Revenue Up 6% in the Quarter; Record Total DMS Sites
Bengaluru, Nov. 16, 2021 (GLOBE NEWSWIRE) — CDK Global, Inc. (NASDAQ: CDK) today announced financial results for its fiscal 2022 first quarter ended September 30, 2021.
“This fiscal year is pivotal for CDK as we work to transform the automotive industry by connecting dealers, manufacturers, software developers and consumers and delivering a modern retail experience through refreshed products and services. Now that we’ve completely digitized the sales and service processes within the traditional dealership model, we are taking the next step of bringing the industry new capabilities, like Salty’s Embedded Insurance®, to help consumers manage the many decisions that come with buying and owning a car,” said Brian Krzanich, CDK chief executive officer. “This progress is the direct result of the investments we’ve made over the last few years, and we are energized by the results we are driving in our core business and financial metrics, which include accelerated revenue growth and an 11th consecutive quarter of increased auto site count.”
“We had a strong start to the year, with 6% revenue growth and bottom-line results that position us well for the year,” said Eric Guerin, CDK chief financial officer. “The quarter met our expectations and sets us on a trajectory to meet our financial goals for fiscal 2022 while continuing to invest in our business and in our customers’ success.”