TriNet Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 26, 2022 at 04:21 pm EDT
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TriNet Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 1,200 million compared to USD 1,100 million a year ago. Net income was USD 85 million compared to USD 91 million a year ago. Basic earnings per share from continuing operations was USD 1.36 compared to USD 1.38 a year ago. Diluted earnings per share from continuing operations was USD 1.35 compared to USD 1.37 a year ago.
For the six months, revenue was USD 2,418 million compared to USD 2,160 million a year ago. Net income was USD 230 million compared to USD 192 million a year ago. Basic earnings per share from continuing operations was USD 3.62 compared to USD 2.91 a year ago. Diluted earnings per share from continuing operations was USD 3.58 compared to USD 2.87 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. 
