TriNet Group

TriNet Group, Inc. provides human resources solutions including industry solutions to small and mid sized businesses. Its services include payroll processing tax administration, employee benefits and a human resource technology platform with online and mobile tools and also employee onboarding and termination, compensation reporting, expense management, and benefits enrollment and administration. The company was founded by Martin Babinec in 1988 and is headquartered in Dublin, CA.

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TriNet Group posts strong earnings, eyes growth through acquisitions

TriNet Group reported strong financial performance in Q4 2022 and full year, driven by differentiated solutions and vertical market focus.
Despite challenges in WSE growth and pricing changes impacting utilization, the company remains confident in its growth prospects and profitability.
Opportunities lie in share repurchase plans, sales team expansion, margin improvement, and investments in customer experience and digital transformation.
TriNet's strengths in sales productivity, regional performance, and customer retention, along with its unique market positioning, support its positive outlook for future growth.
Overall, TriNet's performance, strengths, challenges, and opportunities position the company well for continued success and market expansion in 2023 and beyond.

TriNet Group surpasses Q1 guidance, eyes growth opportunities ahead

TriNet Group showcased strong financial performance, exceeding earnings guidance.
The company's focus on customer retention and new sales growth is driving positive results.
Improved earnings guidance and strategic initiatives position TriNet well for future growth.

TriNet Group exceeds Q2 expectations, eyes growth amid revenue challenges

TriNet Group delivered strong financial performance in Q2 2023, driven by robust ACV growth and strategic sales initiatives.
While facing challenges in revenue growth and uncertainties in CIE trends, the company remains optimistic about future prospects.
With a focus on enhancing customer targeting, capital return strategies, and platform performance, TriNet is poised for sustainable growth.

TriNet Group (TNET) reports strong Q3 performance and outlines growth strategies

TriNet Group showcased robust financial performance in Q3 despite revenue decline, emphasizing sales growth and customer well-being. The company faces challenges in revenue generation and cost management but sees opportunities in strategic shifts and future growth prospects.

TriNet Group reports robust Q4 performance, appoints new CEO

TriNet Group's Q4 2023 earnings call showcased strong financial performance, strategic leadership changes with a new CEO, and a clear focus on customer satisfaction and growth opportunities. While facing challenges related to economic and healthcare trends, the company is well-positioned to leverage its strengths in platform scalability and service offerings to drive continued success in 2024.

TriNet Group reports solid Q1 performance amidst economic challenges

TriNet Group's Q1 2024 performance showcased revenue growth, strong sales momentum, and effective expense management strategies.
Despite economic challenges impacting customers, the company is focused on driving retention, expanding distribution, and leveraging technology for operational efficiency.
Anticipated demand increase in the long term due to healthcare cost inflation presents growth opportunities and value for shareholders.

TriNet Group reports strong Q2 performance amidst market challenges

TriNet Group's Q2 2024 performance showcased resilience and growth, with solid financial results and a focus on customer satisfaction.
While facing challenges like slower net hiring, the company's emphasis on expense management and sales productivity positions it well for future success.
By capitalizing on opportunities for innovation and customer service enhancement, TriNet can navigate market challenges and drive sustained growth.

TriNet Group addresses cost challenges, forecasts strong customer retention

TriNet Group navigated challenges from increased healthcare costs by taking strategic actions and focusing on customer value.
Despite challenges, the company showed strengths in revenue growth, client retention, and commitment to sustainable growth.
Opportunities for growth include sales expansion, competitive strategies, and continued focus on efficiency.

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TriNet Group, Inc. engages in the provision of comprehensive human resources solutions for small and medium-size businesses. The firm also offers access to human capital expertise, benefits, risk mitigation, compliance, payroll, and research and development tax credit services. The company was founded by Martin Babinec in 1988 and is headquartered in Dublin, CA.

DUBLIN, Calif. , Dec. 12, 2024 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced its Board of Directors approved a dividend of $0.25 per share of the Company's common stock with a record date and ex-dividend date of January 2, 2025 and a payout date of January 27, 2025.

