Welcome to our dedicated page for PAYCOM SOFTWARE news (Ticker: $PAYC), a resource for investors and traders seeking the latest updates and insights on PAYCOM SOFTWARE stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PAYCOM SOFTWARE's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PAYCOM SOFTWARE's position in the market.
Paycom Software, Inc. (PAYC) is expanding its automated payroll services into Ireland with the introduction of Beti®, an employee payroll solution. This move follows recent expansions into Canada, Mexico, and the U.K., as well as the launch of Global HCM™. Paycom aims to offer its comprehensive HCM, payroll, and tax filing software to organizations in Ireland, showcasing its commitment to innovative technology and global employee empowerment.
Paycom Software, Inc. reported strong financial results for the first quarter of 2024, with total revenues of $500 million, an increase of 11% from the previous year. GAAP net income was $247 million, representing 49% of total revenues, or $4.37 per diluted share. Non-GAAP net income was $147 million, or $2.59 per diluted share. Adjusted EBITDA was $230 million, 46% of total revenues. The company remains focused on expanding automation capabilities and delivering value to clients.
Paycom Software, Inc. (PAYC) declared a quarterly cash dividend of $0.375 per share of common stock to be paid on June 10, 2024, to stockholders of record as of May 28, 2024.
