TRINET GROUP Reports Revenue Increase of 0.8% and Net Income Decrease of 2.4% in FY2023 Q2

☀️Earnings Overview

On July 26th, 2023, TRINET GROUP ($NYSE:TNET) released their financial results for Q2 FY2023, showing total revenue of USD 1209.0 million – a 0.8% growth from the same period in the previous year – accompanied by a decrease of 2.4% in net income to USD 83.0 million compared to the same period of the year prior.

Analysis

GoodWhale recently conducted an analysis of TRINET GROUP, and the results indicate that it is a low risk investment when it comes to both financial and business concerns. Their Risk Rating system provides investors with information about a company’s overall risk level, and TRINET GROUP earned a score that indicates minimal risk. If you would like to learn more about TRINET GROUP and any potential risks associated with their business or financial aspects, you can register on goodwhale.com and view the company’s profile. GoodWhale’s personalized analysis will provide you with a comprehensive view of any areas that may involve more risk than others. You can also compare other companies and make informed decisions for your portfolio. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Trinet Group. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Trinet Group. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Trinet Group. More…

Key Ratios Snapshot

Some of the financial key ratios for Trinet Group are shown below. More…

Peers

Its competitors are Insperity Inc, Paychex Inc, and Trucept Inc.

– Insperity Inc ($NYSE:NSP)

Inspriety Inc is a business services provider headquartered in Texas. The company offers a suite of human resources and business solutions to small and medium-sized businesses. Inspriety’s products and services include payroll, benefits, HR and talent management, time and attendance, and insurance. The company serves over 100,000 businesses across the United States.

Inspriety has a market cap of 4.12B as of 2022 and a ROE of 366.51%. The company’s strong market position and financial performance are attributable to its focus on providing quality products and services to its customers. Inspriety is well-positioned to continue its growth trajectory in the coming years.

– Paychex Inc ($NASDAQ:PAYX)

Paychex Inc is a leading provider of payroll and human resource outsourcing solutions for small- to medium-sized businesses. The company has a market cap of 40.42B as of 2022 and a return on equity of 38.35%. Paychex has been in business for over 40 years and has a long track record of providing quality services to its clients. The company offers a wide range of payroll and human resource outsourcing solutions, including payroll processing, tax compliance, benefits administration, and talent management. Paychex is a publicly traded company listed on the New York Stock Exchange (NYSE: PAYX).

– Trucept Inc ($OTCPK:TREP)

Trucept Inc. is a publicly traded American corporation with a market capitalization of 221.15 thousand as of 2022. The company is headquartered in Tulsa, Oklahoma and provides software and technology solutions to small and medium businesses. The company’s products and services include accounting, human resources, and customer relationship management. The company has a return on equity of 42.12%.

Summary

TRINET GROUP reported impressive financial results in their FY2023 Q2 earnings report, with total revenue of USD 1209.0 million, representing a 0.8% year-over-year increase. Despite this positive growth in revenue, the company saw a 2.4% decrease in net income compared to the same period last year, settling at USD 83.0 million. Investors can remain cautiously optimistic about TRINET GROUP’s financial performance, although further diligence should be taken to understand the overall impact of these results.