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View All NewsPEO TriNet reports revenue up 6% in Q2
July 31, 2018
Second-quarter revenue rose 6% at professional employer organization TriNet Group Inc. (NYSE: TNET). Net income jumped at the Dublin, Calif.-based firm, but the average number of worksite employees fell 3% to approximately 314,000.
| (US$ millions) | Q2 2018 | Q2 2017 | % change |
| Professional service revenue | $115 | $109 | 6% |
| Insurance service revenue | $735 | $692 | 6% |
| Total revenue | $850 | $801 | 6% |
| Net income | $58 | $40 | 45% |
Quote
“Our strong second quarter results, including strength in new sales, reflect the successful execution of our vertical market strategy and disciplined go-to-market approach,” said President and CEO Burton Goldfield.
Share price and market cap
Shares in TriNet fell 2.26% to $55.46 as of 12:34 p.m. Eastern time. The company had a market cap of approximately $3.91 billion.