Ceridian Releases Second Turnover |
|
|
|
| Written by Subhasis Chatterjee | |
| Saturday, 28 July 2007 | |
|
Ceridian Corporation, the foremost organization in managed human resource outsourcing solutions today announced here of its second quarter 2007 results. It has been stated in this respect, that its net earning in this stipulated period has been of $44.6 million, or $.31 per diluted share, on revenue of $407.7 million. However, when compared with the second quarter of 2006 it has been perceived that in the previous year the net earnings had been of were $42.2 million, or $.29 per diluted share on revenue of $388.9 million. On the other hand, for the definite period of six months ending on June 30, 2007 the net earnings were 84.7 million, or $.59 per diluted share, on revenue of $813.5 million. Again, if compared with the same definite period of six months that ended on June 30, 2006 it has come to the knowledge that the net earnings were $78.4 million, or $.53 per diluted share, on revenue of $774.6 million. Last but not the least the one-time charges in the second quarter of 2007 related to the Company's evaluation of strategic alternatives and proxy-related costs amounted to $3.8 million pre-tax or $.02 per diluted share. At the same time the Company in addition recorded an income tax-related gain of $4.0 million, or $.03 per diluted share in the quarter.
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. Commenting on the occasion Kathryn V. Marinello, the President and Chief Executive Officer of Ceridian Corporation said, "I am pleased with the Company's financial performance in the second quarter. Earnings exceeded our plan for the quarter, and we are clearly on track toward achieving our financial objectives for the year." "More importantly, I am convinced that the operating management team we have assembled over the past nine months is now in full stride. We have established an operating rhythm that we expect will help drive us toward our goals of double digit top-line growth and industry standard margins over the next few years," he concluded. |