UPDATE: Ceridian (CDAY) Misses Q4 EPS by 3c, Offers Guidance
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Ceridian Reports Fourth Quarter and Full Year 2019 Results
February 5, 2020 4:15 PM ESTFourth Quarter
Dayforce revenue of $158.7 million, up 35.4% year-over-year, and up 35.7% on a constant currency basis. Excluding float revenue, Dayforce revenue of $147.7 million, up 37.5% year-over-year, and up 38.0% on a constant currency basis. Dayforce recurring revenue of $114.3 million, up 30.2% year-over-year, and up 30.3% on a constant currency basis. Recurring services gross margin of 70.1%, an increase of 110 basis points year-over-year, driven by Cloud recurring services gross margin of 68.8%, an increase of 280 basis points year-over-year. Adjusted EBITDA of $44.4 million, up 6.2% year-over-year.Full Year
Dayforce revenue of $569.7 million, up... More