$Dayforce Inc (DAY.CA)$$Dayforce (DAY.US)$Dayforce provides payroll and human capital management solutions, which essentially means pay staff money and manages the working shifts. Both are essential to the operations of small businesses. Traditionally, these procedures are conducted in the conventional manner. For example, payroll management is either outsourced to third-party or is internally handled by the accountants. The management of working shifts either in...
Dayforce's high P/S ratio is justified by its strong forecasted revenue growth, outpacing the Professional Services industry. Investors are willing to pay more for the stock, expecting this robust future growth. The chance of a revenue drop is seen as remote, bolstering the share price.
Dayforce's Q4 results were generally positive, despite a slight miss on customer count and FY2024 revenue guidance. However, slowing customer acquisition momentum and lower-than-expected revenue guidance for FY2024 could be potential concerns.
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