TriNet Group (TNET) Reports In-Line Q4 EPS; to Delay 10-K, Increases Buyback

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Go back to TriNet Group (TNET) Reports In-Line Q4 EPS; to Delay 10-K, Increases Buyback

TriNet Announces Fourth Quarter, Fiscal Year 2015 Results & $50 Million Increase to Stock Repurchase Program

February 29, 2016 4:15 PM EST

SAN LEANDRO, Calif., Feb. 29, 2016 /PRNewswire/ -- TriNet Group, Inc. (NYSE: TNET), a leading provider of a comprehensive human resources solution for small to midsize businesses, today announced financial results for the fourth quarter and year ended December 31, 2015.

Fourth quarter highlights include:

Total revenues increased 20% to $725.7 million and Net Service Revenues increased 17% to $149.0 million, each as compared to the same period last year. Total WSEs at December 31, 2015 increased 13% from December 31, 2014, to approximately 324,000. Net income was $14.1 million, or $0.20 per diluted... More