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CDK Global Reports an 11% in Revenue

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CDK Global has announced financial results for its fiscal 2020 first quarter ended Sept. 30. Revenues were $494 million, a year-over-year increase of 11 percent. The company expects revenues for fiscal 2020 to come in between $2-$2.5 billion.

“We had a very good first quarter, with continued improvements in sites and sales in North America,” said Brian Krzanich, president and CEO. “I’m very happy with the site count growth and the investments we are making in our technology and customer satisfaction initiatives. … We remain confident in our long-term growth strategy and our ability to deliver value to our customers and shareholders.”

“Quarterly company revenues were up 11 percent year-over-year, driven by growth in core subscription revenue and improved site counts, in addition to gains from our ELEAD business,” said Joseph Tautges, executive VP and CFO. “Auto sites in North America were up again for the third quarter in a row.”

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