Asure Software, Inc. reports developments around its cloud-based Human Capital Management software for organizations of multiple sizes. The company's HCM suite covers HR, payroll, time and attendance, benefits administration, payroll tax management and talent management, with HR compliance services that incorporate AI technology.
Recurring ASUR news includes quarterly earnings and guidance, recurring revenue and non-GAAP operating measures, customer and partner updates, executive and operational leadership changes, and investor-conference participation. Company updates also reference workforce management, payroll accuracy, tax management and regulatory compliance support for clients.
Asure (NASDAQ: ASUR) reported its Q1 2020 results amidst the COVID-19 pandemic. HCM revenue totaled $18.9 million, exceeding expectations. Non-GAAP EPS was $0.21, above the consensus of $0.16. However, HCM bookings saw an 11% year-over-year increase until February, but dropped 3% for the quarter due to pandemic impacts. Asure has withdrawn its full-year guidance, citing economic uncertainty. They launched a COVID-19 Resource Center to assist small businesses during the crisis.