Trinet Group Inc Stock Price, News & Analysis

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.

On April 4, 2023, TriNet (NYSE: TNET) unveiled its new identity in New York City, reflecting its expanded business strategy targeting small and medium-size businesses (SMBs). The update emphasizes its human resources solutions, including the Enrich™ product line and R&D tax credit services. President and CEO Burton M. Goldfield addressed the audience, highlighting the resiliency of their customer base and the company's commitment to addressing challenges faced by SMBs. TriNet's comprehensive HR solutions aim to empower businesses by providing industry-specific expertise, risk mitigation, compliance, and payroll services.

TriNet (NYSE: TNET) has unveiled a new identity and an extensive advertising campaign called People Matter, featuring renowned artists like Annie Leibovitz. The rebranding reflects TriNet's commitment to supporting small and medium-sized businesses (SMBs) with its enhanced human resources solutions, including the HRIS Enrich™ product and R&D tax credit services. The campaign emphasizes the importance of SMBs in today's dynamic market, with a focus on customer success, and will be promoted through various media channels. TriNet's approach is rooted in over 30 years of experience in HR solutions, aiming to empower entrepreneurs and help them thrive.

TriNet is hosting a webinar titled Weathering the Storm on March 30, 2023, aimed at assisting small and medium-sized businesses (SMBs) in navigating the recent banking crisis. With over 30 years of experience in HR solutions, TriNet aims to provide SMBs with critical insights to not only survive but thrive during economic uncertainties. The webinar will feature executives, including Samantha Wellington and Alex Warren, who will share valuable strategies. Interested participants can register online to gain insights and support tailored specifically for SMB needs during challenging times.

TriNet (NYSE: TNET) is partnering with Inc. Magazine to host a special SXSW edition of PeopleForceX on March 11, 2023, at 4:20 p.m. CT in Dublin, California. The event will feature remarks from Small Business Administrator Isabella Casillas Guzman and discussions led by TriNet's Chief Marketing Officer Michael Mendenhall. The focus will be on fostering customer loyalty through company culture and branding. This initiative highlights TriNet's commitment to supporting small and medium-sized businesses (SMBs) and emphasizes the significance of entrepreneurship in today’s economy.