CDK Global (CDK) Tops Q4 EPS by 17c

CDK Global (NASDAQ: CDK) reported Q4 EPS of $0.67, $0.17 better than the analyst estimate of $0.50. Revenue for the quarter came in at $449.6 million versus the consensus estimate of $424.4 million.

“We exceeded our expectations during the quarter, even given the challenges that faced the industry and the support we gave our customers, highlighting the strength and resilience of our business model," said Brian Krzanich, CDK chief executive officer. "CDK is leading the digital transformation that was accelerated within the industry by the COVID-19 pandemic and we continued to bring integrated and accurate digital solutions to our dealers.”

“We delivered $450 million in revenue for the quarter, with about 82% from subscription-based recurring revenue. Our annual results came in at the high end or exceeded our guidance,” said Joe Tautges, CDK chief financial officer. “We came through the quarter in a much better position than expected and our underlying business remains strong. Our investment strategy continues to provide the solutions and capabilities necessary to deliver solid revenue growth.”

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

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