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Strategies & Market Trends : The New Economy and its Winners

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From: Bill Harmond	8/4/2014 4:23:13 PM
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04-Aug-14 16:22 ET In Play TriNet Group beats by $0.02, beats on revs; posts adjusted EBITDA of $39.4 mln, a 38% y/y increase (24.72 +0.38) : Reports Q2 (Jun) earnings of $0.24 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus Estimate of $0.22; revenues rose 44.5% year/year to $525 mln vs the $511.58 mln consensus. Adjusted EBITDA for the second quarter was $39.4 million, a 38% increase the same period last year. Total Worksite Employees (WSEs) at June 30, 2014 increased 31% from June 30, 2013, to approximately 259,000, including approximately 13,000 acquired from Ambrose. Organic growth was 23%. Results for the second quarter of 2014 reflect the 31% growth in WSEs as TriNet continued to leverage its growing salesforce to increase penetration of targeted customer verticals.

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