Trinet Group Inc Stock Price, News & Analysis

Plate IQ has secured $160 million in Series B funding led by FTV Capital to enhance its AP automation solutions. Under new CEO Barrett Boston, the company aims to expand its VendorPay network across diverse industries. Since March 2020, Plate IQ has onboarded over 8,000 customers and processed more than $2 billion in payments. The platform, noted for its significant impact on the restaurant sector, processes over 50,000 invoices daily, emphasizing its growth potential in the evolving digital payments landscape.

TriNet, a key provider of HR solutions for small and medium-sized businesses, released its first Environmental, Social and Governance (ESG) report on November 3, 2021. This report highlights TriNet's commitment to transparency and sustainability, outlining initiatives such as reducing paper checks by 51%, promoting diversity and inclusion, implementing a Return to Office program, and enhancing data security. The company aims to share ESG progress annually, reinforcing its dedication to responsible corporate governance and stakeholder engagement.

TriNet Group, a provider of HR solutions, reported third quarter 2021 results with total revenues increasing by 18% to $1.1 billion. Professional service revenues rose 24% to $156 million, while net income reached $77 million ($1.16 per diluted share), significantly up from $33 million ($0.48 per diluted share) year-over-year. Total worksite employees grew 10% to approximately 351,000. The company issued guidance for fourth quarter and full-year 2021, forecasting revenue growth of 12%-14% and 11%-12% respectively.

TriNet (NYSE: TNET) is set to announce its third quarter 2021 financial results on October 25, 2021, after market hours. The subsequent conference call will occur at 2:00 p.m. PT (5:00 p.m. ET), where the company will discuss these results.

Participants can pre-register for immediate access through a unique PIN or join via a live dial-in. Investors can access the live webcast on the Investor Relations page of the TriNet website, with a replay offered for approximately one year.

TriNet announced the launch of its original series, SHEconomics, celebrating female entrepreneurs. The series premiered during the PeopleForce conference, held from September 13-16 in New York City, featuring renowned speakers discussing key business topics. Hosted by Emily Chang, the series aims to empower women in business and will consist of eight episodes over six months, starting with Rachel Tipograph, CEO of MikMak. This initiative underscores the growing recognition of women's roles in entrepreneurship and aims to enhance their visibility in the startup ecosystem.

On September 14, 2021, TriNet announced key enhancements to its TriNet Mobile app during the PeopleForce conference in New York City. These updates cater to the needs of small and medium-sized businesses (SMBs) by offering advanced tools for remote workforce management. Key features include employee time-tracking, the ability to manage employee information, and access to health services through HealthAdvocate. The enhancements aim to help SMBs navigate the evolving business landscape and improve operational efficiency.

TriNet has unveiled 'The People Report' at the PeopleForce conference in New York City, highlighting insights into small business dynamics post-pandemic. The report, developed with Morning Consult, reveals that 87% of small business decision-makers adopted new digital technologies since the pandemic, with 58% noting positive impacts on sales. Key findings include 76% satisfaction with remote work arrangements and increased focus on Diversity, Equity, and Inclusion efforts. The report aims to empower small businesses by providing actionable insights for navigating current challenges.

TriNet is set to host its second annual PeopleForce conference from September 13-16, 2021, in New York City and online. The event will include a keynote by Michelle Obama and feature influential speakers like Stacey Abrams and Lawrence H. Summers. The conference aims to provide small and medium-size businesses (SMBs) with insights for future success and growth as they transition into 2022. Participants can join virtually or in person to explore crucial content for navigating the business landscape.

TriNet, a leader in HR solutions for small and medium-sized businesses (SMBs), announced that CEO Burton M. Goldfield will participate in the PeopleForce 2021 conference, which runs from September 13-16 in New York City. The event will feature discussions on the current challenges and opportunities facing SMBs. Goldfield, who has led TriNet since 2008, has transformed the company into a prominent player in the HR industry, achieving a market capitalization of over $6 billion.