TriNet Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023 at 04:15 pm EDT
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TriNet Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 1,222 million compared to USD 1,241 million a year ago. Net income was USD 94 million compared to USD 77 million a year ago. Basic earnings per share from continuing operations was USD 1.65 compared to USD 1.23 a year ago. Diluted earnings per share from continuing operations was USD 1.63 compared to USD 1.22 a year ago.
For the nine months, revenue was USD 3,677 million compared to USD 3,659 million a year ago. Net income was USD 308 million compared to USD 307 million a year ago. Basic earnings per share from continuing operations was USD 5.23 compared to USD 4.85 a year ago. Diluted earnings per share from continuing operations was USD 5.2 compared to USD 4.81 a year ago.
TriNet Group, Inc. provides small and medium-size businesses with full-service industry-specific human resource (HR) solutions, providing both professional employer organization (PEO) and human resources information system (HRIS) services. The Company offers access to human capital expertise, benefits, risk mitigation, compliance, payroll, and research and development (R&D) tax credit services, all enabled by technology. Its suite of products also includes services and software-based solutions to help streamline workflows by connecting HR, benefits, employee engagement, payroll and time and attendance. It offers six industry-tailored vertical PEO services: TriNet Financial Services, TriNet Life Sciences, TriNet Main Street, TriNet Nonprofit, TriNet Professional Services and TriNet Technology. The Company's HRIS services primarily consists of its self-directed, cloud based HRIS software solution and provides the option to add tools, such as payroll processing and benefits management.
TRINET GROUP, INC. 
