Robust Revenue Growth and Surging Net Income Highlight Paycom's Market Strength
Online payroll and human resource software provider Paycom (NYSE:PAYC) reported results in line with analysts' expectations in Q1 CY2024, with revenue up 10.7% year on year to $499.9 million. On the other hand, next quarter's revenue guidance of $436 million was less impressive, coming in 1.4% below analysts' estimates. It made a non-GAAP profit of $2.59 per share, improving from its profit of $2.46 per share in the same quarter last year.
OKLAHOMA CITY, May 01, 2024--Paycom Software, Inc. (NYSE: PAYC) ("Paycom"), a leading provider of comprehensive, cloud-based human capital management software, announced it will expand its product offerings and geographic reach into Ireland. This latest development includes access to Beti®, an industry-first solution that empowers employees to do their own payroll.