Dayforce Inc 2024年度报告

Message from ourChief Executive Officer Dear fellow Dayforce stockholders, 2024 was an exciting year marked by strong revenue growth, improved cash flow generation, and a renewed focuson becoming the leading company in Human Capital Management (“HCM”) software. We took bold steps towardsour goals, fueled by investments in innovation, operations, and our commitment to making work life better for ourDayforce community. We continued infusing our Dayforce™platform with new capabilities throughout 2024, including developments inArtificial Intelligence (“AI”), the launch of our new Dayforce Talent Marketplace, and the successful integration ofeloomi™to power Dayforce Learning. With these enhancements, alongside the continued refinement of our go-to-market engine, we believe that we truly have ‘the right to win’ in 2025. A highlight of 2024 was hosting Dayforce Discover, our flagship global customer conference, in Las Vegas. Therewe announced new innovations that we believe will set the standard in intelligent systems – those designed topower the workforce of today, and well into the future. Dayforce Communications, Dayforce AI Agents, and DayforceStrategic Workforce Planning took center stage during the Innovation Keynote, all of which we aim to makeavailable to Dayforce customers this year. The excitement these innovations generated with existing and potentialcustomers was outstanding. We believe the energy generated by these innovations will power our momentumthrough 2025 and beyond. With 6,876 customers and 7.6 million global employees live on Dayforce at the end of 2024, we are successfullyscaling our business and securing new wins across our global footprint. I’m proud to share that we concluded theyear with strong fourth quarter results – including the strongest sales quarter in our history. Our 2024 financial and operating performance delivered strong revenue growth, expanded profitability, andincreased cash flow metrics. •Annual revenue was $1.76 billion, an increase of 16.3% or 16.7% on a constant currency basis.*•Dayforce recurring revenue, excluding float, was $1.16 billion, an increase of 20.4% or 20.7% on constantcurrency basis.*•Cloud annualized recurring revenue was $1.47 billion, an increase of 17.9%.*•Annual Dayforce gross revenue retention rate was 98.0% for the full year of 2024, compared to 97.1% in2023.*•Net income was $18.1 million and net profit margin was 1.0%. Adjusted EBITDA was $501.5 million andAdjusted EBITDA margin was 28.5%, expanding 140 basis points.*•Net cash provided by operating activities was $281.1 million and operating cash flow margin was 16.0%.Free cash flow was $171.5 million and free cash flow margin was 9.7%, expanding 280 basis points.* Drilling down into our 2024 innovation, we focused our efforts on a product roadmap built around IT simplification,data, experience, and compliance. This focus was further elevated by our talented team of Daymakers who arededicated to make work life better through a best-in-class HCM experience for our customers and their employees.Our differentiated innovations helped us achieve strong win rates, high customer retention, and industry recognitionin 2024. •We madeDayforce Co-Pilot, a fully immersive, AI-fueled experience within Dayforce Hub, generallyavailable to our customers globally. •We introducedDayforce Flex Work, an on-demand marketplace that helps organizations augment theirworkforce with flexible talent, to better help our customers address fluctuating labor demands.•We launchedDayforce Payroll in Singapore, enabling customers operating in Singapore and acrossAsia with access to our industry-leading payroll capabilities.•We surpassed $5 billion USD in funds delivered toDayforce Walletusers through on-demand pay, earlydirect deposit, and paycard.•We launchedDayforce Learning, an innovative learning and development solution embedded within oursingle, mobile-first Dayforce platform. This followed the acquisition of eloomi, a leading learningexperience platform, in the first quarter.•We won Top HR Product of the Year by Human Resources Executive forDayforce Career Explorer, ourAI-integrated career pathing tool.•We delivered more than900 compliance updates, addressing taxes, workers’ compensation,garnishments, dependent care, forecasting, and more. We also announced the next evolution of our partner ecosystem built to accelerate opportunities, innovation, andvalue across the Dayforce Partner Network. Three interconnected pillars – Service Delivery Partners, CommunityPartners, and Technology & Innovation Partners – are designed to support each partner’s unique strengths andopportunities for expansion. We’ve also introduced three new tiers – Emerging, Growth, and Strategic – designed tounlock a range of benefits as partners progress along each stage. Our partner ecosystem is grounded in the abilityto deliver comprehensive solutions that maximize value for customers and accelerate go-to-market efforts. In 2024, our market le