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Revenue (Tables)
3 Months Ended
Mar. 31, 2021
Revenue From Contract With Customer [Abstract]  
Summary of Disaggregation of Revenue

Disaggregation of Revenue

 

 

 

Three Months Ended March 31,

 

 

 

2021

 

 

2020

 

 

 

(Dollars in millions)

 

Revenue:

 

 

 

 

 

 

 

 

Cloud

 

 

 

 

 

 

 

 

Dayforce

 

 

 

 

 

 

 

 

Recurring

 

$

145.3

 

 

$

128.1

 

Professional services and other

 

 

36.8

 

 

 

40.7

 

Total Dayforce revenue

 

 

182.1

 

 

 

168.8

 

Powerpay

 

 

 

 

 

 

 

 

Recurring

 

 

20.3

 

 

 

21.8

 

Professional services and other

 

 

0.3

 

 

 

0.3

 

Total Powerpay revenue

 

 

20.6

 

 

 

22.1

 

Total Cloud revenue

 

 

202.7

 

 

 

190.9

 

Bureau

 

 

 

 

 

 

 

 

Recurring

 

 

30.4

 

 

 

31.6

 

Professional services and other

 

 

1.4

 

 

 

0.2

 

Total Bureau revenue

 

 

31.8

 

 

 

31.8

 

Total revenue

 

$

234.5

 

 

$

222.7

 

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,

 

 

 

2021

 

 

2020

 

 

 

(Dollars in millions)

 

Deferred revenue, beginning of period

 

$

24.4

 

 

$

25.5

 

New billings

 

 

100.6

 

 

 

85.7

 

Acquired billings

 

 

14.3

 

 

 

 

Revenue recognized

 

 

(95.4

)

 

 

(83.6

)

Effect of exchange rate

 

 

(0.2

)

 

 

(0.8

)

Deferred revenue, end of period

 

$

43.7

 

 

$

26.8