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TriNet Group Inc (TNET) delivers human resources solutions to small and midsize businesses through its professional employer organization model. This page serves as the definitive source for TriNet-related news, providing investors and industry professionals with timely updates on corporate developments.
Access curated press releases and analysis covering earnings reports, strategic partnerships, regulatory compliance updates, and technology enhancements to TriNet's HR platforms. Our collection enables stakeholders to monitor operational milestones and market positioning without promotional bias.
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TriNet Group, a key player in human capital management solutions for SMBs, announced its Q1 financial results for 2023. Revenue grew by 2% to $1.2 billion, while professional service revenues increased by 6% to $205 million. Despite these gains, net income fell to $131 million or $2.17 per diluted share, down from $146 million or $2.21 per diluted share year-over-year. Adjusted net income also declined to $150 million or $2.49 per diluted share. Average Worksite Employees and HRIS Users dropped by 5% and 9%, respectively. The company provided guidance for the second quarter and full year, anticipating moderate revenue growth of 1-2% for total revenues and professional service revenues. TriNet remains focused on customer satisfaction and financial discipline amidst ongoing economic uncertainties.
TriNet will host its Second Annual Small Business Week Virtual Summit from May 1 to May 4, 2023. This event will feature discussions and interviews with industry experts addressing the unique challenges faced by small and medium-sized businesses (SMBs). Topics will include funding for growth, HR technology trends, and scaling businesses effectively. The summit coincides with National Small Business Week, underscoring the importance of entrepreneurship in the U.S. economy. Additionally, TriNet leaders will participate in an interview series discussing capital access, talent management, and industry trends impacting SMBs.
For registration and the full schedule, visit here.
TriNet (NYSE: TNET), a leading provider of HR solutions for small and medium-sized businesses, announced it will release its financial results for Q1 2023 on April 26, 2023, after market hours. A conference call will be held at 2:00 p.m. PT (5:00 p.m. ET) to discuss these results. Participants can pre-register for the call to bypass the live operator. The financial results are expected to provide insights into TriNet's performance and strategic direction as it continues to serve SMBs with comprehensive HR solutions, including benefits, payroll, and compliance services.
For further information, visit TriNet's investor relations page for the live webcast, as well as access to a replay of the call.
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