Oct 29 (Reuters) - Dayforce ( DAY ) reported

third-quarter profit below analysts' estimates on Wednesday, as

uncertainty in the labor market and growing concerns over trade

tariffs prompted companies to rein in software spending.

The results underscored the mixed picture facing the broader

software sector, where stable subscription income has helped

cushion weaker corporate budgets and a softening labor market.

Currently, Dayforce ( DAY ) is in transition to be acquired by Thoma

Bravo. The private equity firm agreed in August to buy the human

resources software provide as part of its push to consolidate

high-growth software businesses with strong recurring income.

Dayforce ( DAY ) said it expects to close the transaction in late

2025 or early 2026.

The proposed deal has sparked debate among investors, with

Dayforce's ( DAY ) largest shareholder recently calling it an

"underwhelming" offer and an attempt to take advantage of

"short-term pessimism" in the sector.

Thoma Bravo's planned acquisition follows a wave of

consolidation across the human capital management industry, as

technology leaders race to integrate AI, analytics, and

compliance tools within unified cloud platforms.

For the third quarter, Dayforce ( DAY ) posted revenue of $481.6

million, in line with analysts' estimates, according to data

compiled by LSEG.

On an adjusted basis, the company posted earning per share

of 37 cents, whereas analysts on average had expected 55 cents.