Entering text into the input field will update the search result below

TriNet Group jumps 6.7% post Q1 results

Apr. 29, 2020 9:50 AM ETTriNet Group, Inc. (TNET) StockTNETBy: Pranav Ghumatkar, SA News Editor
  • TriNet (TNET +6.7%) reports Q1 total revenue increase of 12% Y/Y to $1B and net service revenues increased 13% Y/Y to $283M.
  • Total WSEs increased 6% Y/Y, at ~337K; Average WSEs increased 8% Y/Y, at ~336K & Total WSEs payroll and payroll taxes processed were $13.14M (+13% Y/Y).
  • Net Insurance Service Revenues consisted of insurance service revenues of $892M, less insurance costs of $765M.
  • Operating margin increased 267 bps to 11.5% & Adj. EBITDA also increased 228 bps to 13.8%.
  • Net Insurance Service Revenue margin was flat to 14%.
  • Professional service revenues increased 15% Y/Y, and Net Insurance Service Revenues also increased 10% Y/Y.
  • At Mar. 31, 2020, TriNet had cash and equivalents of $521M and total debt of $620M.
  • "Our strong Q1 financial results highlighted the strength of our vertical market platform and disciplined approach to client selection and cost management.” said Burton M. Goldfield, President and CEO.
  • Previously: TriNet EPS beats by $0.50, beats on revenue (April 28)

Recommended For You

More Trending News

About TNET Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
TNET--
TriNet Group, Inc.