CDK World Inc. reported the next revenue in its fiscal second quarter, although the determine is in contrast with a year-ago interval that saw the company working to sell its digital marketing business.

The Hoffman Estates, Unwell., dealership administration system big reported Monday that net income attributable to CDK for the quarter that ended Dec. 31 was $68.3 million, greater than triple the $22.3 million from the identical quarter a 12 months in the past.

Fiscal second-quarter income dipped 3 %, to $406.3 million, and CDK stated it set a document for the variety of DMS buyer websites. The corporate reported 14,851 complete DMS buyer websites within the quarter, 8,997 of which have been in automotive. It was the eighth consecutive quarter that CDK added automotive DMS buyer websites 12 months over 12 months, the corporate stated.

CDK shares fell 5.7 % to $52 in after-hours buying and selling on Monday.

CDK in November stated it planned to sell its international business to private equity firm Francisco Partners for $1.45 billion. The deal awaits regulatory approval and is predicted to shut in CDK’s fiscal third quarter, which ends March 31.

Proceeds from the sale are anticipated to permit CDK to deal with its North American operations, which embrace DMS and different software program for auto dealerships and adjoining companies within the U.S. and Canada. The sale additionally will enable the corporate to repay debt.

Underneath the deal, Francisco Companions will purchase 100% of CDK’s worldwide enterprise, which has operations in Europe, Asia, the Center East and South Africa, CDK stated. The corporate final 12 months stated it expects to obtain $1.3 billion in after-tax money proceeds from the deal and expects roughly $35 million in prices for out of doors providers to help with the transaction.

“We stay very optimistic about our technique to deal with progress alternatives in North America, giving us confidence we will ship sustainable progress and create long-term shareholder worth,” CDK CEO Brian Krzanich stated in an earnings assertion Monday.

Because of the sale settlement, CDK is classifying its worldwide enterprise as discontinued operations in its monetary outcomes. CDK’s revenue from persevering with operations, which don’t embrace the worldwide enterprise, was largely flat at $58.8 million within the quarter. The corporate reported $11.3 million in earnings for its worldwide enterprise within the quarter. That compares with a $36 million loss in discontinued operations within the year-ago quarter whereas the digital advertising enterprise was up on the market.

“We reached the very best website depend in firm historical past and elevated income per website in each our auto and adjacency companies, whereas we proceed to cope with the broader uncertainty of the macro atmosphere,” CFO Eric Guerin stated in a press release. “As we transfer towards closing the sale of the CDK Worldwide enterprise later this third quarter, I am fairly happy with our sturdy monetary place and talent to implement our progress technique.”

CDK revised its monetary steering for the 2021 fiscal 12 months excluding its worldwide enterprise. CDK lowered its income projections for 2021 to a variety from $1.66 billion to $1.71 billion, down from an unique $2 billion to $2.05 billion previous to asserting its pending deal for the worldwide operations. Web earnings attributable to CDK for the 2021 fiscal 12 months are anticipated to vary between $990 million and $1.03 billion, up from an earlier projected vary between $270 million and $310 million provided in its fiscal first quarter.