TriNet reports Q1 adjusted EPS $2.16, consensus $2.46

Reports Q1 revenue $1.3B, consensus $1.27B. “I’m excited to have begun my tenure as CEO of TriNet,” said Mike Simonds, TriNet’s President and CEO. “We are building strong momentum in the market with our unique set of services and proprietary technology. While the broader economic environment remains challenged, we are keeping our focus on our customers and the substantial growth opportunity ahead of us.” Simonds continued, “Given the environment, I am pleased with TriNet’s execution and our first quarter financial results. In the areas within our control, particularly new sales, retention, and expense management, we executed well. We continue to generate strong cash flows while positioning our business to take disproportionate share of growth as macroeconomic conditions improve.”