Earnings release
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CDK GLOBAL , INC . REPORTS FIRST QUARTER FISCAL 2022 RESULTS Revenue Up 6 % in the Quarter ; Record Total DMS Sites HOFFMAN ESTATES , IL , November 2 , 2021 - 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 . " First Quarter Fiscal 2022 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 Q1 FY2022 $ 440.0 98.3 126.2 0.59 0.77 25.5 % 23.9 % 71.7 16.3 % 170.3 38.7 % Change from Q1 FY2021 + 6 % + 31 % + 12 % + 28 % + 22 % -1050 bps -570 bps + 29 % 280 bps + 2 % -180 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 . Fiscal 2022 Annual Guidance Fiscal 2022 guidance is unchanged on both a GAAP and Non - GAAP basis .