Ceridian HCM Sees Q3 Revenue $368M-$371M Vs $370.26M Est.; FY23 Revenue $1.49B-$1.51B Vs $1.49B Est.
Portfolio Pulse from Happy Mohamed
Ceridian HCM has issued its Q3 and FY23 revenue guidance. For Q3, it expects total revenue of $368M-$371M, a 17%-18% increase on a GAAP and constant currency basis. For FY23, it anticipates total revenue of $1.49B-$1.51B, a 20%-21% increase on a GAAP and constant currency basis. The company's Dayforce recurring revenue and tax migration from legacy infrastructure are expected to contribute significantly to this growth.
August 04, 2023 | 12:17 pm
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Ceridian HCM's Q3 and FY23 revenue guidance indicates expected growth, which could positively impact its stock price in the short term.
Ceridian HCM's revenue guidance for Q3 and FY23 indicates expected growth, which is typically a positive signal for investors. This could lead to increased demand for the company's stock, potentially driving its price up in the short term.
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