For FY23, the company sees: Dayforce recurring revenue, excluding float of $936 million to $946 million, or an increase of 24% to 26% on a GAAP basis and 25% to 27% on a constant currency basis. Ceridian expects tax migration from the legacy Bureau infrastructure to the same platform as Dayforce to contribute approximately 460 basis points of growth in fiscal year 2023. Float revenue of $150 million. Adjusted EBITDA of $360 million to $375 million. This report corrects the consensus revenue estimate.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on CDAY:
- Ceridian reports Q4 adjusted EPS 23c, consensus 15c
- Ceridian names Steve Holdridge president, customer and revenue operations
- Ceridian Reports Fourth Quarter and Full Year 2022 Results
- Ceridian Promotes Steve Holdridge to President, Customer and Revenue Operations
- Ceridian price target raised to $82 from $80 at Deutsche Bank