Hoffman Estates, Ill.-based CDK Global, makers of software used by RV dealerships, among many other markets it serves, announces net income during the third quarter of the fiscal year of $132 million, an increase of 10 percent year-over-year. The company’s revenues in the quarter were $426 million, an increase of 4 percent.
“CDK remains focused on helping our customers adapt to the current challenges of the COVID-19 pandemic, while we continue to enable them to complete their mission-critical operations,” said Brian Krzanich, the company’s chief executive officer. “We’ve stepped up during this crisis and taken actions to support our dealers, many of whom are small to medium-sized businesses, with discounts and free offers on our products and solutions.
“Our (Software-as-a-service)-based business model provides us the resilience to be there for them while we continue to strategically invest for the future. Virtually all of our employees are successfully working from home and we are proud of what the CDK team has accomplished to move the business forward. We continue to perform at a high level on virtual installations, sales and software improvements, as well as future developments of our Saas offerings, which will allow us to emerge technically and operationally stronger from this crisis.”
