Ceridian Corporation, the leading organization in managed human resource outsourcing solutions today reported of the first quarter 2007 results. It has been stated, that its net earnings is $40.1 million, or $.28 per diluted share, on revenue of $405.8 million. It is to be noted, that in the first quarter of 2006, net earnings were $36.2 million, or $.24 per diluted share on revenue of $385.7 million. One-time charges related to the Company's evaluation of strategic alternatives and related expenses, lease terminations and executive separations together totaled $11.8 million pre-tax or $.05 per diluted share.

Ceridian is a well-known information services company engaged in the service for years satisfying the needs of businesses and employees. The company’s concentration or the core area of function is human resource, transportation and retail markets. The company’s improved financial and operational performance led to accelerating marketplace momentum for Ceridian in 2005. The organization is having a strong and efficient position in growth markets with a noble plan to elevate and excel through enhancing the international presence. It is stated, through the performance in the international business arena that the company remains in some way remains committed to continuous process and productivity improvements.

Speaking on the occasion, Kathryn V. Marinello, President and Chief Executive Officer of Ceridian Corporation said, "I am pleased with the Company's financial performance in the first quarter. Revenue in both of our business segments exceeded plan, margins in Human Resources Solutions (HRS) improved substantially, and earnings and cash flow were very strong. Diluted earnings per share of $.28 compared favorably to our plan, despite the impact of one-time charges."

"I am especially pleased with the progress we have made in improving margins in the HRS business. Margins improved almost 3 percent compared to the prior year quarter, despite the unusual expenses incurred during the quarter," Marinello continued. "We are benefiting from margin improvement initiatives already in place, and more importantly, we are implementing more far-reaching initiatives that we expect will drive HRS margins to industry standard levels within the next few years. Top-line growth in the HRS business was driven primarily by a strong all-around performance internationally and better than expected customer retention in the core U.S. HR/Payroll business. Order growth in HRS was down compared to the prior year quarter. Float balance growth was strong at 9 percent and the yield was up 39 basis points over the prior year quarter to 4.8 percent."

It is expected that earnings per diluted share for 2007 shall remain between $1.20 and $1.30, including the one-time charges of $.05 per diluted share incurred during the first quarter, though this does not include charges that may be incurred in future quarters related to the Company's evaluation of strategic alternatives and related expenses. In addition, the total 2007 revenue is expected to grow from 5 percent to 9 percent to a range of $1,650 million to $1,700 million., while the HRS revenue for the year is expected to grow in the mid-single digits on a percentage basis.