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Dayforce Inc - DAY STOCK NEWS

Welcome to our dedicated page for Dayforce news (Ticker: DAY), a resource for investors and traders seeking the latest updates and insights on Dayforce stock.

Dayforce, Inc. (symbol: DAY) is a renowned provider of payroll and human capital management (HCM) solutions, catering to clients with employee numbers ranging from 100 to 100,000. Since its 2012 acquisition, Dayforce has transitioned from its legacy on-premises Bureau business to becoming a prominent cloud-based HCM provider.

As of fiscal year 2022, approximately 80% of Dayforce's revenue is derived from its flagship platform, Dayforce, which is tailored towards enterprise clients. The remaining revenue is nearly evenly split between the cloud platform Powerpay, which targets small businesses in Canada, and the legacy Bureau products.

Dayforce’s platform integrates critical workforce management functionalities such as HR, payroll, talent, workforce management, and benefits. This single, global people platform is designed to unlock the full potential of an organization's workforce, enabling seamless and efficient operations. With a commitment to innovation, Dayforce continuously upgrades its technology to meet the needs of today's increasingly digital and borderless workforce.

Recent achievements include the expansion of their services into the Asia Pacific and Japan region, notably Singapore, enhancing their ability to serve customers with regional and global needs. Dayforce is recognized for its commitment to compliance and local statutory requirements, offering a tailored user experience that simplifies payroll management across multiple countries.

The company's financial condition remains robust, with a steady revenue stream from recurring cloud services. Dayforce's latest financial highlights for the full year 2023 show significant growth, with detailed breakdowns in professional services, cloud recurring revenues, and other operating metrics. The company employs non-GAAP financial measures to provide a clearer picture of its financial performance, including adjusted EBITDA and net profit margins.

Dayforce continues to explore strategic partnerships and invest in AI-driven innovations to enhance their service offerings. The company's dedication to improving the work-life experience for employees is evident in their annual Pulse of Talent report, which underscores the importance of empathy and technology in the workplace.

Forward-Looking Statements: Dayforce's forward-looking strategies focus on maintaining competitive advantage through technological advancements and geographic expansion. The company’s continuous efforts in investing in cloud technology and compliance solutions demonstrate their commitment to sustaining growth and delivering value to shareholders.

For more information about Dayforce and its suite of HCM solutions, visit dayforce.com.

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Dayforce, a global leader in human capital management (HCM), announced it will release its second quarter 2024 financial results on July 31, 2024, before market open. The company will host a live webcast at 8:00 a.m. ET to discuss the results, accessible via their Investor Relations website. Additionally, Dayforce will participate in several upcoming investor conferences. These include: the Citi Global TMT Conference in New York on September 4, 2024, with CFO Jeremy Johnson; the Goldman Sachs Communacopia & Technology Conference in San Francisco on September 9, 2024, where CEO David Ossip will present; and the Wolfe Research TMT Conference in San Francisco on September 10, 2024, with CFO Jeremy Johnson. The events will feature live webcasts and replays available on Dayforce’s Investor Relations website.

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Dayforce has released a report, 'Conquering the Frontline Manager Complexity Crisis,' highlighting a disconnect between executives and frontline employees. While 83% of executives believe they understand the challenges faced by frontline workers, only 62% of employees agree. The study, conducted by Hanover Research, surveyed 6,935 workers, managers, and executives.

The report identifies key areas for improvement: workforce planning, competitive pay, tackling labor shortages, compliance, and building culture and connection. Findings include that 89% of managers and 86% of workers would leave for better scheduling, and 72% of managers lack confidence in making compensation decisions. Additionally, 42% of managers find compliance increasingly difficult. The report suggests empowering managers with data and tools to address these challenges.

Dayforce emphasizes the need for executive support to align organizational goals and improve frontline worker experiences, potentially reducing turnover and enhancing performance.

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Dayforce, a leader in human capital management (HCM), announced that WHSmith has expanded its use of the Dayforce platform to include HR, Managed Pay, Advanced Scheduling, Performance Management, Succession Planning, and Analytics for its 10,000 UK employees. Initially adopting Dayforce for Time and Attendance in 2017, WHSmith will add Compensation, Recruiting, and Onboarding functions later this year. The integration aims to streamline people management and payroll systems across over 500 UK stores, improving data-driven decision-making, compliance, and employee experience. This move underscores Dayforce's capability to provide efficiency and accuracy at scale.

