TriNet Group Inc (N:TNET)
Business Focus: Human Resources Consulting Services
| Sector: Industrials | Industry: Employment Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | One Park Place., Suite 600 DUBLIN CA 94568 |
| Tel: | N/A |
| Website: | https://www.trinet.com |
| IR: | See website |
| Key People | ||
| Michael Q. Simonds President, Chief Executive Officer, Director | Kelly Lee Tuminelli Chief Financial Officer, Executive Vice President | Samantha Wellington Executive Vice President - Business Affairs, Chief Legal Officer, Secretary |
| Jay Venkat Executive Vice President, Chief Digital and Innovation Officer | Michael Mendenhall Senior Vice President, Chief Marketing Officer, Chief Communications Officer | Alex Warren Senior Vice President, Chief Revenue Officer |
| Business Overview |
| 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. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, TriNet Group Inc revenues increased 1% to $4.92B. Net income increased 6% to $375M. Revenues reflect Insurance service revenues increase of 1% to $4.17B, Professional service revenues increase of less than 1% to $756M. Basic Earnings per Share excluding Extraordinary Items increased from $5.63 to $6.58. |
| Employees: | 3,600 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $7,228M as of Dec 31, 2023 |
| Annual revenue (TTM): | $4,922M as of Dec 31, 2023 |
| EBITDA (TTM): | $570.00M as of Dec 31, 2023 |
| Net annual income (TTM): | $375.00M as of Dec 31, 2023 |
| Free cash flow (TTM): | $470.00M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $741.00M as of Dec 31, 2023 |
| Shares outstanding: | 50,573,176 as of Mar 28, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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