May 7 (Reuters) - Human resources software provider

Dayforce ( DAY ) on Wednesday forecast second-quarter revenue

below market estimates.

Shares of the Minneapolis, Minnesota-based company fell 10%

following the results.

Dayforce ( DAY ) expects its total second-quarter revenue to be

between $454 million and $460 million, below analysts' average

estimate of $465.5 million, according to data compiled by LSEG.

It forecast full-year revenue between $1.93 billion and

$1.94 billion, in line with estimates of $1.93 billion.

The projections come in contrast with those of larger rival

ADP, which raised its annual revenue forecast last week

on the back of resilient enterprise demand and recent

acquisitions.

Dayforce ( DAY ), formerly known as Ceridian, provides cloud-based

payroll, workforce and human capital management software to

enterprise clients globally.

The company in February announced a workforce reduction of

about 5%, aiming to streamline its operations and achieve annual

cost savings of about $65 million.

It posted total revenue of $481.8 million for the quarter

ended March 31, compared with expectations of $476.7 million.

Excluding float, the total quarterly revenue was $426.5 million.

Float revenue refers to the earnings or interest a company

generates from holding cash or other liquid assets for a period

before using them for their intended purpose.

The company earned 58 cents per share on an adjusted basis

in the first quarter, compared with estimates of 55 cents per

share.