TriNet Group (NYSE: TNET) reported Q1 EPS of $0.98, $0.11 better than the analyst estimate of $0.87. Revenue for the quarter came in at $934 million versus the consensus estimate of $233.67 million.

Total revenues increased 9% to $934 million and Net Service Revenues increased 14% to $251 million, each as compared to the same period last year.
Net income was $63 million, or $0.89 per diluted share, compared to net income of $54 million, or $0.75 per diluted share, in the same period last year.
Adjusted Net Income was $69 million, or $0.98 per diluted share, compared to Adjusted Net Income of $58 million, or $0.80 per diluted share, in the same period last year.
Adjusted EBITDA was $108 million, a 18% increase from the same period last year.
Total WSEs remained flat compared to the same period last year, at approximately 317,000.
Average WSEs decreased 1% as compared to the same period last year, at approximately 313,000.

"We delivered strong financial results during the first quarter as we benefited from the strategic investments we've made in our platform, people and processes over the past year," said Burton M. Goldfield, TriNet's President and CEO. "Our sales team successfully introduced our unique value proposition to a diverse group of new clients, and we saw early benefits to retention as a result of our process improvement initiatives. By leveraging our scale to deliver a level of HR typically only available to large enterprises, we are empowering small and medium size companies to focus on growing their businesses, attracting and retaining talent in a tight labor market, while we deliver profitable returns for our shareholders."

For earnings history and earnings-related data on TriNet Group (TNET) click here.