Ceridian HCM Holding Inc at Goldman Sachs Technology & Internet Conference Transcript

Feb 12, 2020

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Feb 11, 2020 / 09:20PM GMT
Christopher David Merwin - Goldman Sachs Group Inc., Research Division - Research Analyst

Yes. All right, and we go into the next session. I'm Chris Merwin, I cover Ceridian here at Goldman, and I'm joined by David Ossip, CEO of Ceridian. David, thanks for being here.

David D. Ossip - Ceridian HCM Holding Inc. - Chairman & CEO

Hey guys, nice to be here.

Questions and Answers:

Christopher David Merwin - Goldman Sachs Group Inc., Research Division - Research Analyst

So I think that we can just quickly do a recap of Q4 earnings, which you reported, I guess, that was last week, and obviously, you saw some nice full year results, a nice acceleration in Dayforce. You clipped your target of 30% growth for the year. But I know in the quarter, there was an accounting dynamic where some revenue shifted out of Dayforce recurring into professional services. So maybe if you don't mind just talking a bit about why that happened? Why it happened so acutely in Q4? And how we should think about that accounting dynamic on a

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