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Revenue (Tables)
3 Months Ended
Mar. 31, 2020
Revenue From Contract With Customer [Abstract]  
Summary of Disaggregation of Revenue

Disaggregation of Revenue

 

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

 

 

(Dollars in millions)

 

Revenue:

 

 

 

 

 

 

 

 

Cloud

 

 

 

 

 

 

 

 

Dayforce

 

 

 

 

 

 

 

 

Recurring services

 

$

128.1

 

 

$

102.9

 

Professional services and other

 

 

40.7

 

 

 

29.9

 

Total Dayforce revenue

 

 

168.8

 

 

 

132.8

 

Powerpay

 

 

 

 

 

 

 

 

Recurring services

 

 

21.8

 

 

 

21.5

 

Professional services and other

 

 

0.3

 

 

 

0.3

 

Total Powerpay revenue

 

 

22.1

 

 

 

21.8

 

Total Cloud revenue

 

 

190.9

 

 

 

154.6

 

Bureau

 

 

 

 

 

 

 

 

Recurring services

 

 

31.6

 

 

 

48.4

 

Professional services and other

 

 

0.2

 

 

 

0.7

 

Total Bureau revenue

 

 

31.8

 

 

 

49.1

 

Total revenue

 

$

222.7

 

 

$

203.7

 

Schedule of Changes in Deferred Revenue

Deferred revenue primarily consists of payments received in advance of revenue recognition. The changes in deferred revenue were as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

 

 

(Dollars in millions)

 

Deferred revenue, beginning of period

 

$

25.5

 

 

$

23.2

 

New billings

 

 

85.7

 

 

 

63.6

 

Revenue recognized

 

 

(83.6

)

 

 

(63.8

)

Effect of exchange rate

 

 

(0.8

)

 

 

 

Deferred revenue, end of period

 

$

26.8

 

 

$

23.0