CDK Global, Inc. (NASDAQ:CDK) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition.
CDK Global, Inc. Exhibit
EX-99.1 2 exh_991.htm PRESS RELEASE EdgarFilingEXHIBIT 99.1CDK Global Reports Second Quarter Fiscal 2019 Results ASC 606 Second Quarter Results Revenues of $590.4 millionGAAP net earnings attributable to CDK of $89.0 million and adjusted EBITDA of $222.2 millionGAAP diluted earnings attributable to CDK per share of $0.70 and adjusted diluted earnings attributable to CDK per share of $0.98Maintains adjusted guidance ranges; expects to be at the higher end of the adjusted earnings per share range ASC 605 Second Quarter Results Revenues rise 7% to $600.5 millionGAAP net earnings attributable to CDK decline 10% to $93.9 million and adjusted EBITDA increases 12% to $228.7 millionGAAP diluted earnings attributable to CDK per share decline 1% to $0.74 and adjusted diluted earnings attributable to CDK per share rise 15% to $1.02 HOFFMAN ESTATES,…
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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.