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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300Upwork’s Q3 2024 Financial Results: $193.8M Revenue, Record Net Income of $27.8M, and 22% Adjusted EBITDA Margin
Upwork reported strong financial performance in Q3 2024, achieving a 10% year-over-year revenue increase, with GAAP net income reaching a record $27.8 million and adjusted EBITDA at $43.2 million. The company raised its full-year guidance a
Company NewsZipRecruiter Resilient Amid Hiring Slowdown with $117.1M Q3 Revenue and Share Repurchase Boost
ZipRecruiter has released its third-quarter 2024 financial results, reporting $117.1 million in revenue but a net loss of $2.6 million. Despite hiring challenges, CEO Ian Siegel reaffirms the company's confidence in the U.S. labor market an
EarningsAdecco Group Q3 2024 Financial Results: Resilient Performance Amid Market Headwinds, Revenue Decline of 5%
Adecco Group's Q3 2024 revenue saw a 5% decline on an organic and trading days adjusted basis, attributed to a challenging macroeconomic environment and sectoral pressures, particularly in logistics, healthcare, and manufacturing. The compa
EarningsHeidrick & Struggles Q3 Financials: Revenue Up 6% to $278.6M, Strengthening Global Talent Solutions
Heidrick & Struggles reported solid third-quarter 2024 results, with revenue growth across all segments, hitting $278.6 million—a 6% year-over-year increase. Strengthening its leadership in talent solutions, the company achieved an EPS of $
Venture CapitalAtlantic International Acquires Staffing 360: Creating a Leading Human Capital Powerhouse
Atlantic International Corp. and Staffing 360 Solutions, Inc. have entered into a definitive merger agreement aiming to establish a leading company in human capital management, workforce solutions, and outsourced services. With projected co
EarningsTrueBlue Reports 19% Revenue Decline in Q3 2024 but Accelerates Digital Transformation to Drive Future Growth
TrueBlue, a leading workforce solutions provider, reported its third-quarter 2024 financial results, highlighting a 19% year-over-year revenue decline to $382 million and a net loss of $8 million. Despite challenging market conditions, the
Venture CapitalMercer Completes Acquisition of Cardano
Mercer , part of Marsh McLennan, has completed its acquisition of Cardano, significantly expanding its footprint in pension and investment solutions in the UK and Netherlands. This move positions Mercer to address savings gaps and enhance D
Product Newsempinfo's Verification-as-a-Service (VaaS) Platform for Verifying Employment and Income is Now Available Online
EmpInfo has launched its Verifications-as-a-Service (VaaS) platform online, enabling credentialed verifiers to access nationwide employment and income records seamlessly. With its combination of "Instant" and "On-Demand Verifications," the
Venture CapitalFirst Advantage Completes Acquisition of Sterling Check for $2.2 Billion
First Advantage Corporation (NASDAQ: FA) has successfully completed its acquisition of Sterling Check Corp. for $2.2 billion, including assumed debt. This strategic move enhances First Advantage's global presence and product offerings in ba
Venture CapitalEQT Acquires Leading SaaS Talent Solutions Provider PageUp to Accelerate Global Expansion and Product Innovation
EQT, a global investment organization, has acquired PageUp, an Australian SaaS leader in talent acquisition and management, from Battery Ventures. This move aims to leverage EQT's expertise to accelerate PageUp's international expansion and
EarningsInsperity Announces Third Quarter Results
Insperity, Inc. reported its third-quarter 2024 results, showcasing a slight decrease in worksite employees (WSEEs) by 2% year-over-year, with a total of 309,088 WSEEs. Despite this, Q3 net income stood at $3 million with a diluted EPS of $
EarningsPaycom Q3 2024: A Financial Deep Dive – Revenues Climb to $452M, Up 11%
Paycom Software, Inc. reported robust financial results for the third quarter of 2024, announcing revenues of $452 million, an 11% increase year-over-year. The company's GAAP net income was $73 million, equivalent to $1.31 per diluted share
Venture CapitalToothio Raises Additional $5M to Address Dental Staffing Shortage
Toothio , a leading digital marketplace for dental staffing, has announced an additional $5 million in financing led by nvp capital and Craft Ventures, with several other investors participating. This funding supports Toothio's expansion in
Company NewsPaylocity Reports $363M Q1 Revenue with 14% Growth, Driven by Airbase Acquisition
Paylocity 's first-quarter fiscal 2025 report highlights a strong start, with 14% growth in recurring and total revenue year-over-year, reaching $363 million. The recent acquisition of Airbase marks an expansion into finance and spend manag
Company NewsDayforce Reports Impressive Q3 2024 Results: $440 Million in Total Revenue, 19% Growth in Recurring Revenue
Dayforce, a global leader in human capital management technology, reported strong financial performance for Q3 2024, with a notable increase in total revenue to $440.0 million, up 17% year-over-year. Recurring revenue from the Dayforce plat
