Core Points - Dayforce's stockholders approved the acquisition by Thoma Bravo, marking a significant milestone in the transaction [2][3] - Approximately 88.4% of votes cast, representing 78.8% of the voting power, were in favor of the acquisition [2] - The acquisition will provide Dayforce with the opportunity to accelerate its business and drive innovation [2] Company Overview - Dayforce is a global leader in human capital management (HCM) technology, focused on improving work life for customers and employees [4] - The company offers a single AI-powered platform for HR, Pay, Time, Talent, and Analytics, benefiting organizations of all sizes [4] Acquisition Details - Under the merger agreement, Dayforce stockholders will receive US$70.00 per share in cash for each share owned [3] - The transaction is expected to close in late 2025 or early 2026, pending customary closing conditions [3] Thoma Bravo Overview - Thoma Bravo is a leading software-focused investor with approximately $181 billion in assets under management as of June 30, 2025 [5] - The firm has invested in around 535 companies over the past 20+ years, representing approximately $275 billion in enterprise value [5]

Financial Data and Key Metrics Changes - The company reported a 7% revenue growth and a 7% adjusted EPS growth for the first quarter of fiscal 2026 [5][16] - Employer Services segment revenue increased by 7% on a reported basis and 5% on an organic constant currency basis [16] - Client funds interest revenue increased more than anticipated, leading to an increase in the full-year forecast by $10 million to a range of $1.30 to $1.32 billion [17][19] Business Line Data and Key Metrics Changes - Employer Services new business bookings showed solid growth, resulting in record sales volume for a first quarter [5] - PEO revenue growth of 7% exceeded expectations, driven by growth in zero margin pass-throughs and higher wages [7][18] - Employer Services pays per control growth rounded down to 0% for the first quarter, reflecting client caution around adding headcount [6][16] Market Data and Key Metrics Changes - Overall client satisfaction score reached a new all-time high for a first quarter, indicating improvements across business units [6] - The company experienced specific strength in ADP® Lyric HCM, with new business bookings exceeding expectations [9][10] Company Strategy and Development Direction - The company is focused on leading with best-in-class HCM technology, including scaling embedded payroll solutions for small businesses [7][8] - The acquisition of Pequity aims to enhance capabilities in compensation management, supporting complex planning needs for clients [11][62] - The company continues to advance AI initiatives to improve operational efficiency and client engagement [12][13] Management's Comments on Operating Environment and Future Outlook - Management described the HCM demand backdrop as relatively stable, with no significant changes observed in deal cycles [24][25] - The company maintains its full-year growth guidance for Employer Services at 4% to 7% and PEO revenue growth at 5% to 7% [16][18] - Management expressed confidence in achieving strategic goals and delivering strong financial results despite slight declines in retention rates [15][19] Other Important Information - The company announced the acquisition of Pequity, which is expected to enhance its compensation management offerings [11][62] - The company was recognized as a leader in multi-country payroll solutions by industry analysts [15] Q&A Session Summary Question: Update on deal cycles and time to close - Management indicated that the HCM demand backdrop remains stable, with no meaningful changes in deal cycles observed in Q1 [24][25] Question: Confidence in Employer Services guidance amid slight downticks - Management expressed confidence in the guidance, noting that movements are relatively small and offsetting each other [26][28] Question: Surprising areas of new bookings growth - Management highlighted growth in small business services, particularly in retirement services and HR outsourcing [32] Question: Performance of PEO during enrollment period - Management reported the highest participation rates in four years, indicating strong demand for health benefits among targeted industries [57][58] Question: Insights on international market performance - Management described the international market as "lumpy," with solid execution expected to drive growth in the future [68] Question: Impact of processing days on revenue growth - Management noted a modest impact of around $10 million due to one less processing day compared to the previous year [85][89]

Core Viewpoint - Dayforce, Inc. is set to release its third quarter 2025 financial results on October 29, 2025, following its acquisition agreement with Thoma Bravo [1][2]. Group 1: Financial Results Announcement - Dayforce will announce its third quarter 2025 financial results after market trading on October 29, 2025 [1]. - The company will not host an earnings conference call or provide forward-looking guidance due to the acquisition agreement [2]. Group 2: Company Overview - Dayforce is a global leader in human capital management (HCM) technology, focused on improving work life for customers and employees [3]. - The company offers a single AI-powered platform for HR, Pay, Time, Talent, and Analytics, benefiting organizations of all sizes [3].

