Ceridian HCM Holding Inc.
CEO : Mr. David D. Ossip
Quarterly earnings growth(YoY,%)
| Period | Revenue | Operating Income | EPS | Release Date |
|---|---|---|---|---|
| 2023 Q2 | 21.5% YoY | -339.0% | -115.4% | 2023-08-02 |
Leagh Turner says,
Dayforce Platform Momentum
- Dayforce platform experiencing strong momentum across the business
- Three intersecting opportunities driving growth and innovation:
- Complex macro environment: helping customers identify productivity and efficiency opportunities
- Need for a more connected workforce: Dayforce as a single global full-suite people platform
- Era of AI and workforce transformation: trusted to drive AI-powered workforce transformation
- Quarterly Performance:
- Nearly 6,300 customers on Dayforce platform
- 50% of new sales are full suite, bringing full suite customer base to 40%
- Add-on sales back to base represent approximately 30% of total sales year-to-date
Leadership and Talent
- Steve Holdridge leading revenue and customer experience organizations, showing results and efficiencies
- Appointment of Sam Alkharrat as Chief Revenue Officer, bringing global SaaS leadership experience
Notable Customer Wins and Go-Lives
- New customer wins:
- European aviation services company with 55,000 employees
- Leading professional services company with 33,000 employees
- U.S. consumer goods manufacturer with 35,000 employees globally
- Leading global jewelry company with 30,500 employees
- Organizations taken live:
- Multinational DAX 30 chemical and consumer goods company with 60,000 employees
- Leading global pet care conglomerate with 30,000 employees
- Luxury automotive manufacturer piloting Dayforce HR and workforce management
Partner Ecosystem
- Evolution of Ceridian partner network to drive continuous value
- Growth of Dayforce offerings with partners like Deloitte Australia, PwC UK, RSM, and Ernst & Young
Product Innovations
- Advances in experiences, openness, compliance, and intelligence
- Differentiated experience hub available globally and enhanced people search capabilities
- Market-leading compliance features like Flex Time pay and shift bidding
- Dayforce Integration Studio for creating connected systems with partners
- Launch of predictive tools powered by AI, including Dayforce Career Explorer and burnout dashboard
AI Integration
- Progress in integrating AI across the business
- Focus on AI-enabled workplace use cases and AI literacy for all employees
- AI innovation driven by product roadmap and company-wide initiatives
Market Differentiation and Recognition
- Ceridian recognized as a top 100 most loved workplace by Newsweek
- Employee passion for customer success and commitment to ESG and communities
- Global volunteer month and recognition as one of USA TODAY’s Americas climate leaders
- AA ESG rating and leader placement from MSCI for the second year in a row
Closing Remarks
- Continued progress and readiness to be the go-to partner for HR organizations
- Positive feedback from customers about Ceridian’s modern HR technology
- Expressing gratitude for Noemie’s leadership and wishing her the best
Leagh Turner says,
Strong Sales Ecosystem Growth
- 76% increase in the number of consultants trained on CDAY in Q1 2023
- Continued maturity of the sales ecosystem
- Positive impact on revenue through partnerships with SIs, influence partners, and third-party revenue partners
Favorable Macroeconomic Environment
- Customers seek efficiency during tricky macroeconomic conditions, driving growth for CDAY
HR Technology and Future of Work
- Ongoing debate and uncertainty around the future of work
- CDAY’s HR technology addresses the need for collaboration, alignment, and efficiency in the evolving work landscape
AI and Work Transformation
- CDAY helps customers navigate the changes brought by AI in the workplace
- Opportunity to provide solutions to address work displacement and leverage emerging trends
Positive Long-Term Outlook
- Expectation of sustained tailwinds for CDAY over a protracted period of time
Q & A sessions,
Impact of Partner Ecosystem
- Partner ecosystem has significantly progressed over the past 3 years.
- About 2/3 of sales wins have been influenced by partners, covering various segments.
- The pipeline is expected to increase due to the network effect.
- Partners are building value-added services around Dayforce, creating long-term business opportunities.
- Mega deals with partners in the large enterprise space are occurring more frequently and being implemented smoothly.
No bad stock 