PEO TriNet Posts Higher Revenues as Covered Workers Grow 12 Percent

Professional employer organization operator TriNet Group Inc. on Monday reported a 17-percent revenue increase in first quarter. The publicly traded San Leandro, Calif.-based company, which provides PEO services for small and mid-sized firms, also reported an $11.6 million net income, about 30 percent lower than the $15.8 million net income in the first quarter of 2015, according to its first quarter earnings announcement. TriNet's total revenues for the first quarter of 2016 increased 17% from the first quarter of 2015 to $732.9 million, while its net service division had professio...