CDK Global has announced its fourth quarter and fiscal 2018 financial results, showing that revenues for fiscal 2018 were up 2 percent, to $2.2 billion. Earnings before income taxes was up 18 percent, to $512 million.
As for the fourth quarter results, earnings before income taxes were up 45 percent to $137 million, and revenues were up 1 percent to $569 million.
“We had outstanding sales in the quarter and fiscal year that provide the momentum to accelerate future growth,” said Brian MacDonald, CEO. “We are pleased with the overachievement of our adjusted EBITDA margin target of 35 percent for fiscal 2018, and are well on our way to achieving the 40 percent adjusted EBITDA margin exit target for fiscal 2019 while investing in innovation, the core operations of the business, and acquisitions.”