Company NewsFiverr Q3 2024: Revenue Hits $99.6 Million, Exceeds Expectations
Fiverr International Ltd. announced robust financial results for Q3 2024, highlighting a revenue increase to $99.6 million and a notable rise in adjusted EBITDA. The company outperformed expectations amidst a challenging macro environment,
EarningsADP Fiscal Q1 2025 Earnings: Revenues Climb to $4.8 Billion, Marking a Strong Start
ADP announced robust first quarter fiscal 2025 results with a 7% increase in revenue reaching $4.8 billion and a 13% increase in diluted EPS at $2.34. Significant highlights include the acquisition of WorkForce Software and the launch of AD
Product NewsQualtrics Rolls Out Game-Changing AI Features for Enhanced Employee Engagement
Qualtrics has unveiled new AI-driven tools for its XM for Employee Experience platform, aimed at enhancing employee engagement and productivity by refining feedback analysis and actionable insights. The tools include Qualtrics Assist for Em
Company NewsLattice's 2025 State of People Strategy Report: HR at a Crossroads with AI, DEIB, and Manager Engagement
Lattice 's 2025 State of People Strategy Report reveals that HR is at a critical juncture, facing challenges like declining employee engagement, reduced DEIB prioritization, and the slow adoption of AI. The report emphasizes the importance
Product NewsLinkedIn’s first AI agent, Hiring Assistant
LinkedIn has entered the AI agent market with its new Hiring Assistant , aiming to streamline up to 80% of the pre-offer recruitment workflow. The tool integrates directly into LinkedIn's platform, enhancing recruiter productivity and candi
Product NewsPaycor Launches Integration Platform to Transform Connectivity
Paycor has launched its new Integration Platform, aimed at simplifying the connection between its human capital management (HCM) software and third-party business applications. The platform offers three core services: Paycor Marketplace wit
Company NewsWorkday Named a Leader in 2024 Gartner® Magic Quadrant™ for Cloud HCM Suites for 1,000+ Employee Enterprises for Ninth Consecutive Year
Workday has been recognized as a Leader in the Gartner Magic Quadrant for Cloud HCM Suites for the ninth consecutive year, noted for its ability to execute and innovate. Workday’s AI-powered Illuminate platform enhances workforce management
Product NewsSAP SuccessFactors Second Half 2024 Product Release: Embedding AI Across SAP SuccessFactors HCM
The SAP SuccessFactors 2H 2024 release brings over 250 innovative features, including 30 new AI capabilities designed to transform HR management. Key updates include enhanced AI-driven job recommendations, skills architecture creation, and
Venture CapitalCascade AI Secures $3.75 Million in Funding Led by Gradient
Cascade AI has secured a $3.75 million seed investment, led by Google’s Gradient, to expand its personalized AI HR assistant designed for employee-specific HR inquiries. The investment will help Cascade AI scale and enhance its platform, en
Product Newsempinfo Launches Industry-First Solution to Automate Employment Letter Generation for International Employees
empinfo, a leader in employment verification solutions, has introduced a new automated employment letter generation feature aimed at global HR operations. This industry-first solution, integrated into empinfo's platform, allows employers to
EarningsTriNet’s Q3 2024 Results: Strong Retention Despite Profit Challenges
TriNet, a leading provider of HR solutions for SMBs, reported its Q3 2024 financial results. Total revenues grew by 1%, reaching $1.2 billion, while net income declined to $45 million from $94 million year-over-year, reflecting increased he
Venture CapitalTalentNeuron Acquires HRForecast, Launches First Unified Strategic Workforce Planning Platform
TalentNeuron, backed by Leeds Equity Partners, has acquired HRForecast, a strategic workforce planning and skills management software provider. This acquisition will create the first end-to-end platform integrating internal workforce data w
Company News28 Higher Education Institutions Go Live with Workday Student in 2024
Workday Student, a next-generation AI-powered platform, is revolutionizing higher education institutions by integrating academic, financial, and HR operations. With the support of Workday Illuminate, this platform enables 28 institutions li
EarningsServiceNow Reports Q3 2024 Financial Results: 23% Subscription Revenue Growth, Total Revenue Reaches $2.797 Billion
ServiceNow exceeds guidance across all Q3 2024 topline growth and profitability metrics; raises 2024 subscription revenues guidance Subscription revenues of $2,715 million in Q3 2024, representing 23% year‑over‑year growth, 22.5% in constan
Product NewsHireology Revolutionizes Hiring for Multi-Location Businesses with New Action Center Dashboard
Hireology , a leading provider of hiring software for multi-location businesses, introduced its new Action Center dashboard, designed to provide real-time insights into the hiring process. This feature helps HR teams and recruiters manage h
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