Core Viewpoint - Dayforce, Inc. is in advanced discussions with Thoma Bravo regarding a potential acquisition at a price of US$70 per share [1] Company Overview - Dayforce is a global leader in human capital management (HCM) technology, focused on improving work life for customers and employees [4] - The company offers a single AI-powered platform for HR, Pay, Time, Talent, and Analytics, benefiting organizations of all sizes [4] Acquisition Details - The potential acquisition by Thoma Bravo is still under discussion, and there are no guarantees regarding the agreement or its terms [1][2] - Dayforce has stated it will not provide further comments on the acquisition discussions unless disclosure is deemed necessary [2]

Financial Performance & Guidance - First quarter revenue increased by 10% year-over-year to $34.9 million[14] - Recurring revenue also increased by 10% year-over-year[77] - The company anticipates FY2025 revenue between $134 million and $138 million[16] - FY2025 adjusted EBITDA margin is guided at 23%-24%[16] Growth & Strategy - Contracted revenue backlog increased by 339% compared to the first quarter of the previous year[14] - The company completed a credit facility for up to $60 million for potential future acquisitions[14] - The company serves over 100,000 clients and over 2 million employees[16] Market Opportunity - The US HCM total addressable market (TAM) is over $90 billion and is growing at a CAGR of 7.6% through 2025[38] - The near-term total addressable market is over $45 billion[38]

Core Insights - Asure Software, Inc. has launched a new Canadian payroll tax filing solution aimed at large Canadian companies and global enterprises with employees in Canada [1][2] - The solution integrates payroll tax services with major platforms like Workday, Oracle, and SAP, utilizing the company's AI-powered virtual agent, Luna, marking a significant innovation in the Canadian market [2][3] Company Developments - The product was developed rapidly due to an API-first approach and a strategic partnership with Amazon Web Services (AWS), enhancing scalability, reliability, and flexibility [3] - The Canadian payroll tax solution addresses compliance needs for organizations managing cross-border payroll processes, simplifying workflows and improving operational efficiency through intelligent automation [3][4] Strategic Focus - The company aims to empower organizations by simplifying complex payroll and tax compliance challenges, particularly across international borders, reinforcing its commitment to innovation [4] - Asure Software's suite of HCM solutions includes various services such as HR, payroll, time and attendance, benefits administration, payroll tax management, and talent management, all enhanced by AI technology [5]

Core Insights - Dayforce, Inc. has announced the availability of its Dayforce platform on the Microsoft Azure Marketplace, enhancing accessibility for customers [1][4] - The integration allows for seamless unification of enterprise resource planning (ERP) and human capital management (HCM) on a single platform, promoting operational excellence [2][3] - The collaboration aims to help organizations streamline procurement and deployment, maximizing value and efficiency in operations [4] Company Overview - Dayforce is a global leader in human capital management technology, focusing on improving work life for customers and employees [6] - The Dayforce platform integrates HR, payroll, workforce management, talent, and analytics into a single user-friendly experience [3][6] - The platform is designed to deliver quantifiable value across various regions, including North America, Europe, the Middle East and Africa, and Asia-Pacific and Japan [3] Market Context - The Azure Marketplace serves as an online platform for buying and selling cloud solutions, facilitating connections between companies and innovative cloud-based solutions [4] - The partnership with Microsoft Azure is expected to enhance operational efficiency and economic value for customers, allowing them to spend smarter [4]