Peositions are eliminated based on age and compensation. The longer you’ve been around and the more you make the more likely you are to be let go. Why? Eliminating you has a bigger impact on the bottom line. CDK had to eliminate 600 people Friday to justify buying eLeads on Monday. Plus, CDK is sold. Deal to be finalized in Q1.
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This is the worse company. Management especially Damon he s---s . He talks shot to his employees. He screams at them.
This site is for n---ers
I see once again the mods are deleting posts
So once again I’ll repost.
This so trash and anyone works here is trash
4th Q Earnings call. Enough said!
CDK North America: Retail Solutions North America
Fiscal 2018 Results
Revenues increased 1% to $1,611.1 million. On a constant currency basis, revenues were flat.
GAAP earnings before income taxes increased 9% to $659.0 million; adjusted earnings before income taxes increased 13% to $682.0 million. On a constant currency basis, earnings before income taxes increased 12%.
GAAP pretax margin expanded 310 bps to 40.9%; adjusted pretax margin expanded 440 bps to 42.3%. Margin expansion was primarily driven by operating efficiencies associated with the business transformation plan, scale from increased subscription revenues, and lower incentive compensation.
Fourth Quarter Fiscal 2018 Results
Revenues declined 1% to $402.1 million. On a constant currency basis, revenues also declined 1%.
GAAP earnings before income taxes increased 7% to $170.0 million; adjusted earnings before income taxes increased 10% to $174.4 million. On a constant currency basis, earnings before income taxes increased 9%.
GAAP pretax margin expanded 330 bps to 42.3%; adjusted pretax margin expanded 420 bps to 43.4%. Margin expansion was primarily driven by operating efficiencies associated with the business transformation plan, scale from increased subscription revenues, and lower incentive compensation.
CDK North America: Advertising North America
Fiscal 2018 Results
Revenues declined by 1% to $305.8 million.
GAAP earnings before income taxes decreased 16% to $37.1 million; adjusted earnings before income taxes decreased 16% to $37.2 million.
GAAP pretax margin declined 230 bps to 12.1%; adjusted pretax margin declined 220 bps to 12.2% primarily due to a shift in revenue mix.
Fourth Quarter Fiscal 2018 Results
Revenues declined by 3% to $75.0 million.
GAAP earnings before income taxes decreased 41% to $7.6 million; adjusted earnings before income taxes decreased 40% to $7.7 million.
GAAP pretax margin declined 650 bps to 10.1%; adjusted pretax margin declined 630 bps to 10.3% primarily due to a shift in revenue mix and timing of media spend.
If you think CdK is Bringing jobs back to the US you may have used too much bleach.
What does this mean for release employees ?
Nobody has given us any information other than what we read online.
Elead
This is comendy gold!
Are people trying to act like a dumb a-- here? I think the trolls found us or humanity is f---ed.
I’m not concerned..
Look at these people below.
Clearly they are from India judging but the broken English.
Looks like CDK is moving more to clients instead of outsourcesing form the cheapest and lowest of life forms.
Dealers are demanding outstanding support as well as a great product. Something smaller and priviate companies have naturally.
It’s clear this acquisition is to merge the best of the two as CDK is known for is horrible CRM and none existent support. When was the last time India provided that?
I see eLeads as a segregated system that will eventually replace the old token one CDK uses. This combined with CDKs DMS services is a big win us dealers.
I’m looking into getting my dealers onboard with CDK in such a case I’m tired of asking for products from people who can’t even type.
Oh, and to the poster of this thread, if your not from India it’s clear you where liad of for other reasons as you treat people like trash then cry about it online.
There’s no place for people who disrespect others in the sales industry yet alone DMS/CRM. It’s also obvious as heck that you keep posting in your own topic your posts are like a fingerprint! Get over yourself!
Grammar Nazis are just scared and don’t have any proper cometary other then that. They deserve what’s comeing to them.
Normal people can place their thoughts into words without insulting the way others do and knowing damn well one knows what they ment.
Bottem line; this was a plan from the start buy build and sell the employees are just cater for slaughter if your smart get out. Look at both companies history they buy out others to flip them like houses. These houses however are still occupied. Totally demonic way of thinking shame on BOTH!
Your first sentence should end with a question mark.
My thoughts are ...... why do so many employees have such a hard time spelling and typing grammatically correct sentences. Lol!! Maybe that’s why!
I see someone deleted my comment so I’ll just watch this and post it over and over!
Soulless entities who own these companies preach famimly values. Yet milk their “fanimly” to sale or be tossed in the trash.
I hope both parties sleep well knowing their greed costs 1,000s their life style!
Not sure about the buyout but almost 100 employees are removed from Cdk India. Expecting another 100.
Abandons ship
Trash companies
Too bad for eLeads they aren’t joining a well run organization.
Price valuation based on the end of Q1 numbers. Every penny eLeads currently has in top line revenue translates to top line revenue for CDK. The revenue will far exceed the debt/loan payment to purchase eLeads resulting in a better net value. - Child
If it's already sold, why they wil buy eLeads?
If being around and making too much was what got you laid off, I should have been laid off too.
I wouldn’t trust the word of someone who has the grammar of a child. But that’s just me.