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View All NewsTriNet revenue up 17%
August 02, 2016
Second-quarter revenue rose 16.5% at TriNet Group Inc. (NYSE: TNET). The professional employer organization also reported the number of worksite employees rose 8% in the second quarter to approximately 325,000.
| (US$ thousands) | Q2 2016 | Q2 2015 | % change |
| Professional service revenue | $109,593 | $97,799 | 12.1% |
| Insurance service revenue | $636,253 | $542,208 | 17.3% |
| Total revenue | $745,846 | $640,007 | 16.5% |
| Net income | $12,282 | -$1,308 | nm |
TriNet reported results Monday afternoon. Separately, PEO Insperity Inc. (NYSE: NSP) had reported results Monday morning that showed second-quarter revenue growth of 12.7%.
Quote
“We delivered strong financial results and made further progress aligning our vertical sales channel and building bundled products tailored to select industries,” President and CEO Burton Goldfield said.
Share price and market cap
Shares in TriNet fell 1.75% in early afternoon trading today to $20.75. The company had a market cap of $1.47 billion, according to Yahoo!