "As a result, we have reached a record site count for North America.”

“Quarterly company revenues were up 4 percent year-over-year, driven by growth in both our North America and International segments,” according to Joseph Tautges, executive vice president and chief financial officer. “The successful execution of our many initiatives is driving our strong results and our investments are improving the fundamental health of the business, creating long-term value."

GUIDANCE:

CDK Global sees FY2020 EPS of $3.30-$3.50, versus the consensus of $3.41. CDK Global sees FY2020 revenue of $2-2.05 million, versus the consensus of $2.02 million.

For earnings history and earnings-related data on CDK Global (CDK) click here.

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