Trinet Group, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 26, 2021 at 04:52 pm EDT
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TriNet Group, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 1,100 million compared to USD 948 million a year ago. Operating income was USD 121 million compared to USD 173 million a year ago. Net income was USD 91 million compared to USD 126 million a year ago. Basic earnings per share from continuing operations was USD 1.38 compared to USD 1.88 a year ago. Diluted earnings per share from continuing operations was USD 1.37 compared to USD 1.87 a year ago. For the half year, total revenue was USD 2,160 million compared to USD 1,996 million a year ago. Operating income was USD 259 million compared to USD 293 million a year ago. Net income was USD 192 million compared to USD 217 million a year ago. Basic earnings per share from continuing operations was USD 2.91 compared to USD 3.16 a year ago. Diluted earnings per share from continuing operations was USD 2.87 compared to USD 3.13 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. 
