CDK Global, Inc. (NASDAQ:CDK) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition.
On May 2, 2017, CDK Global, Inc. (CDK) issued a press release
announcing financial results for its third fiscal quarter ended
March 31, 2017 and forward-looking statements relating to
forecasted GAAP and adjusted results for CDKs fiscal year ending
June 30, 2017. A copy of the press release is attached to this
Current Report on Form 8-K as Exhibit 99.1 and is incorporated by
reference herein.
Exhibit 99.1 includes adjusted financial measures relating to
CDKs operations, liquidity, and forecasted outlook. Certain of
these adjusted measures will be used in CDKs third fiscal quarter
ended March 31, 2017 analyst conference call. In addition,
Exhibit 99.1 includes reconciliations of these adjusted to GAAP
measures, as well as an explanation of how management uses these
adjusted measures and the reasons why management views these
measures as providing useful information for investors. These
adjusted financial measures should be viewed in addition to, and
not as an alternative to, financial results prepared in
accordance with GAAP, and the financial results calculated in
accordance with GAAP and reconciliations from CDKs results should
be carefully evaluated.
The information contained in this Current Report on Form 8-K, as
well as Exhibit 99.1, shall not be deemed filed for the purposes
of Section 18 of the Securities Exchange Act of 1934, as amended
(the Exchange Act) or otherwise be subject to the liabilities of
that section. It may only be incorporated by reference in another
filing under the Exchange Act or Securities Act of 1933, as
amended, if such subsequent filing specifically references this
Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
|
Exhibit Number |
Description of Exhibit |
|
99.1 |
Press Release issued by CDK Global, Inc. on May 2, 2017 |
About CDK Global, Inc. (NASDAQ:CDK)
CDK Global, Inc. provides integrated information technology and digital marketing solutions. The Company’s segments include Retail Solutions North America, Advertising North America and CDK International. Through its Retail Solutions North America segment, the Company provides technology-based solutions, including automotive Website platforms, that help automotive retailers, original equipment manufacturers (OEMs) and other industry participants manage the acquisition, sale, financing, insuring, parts supply, repair and maintenance of vehicles. Through its Advertising North America segment, the Company provides advertising solutions, including management of digital advertising spend, for OEMs and automotive retailers. As of June 30, 2016, through its CDK International segment, it provided technology-based solutions similar to the retail solutions provided in its Retail Solutions North America segment in approximately 100 countries outside of the United States and Canada. CDK Global, Inc. (NASDAQ:CDK) Recent Trading Information
CDK Global, Inc. (NASDAQ:CDK) closed its last trading session down -0.12 at 64.89 with 1,300,441 shares trading hands.
