Almost 3 Years Ago
1 Min Read

TNET up 6%. Here's what's happening:



Shares of Trinet Group Inc (TNET) are trading 6% higher at a price of $83.9 at the time of this writing.

Highlights from Cision PR Newswire: 

  • Total revenues increased 9% to $1.2 billion as compared to the same period last year.
  • Professional service revenues increased 17% to $182 million as compared to the same period last year.
  • Net income was $85 million, or $1.35 per diluted share, compared to net income of $91 million, or $1.37 per diluted share, in the same period last year.
  • Adjusted Net Income was $108 million, or $1.72 per diluted share, compared to Adjusted Net Income of $104 million, or $1.56 per diluted share, in the same period last year.
  • Adjusted EBITDA was $162 million, compared to Adjusted EBITDA of $154 million, in the same period last year.
    Finished the second quarter with over 610,000 Users across our PEO and HCM products.
  • Average PEO WSEs increased 6% as compared to the same period last year, to approximately 351,000.
  • Average HCM Users for the period was approximately 253,000.
  • At June 30, 2022, TriNet had cash and cash equivalents of $336 million and total debt of $495 million.

Trinet Group Inc has been trading between a 52-week high of $109.4 and a 52-week low of $69.16. The stock has a market cap of $5.22 Billion.

TriNet provides small and medium-size businesses (SMBs) with full-service HR solutions tailored by industry. To free SMBs from HR complexities, TriNet offers access to human capital expertise, benefits, risk mitigation and compliance, payroll and real-time technology. From Main Street to Wall Street, TriNet empowers SMBs to focus on what matters most-growing their business.

Headlines


TriNet Group, Inc. 2022 Q2 - Results - Earnings Call Presentation (NYSE:TNET)
Seeking Alpha 07-26-22

TriNet Group, Inc. (TNET) CEO Burton Goldfield on Q2 2022 Results - Earnings Call Transcript
Seeking Alpha 07-26-22

TriNet Non-GAAP EPS of $1.72 beats by $0.57, revenue of $1.2B
Seeking Alpha 07-26-22

TriNet Announces Second Quarter 2022 Results
PR Newswire 07-26-22

TriNet Q2 2022 Earnings Preview
Seeking Alpha 07-25-22