Earnings release
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CDK GLOBAL , INC . REPORTS THIRD QUARTER FISCAL 2021 RESULTS Largest Site Increase Since 2016 ; Announces Repurchase Program HOFFMAN ESTATES , IL , May 6 , 2021 - CDK Global , Inc. ( NASDAQ : CDK ) today announced financial results for its fiscal 2021 third quarter ended March 31 , 2021 . " CDK delivered the strongest increase in Auto DMS sites since 2016 , representing our ninth straight quarter of year - over - year growth , " said Brian Krzanich , CDK chief executive officer . " Our strong customer - focused approach has resonated with dealers and OEMs , and coupled with enhancements to our software and integrations , has resulted in new customer growth and increased penetration within our base . We are excited about the significant progress we've made during the quarter and look forward to future investment opportunities as we continue our on strategic growth journey . " " We achieved the highest total company site count and revenue per site in our history , " said Eric Guerin , CDK chief financial officer . " Revenue was up two percent on solid underlying fundamentals within our DMS and core applications business . During the quarter , we closed the sale of our International Business , reduced outstanding debt and are now announcing our intention to resume share repurchases . Guidance for the fiscal year has been revised to narrow the ranges as we head into our fourth quarter . " Third Quarter Fiscal 2021 Results CDK Global , Inc. ( $ million except per share ) Revenue GAAP Earnings before income taxes Non - GAAP Adjusted earnings before income taxes GAAP Diluted earnings attributable to CDK per share Non - GAAP Adjusted diluted earnings attributable to CDK per share GAAP effective tax rate Non - GAAP effective tax rate GAAP Net earnings attributable to CDK GAAP Net earnings attributable to CDK margin Non - GAAP Adjusted EBITDA Non - GAAP Adjusted EBITDA margin Q3 2021 Fiscal 2021 Annual Guidance The fiscal 2021 guidance is provided on both a GAAP and a Non - GAAP basis . $ 433.1 71.2 112.3 7.00 0.69 33.8 % 22.7 % 860.9 198.8 % 166.3 38.4 % Change from Q3 2020 + 2 % -35 % -9 % n / m -9 % 470 bps -30 bps n / m n / m -6 % -330 bps The non - GAAP results and guidance presented in this press release represent non - GAAP financial measures . Reconciliations of these measures to the most directly comparable GAAP measures are provided in the tables at the end of this press release .