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Dayforce has appointed Nicole Bello as Group Vice President of EMEA, effective immediately. Bello will lead the sales efforts in Europe, the Middle East, and Africa, focusing on expanding and accelerating the use of the Dayforce platform in the region. Bello reports to Sam Alkharrat, EVP and Chief Revenue Officer. With over 20 years of experience at ADP and UKG, Bello is expected to bring valuable expertise in workforce transformations, sales, marketing, and talent development. The appointment aims to enhance Dayforce’s momentum and support its growth in the EMEA region.

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Dayforce (NYSE: DAY; TSX: DAY) has launched its Dayforce Payroll solution in Singapore, marking a significant expansion in the Asia-Pacific region. This development aims to streamline payroll processes, enhance efficiency, and ensure compliance with local regulations. Dayforce's platform integrates HR, pay, time, talent, and analytics, supporting over 25 languages. The launch is a strategic move to solidify Dayforce's market leadership in a region known for digital innovation. With over 20 years of payroll experience in Asia, the company offers solutions that reduce risks and costs associated with payroll management, benefiting industries such as manufacturing, retail, and professional services.

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Dayforce has launched Dayforce Flex Work in the United States, a marketplace for organizations to augment their workforce with flexible, vetted W-2 talent. Flex Work helps companies address fluctuating labor demands by offering a seamless platform to post open shifts and hire skilled workers quickly. It manages background checks, onboarding, and payroll, reducing administrative burdens. This solution aims to democratize the gig economy, particularly benefiting sectors like retail, hospitality, and manufacturing. Flex Work allows workers to find shifts, build schedules, and get paid the same day via Dayforce Wallet.

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Dayforce, Inc. has launched Dayforce Partner Exchange, an ecosystem of software and services partners to enhance Dayforce solutions. This curated marketplace aims to help customers accelerate HR innovation and drive business value. By providing access to vetted system integrators and technology providers, Dayforce Partner Exchange offers a streamlined approach for customers to find approved partner solutions and efficiently meet their unique business needs. This initiative is part of the broader Dayforce Exchange, offering various exchanges tailored to different customer requirements.

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Dayforce, Inc. reported strong Q1 2024 financial results with recurring revenue up 24.3% to $337.2 million, total revenue up 16.4% to $431.5 million, and operating profit at $40.7 million. The company exceeded guidance across all key metrics, reflecting growth in sales, product, and operations. Dayforce also raised its guidance for the year.

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Dayforce, Inc. appoints Amy Cappellanti-Wolf as EVP and Chief People Officer to lead the company's people strategy and operations in its growth phase. Cappellanti-Wolf, with a strong background in technology, will focus on global business growth through talent development, workforce engagement, and operational efficiencies.

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Dayforce, a global human capital management leader, has been named a Leader in the People Analytics Platform PEAK Matrix® Assessment 2024 by Everest Group. Leveraging advanced analytics, AI, and machine learning, Dayforce stands out for its unified data model, modern user experience, and data-driven approach to intelligence.
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FAQ

What does Dayforce, Inc. do?

Dayforce provides payroll and human capital management solutions, including HR, payroll, talent, workforce management, and benefits.

Who are Dayforce's primary clients?

Dayforce caters to clients with employee numbers ranging from 100 to 100,000, including enterprise and small business clients.

What is the main product of Dayforce?

The flagship product of Dayforce is its cloud-based Dayforce platform, which accounts for about 80% of the company's revenue.

What other products does Dayforce offer?

Besides the Dayforce platform, the company offers the Powerpay platform for small businesses in Canada and legacy Bureau products.

How has Dayforce expanded its services recently?

Dayforce has expanded into the Asia Pacific and Japan region, particularly in Singapore, enhancing their ability to support regional and global clients.

What financial measures does Dayforce employ?

Dayforce uses non-GAAP financial measures including adjusted EBITDA and net profit margins to provide a clearer picture of its financial performance.

How does Dayforce support compliance?

Dayforce offers tailored solutions that comply with local statutory requirements and simplify payroll management across multiple countries.

What are Dayforce's recent achievements?

Recent achievements include financial growth, expansion into new regions, and the continuous innovation of their cloud-based platforms.

How does Dayforce enhance employee experiences?

Dayforce focuses on improving work-life through technology and empathy, as highlighted in their annual Pulse of Talent report.

Where can I find more information about Dayforce?

More information about Dayforce and its HCM solutions can be found on their website at https://dayforce.com.

Dayforce Inc

NYSE:DAY

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DAY Stock Data

8.48B
157.90M
1.19%
112.13%
8.63%
Software - Application
Technology
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United States of America
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