Ceridian reports Q1 adjusted EPS 31c, consensus 31c

Reports Q1 revenue $370.6M, consensus $361.07M. "I am very pleased with our performance in the first quarter – as Dayforce recurring revenue grew 44% or 46% on a constant currency basis and we exceeded our profitability objectives," said David Ossip, Co-CEO of Ceridian. "Looking ahead, I continue to be confident in our ability to execute and take market share as demand for our global people platform remains resilient." "Our first quarter results exceeded guidance across all metrics," said Noemie Heuland, CFO of Ceridian. "We start the year with strong Dayforce recurring revenue growth and continued operating profit expansion. This gives us confidence to raise our Dayforce recurring revenue, excluding float and profitability targets for the year as we progress towards our mid-term commitment of profitable growth."