TriNet Announces Quarterly Dividend

DUBLIN, Calif. , Nov. 13, 2024 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced the release of its 2024 TriNet Environmental, Social and Governance (ESG) report.

TriNet Releases 2024 Environmental, Social and Governance Report

DUBLIN, Calif. , Nov. 4, 2024 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced that its President and CEO, Mike Simonds, and its CFO, Kelly Tuminelli, will present at the following four conferences: The J.P.

TriNet to Participate in Upcoming Conferences

TriNet Group (TNET) came out with quarterly earnings of $1.17 per share, missing the Zacks Consensus Estimate of $1.33 per share. This compares to earnings of $1.91 per share a year ago.

TriNet Group (TNET) Q3 Earnings and Revenues Lag Estimates

TriNet Group, Inc. (NYSE:TNET ) Q3 2024 Earnings Conference Call October 25, 2024 8:30 AM ET Company Participants Alex Bauer - Head, Investor Relations Mike Simonds - Chief Executive Officer Kelly Tuminelli - Chief Financial Officer Conference Call Participants Andrew Berkowitz - JPMorgan Kyle Peterson - Needham Kevin McVeigh - UBS Andrew Nicholas - William Blair Jared Levine - TD Cowen David Grossman - Stifel Operator Good morning and welcome to the TriNet Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

TriNet Group, Inc. (TNET) Q3 2024 Earnings Call Transcript

DUBLIN, Calif. , Oct. 25, 2024 /PRNewswire/ -- TriNet Group, Inc. (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses, today announced financial results for the third quarter ended September 30, 2024.

TriNet Announces Third Quarter 2024 Results

DUBLIN, Calif. , Oct. 21, 2024 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced that Varsha Kakati has joined the company as Vice President and India Country Leader.

TriNet Announces Varsha Kakati as Vice President and Country Leader for Hyderabad, India Operations

TriNet Group is managing a challenging hiring environment with strong new sales and near-record retention rates, positioning it for future growth. Rising healthcare costs have pressured short-term profitability, but strategic repricing, operational improvements, the Zenefits acquisition, and high ROIC offer long-term potential. Despite near-term volatility, TriNet's valuation is attractive, providing a healthy margin of safety for investors willing to weather current challenges.

I Was Too Optimistic On TriNet, But Now It's Undervalued And Ready For A Return To Growth

New Book Provides Guidance for SMBs to Create Positive Employee Experiences and Navigate HR Challenges with Ease DUBLIN, Calif. , Oct. 7, 2024 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced the launch of a new book, From Hire to Retire: A Guide to the Employee Life Cycle.

TriNet Releases Resourceful HR Book From Hire to Retire: A Guide to the Employee Life Cycle

DUBLIN, Calif. , Oct. 4, 2024 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced it will release financial results for the third quarter ended September 30, 2024, before U.S. market hours on Friday, October 25, 2024.

TriNet to Report Third Quarter 2024 Financial Results on October 25

DUBLIN, Calif. , Sept. 5, 2024 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), has announced the appointment of Sidney Majalya as Senior Vice President, Chief Legal Officer and Secretary, effective September 16.

TriNet Appoints Sidney Majalya as Chief Legal Officer and Announces Departure of Samantha Wellington

Highlights: 88% of SMB Employers Using AI for Various Functions; Only 52% of Workers Satisfied with Work-Life Balance; 85% of Employees Engaged at Work DUBLIN, Calif. , Aug. 20, 2024 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced the results of an industry-wide pulse survey designed to better understand the perceptions around current and emerging workplace trends.

TriNet Releases 2024 State of the Workplace Report on Emerging Trends for Small and Medium-Size Businesses

HYDERABAD, India , Aug. 12, 2024 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses announced that it will be holding a ribbon-cutting ceremony to celebrate the grand opening of its new office in Hyderabad, India tomorrow. Hyderabad is a thriving hub for technology and business innovation, and this expansion reflects TriNet's commitment to meeting the evolving needs of its customers.

TriNet to Inaugurate State-of-the-Art Facility in Hyderabad, India

TriNet Group recently reported Q2 2024 financial results, exceeding revenue and earnings estimates. TriNet's revenue has essentially flatlined due to a challenging hiring environment and rising healthcare costs. The company faces headwinds from macroeconomic uncertainties, high healthcare costs, and SMB market volatility.

TriNet Contends With Flat Revenue And Increasing Costs (Downgrade)

TriNet Group, Inc. (NYSE:TNET ) Q2 2024 Earnings Conference Call July 26, 2024 8:30 AM ET Company Participants Alex Bauer - Head, Investor Relations Mike Simonds - Chief Executive Officer Kelly Tuminelli - Chief Financial Officer Conference Call Participants Tien-Tsin Huang - JPMorgan Kyle Peterson - Needham Jared Levine - TD Cowen Andrew Nicholas - William Blair Kevin McVeigh - UBS David Grossman - Stifel Alex Bauer Thank you, operator. Good morning, and thank you for joining us for TriNet's 2024 Second Quarter Earnings Conference Call.

TriNet Group, Inc. (TNET) Q2 2024 Earnings Call Transcript

TriNet Group (TNET) came out with quarterly earnings of $1.53 per share, beating the Zacks Consensus Estimate of $1.24 per share. This compares to earnings of $1.74 per share a year ago.

TriNet Group (TNET) Tops Q2 Earnings and Revenue Estimates

1% Growth in Total Revenues to $1.2 Billion 5% Growth in Professional Service Revenues to $186 million Net Income per Diluted Share of $1.20 and Adjusted Net Income per Diluted Share $1.53 DUBLIN, Calif. , July 26, 2024 /PRNewswire/ -- TriNet Group, Inc. (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses, today announced financial results for the second quarter ended June 30, 2024.

TriNet Announces Second Quarter 2024 Results

DUBLIN, Calif. , July 17, 2024 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced that Shea Treadway will be joining the company as Chief Revenue Officer, effective July 29.

TriNet Appoints Shea Treadway as Chief Revenue Officer

TriNet (TNET) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

TriNet (TNET) Moves 4.2% Higher: Will This Strength Last?

Strengthens Board with the Addition of Cigna Healthcare President and Chief Executive Officer and The Cigna Group Executive Vice President and Chief Financial Officer DUBLIN, Calif. , July 9, 2024 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced that Brian Evanko, President and CEO for Cigna Healthcare, and EVP and CFO of The Cigna Group, has been appointed to its Board of Directors.

TriNet Announces Appointment of Healthcare Industry Veteran Brian Evanko to Board of Directors

DUBLIN, Calif. , July 5, 2024 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced it will release financial results for the second quarter ended June 30, 2024 before U.S. market hours on Friday, July 26, 2024.

TriNet to Report Second Quarter 2024 Financial Results on July 26

Updates Announced at the SHRM 2024 Annual Conference CHICAGO , June 25, 2024 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), announced a series of new product enhancements, capabilities and strategic partners designed to meet the needs of its customers in today's ever-evolving business environment. These announcements were made today in Chicago at the Society for Human Resource Management (SHRM) Annual Conference and Expo 2024.

TriNet Addresses the Evolving Needs of SMBs and Announces New Products and Partners Including Additional Solutions for Global Workforces and a Curated Marketplace

Recognized for its Commitment to Environmental, Social  and Governance Initiatives   DUBLIN, Calif., June 11, 2024 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced it has been awarded "Prime" status from ISS ESG, as of April 26, 2024.

TriNet Receives "Prime" Status in ISS ESG Corporate Rating

Separately, the Company  Also Announced the Departure of Chief Revenue Officer, Alex Warren DUBLIN, Calif. , June 5, 2024 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), today announced that Tim Nimmer has been appointed Senior Vice President, Insurance Services and Operations, effective June 24.

TriNet Appoints Tim Nimmer as Senior Vice President, Insurance Services and Operations

Sessions to Feature Insightful and Informative Discussions with Small Business Thought Leaders and Industry Experts DUBLIN, Calif. , May 16, 2024 /PRNewswire/ --  WHAT: TriNet's National PEO Week Virtual Events Next week is National PEO Week, and TriNet is hosting a series of discussions and interviews with thought leaders and business experts who understand the unique challenges of running a small or medium-size business.

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