Paycom Software Inc Stock Price, News & Analysis

Paycom Software (PAYC) reported robust financial results for Q1 2022, with total revenues of $354 million, marking a 30% increase from the previous year. GAAP net income reached $92 million, or $1.58 per diluted share, while non-GAAP net income was $111 million, or $1.90 per diluted share. Adjusted EBITDA stood at $170 million, representing 48% of total revenues. The company’s recurring revenues accounted for 98.5% of total revenues. Paycom forecasts revenues of $308 million to $310 million for Q2 2022 and $1.333 billion to $1.335 billion for the full year.

Paycom Software, Inc. (NYSE:PAYC) is set to release its first-quarter earnings results on May 3, 2022, after market close. Following the announcement, a conference call is scheduled for 5 p.m. (Eastern time) on the same day to discuss the results in detail. Investors can access the conference call via dial-in numbers or through a webcast on Paycom's investor relations website. A replay will be available from May 3 to May 10. Paycom is recognized for its innovative cloud-based human capital management solutions, serving clients across all 50 states.

Paycom Software, Inc. (NYSE:PAYC) has announced Viktor Hovland, the No. 4 ranked golfer in the world, as its new brand ambassador. Hovland, a successful golfer with three PGA Tour victories since turning pro in 2019, will wear the Paycom logo during competitions, starting at the 86th Masters in Augusta, Georgia. Paycom, based in Oklahoma City, is a leader in cloud-based human capital management software, offering solutions to manage the employment lifecycle for businesses across various industries. This partnership aims to enhance Paycom's brand visibility and connect with a broader audience.

Paycom Software, Inc. (NYSE:PAYC) has been recognized by Comparably for its outstanding workplace culture, earning awards for Best Company Outlook, Best Marketing Department, and Best Sales Department. Paycom ranked among the nation's top 100 large companies for Best Company Outlook and was the only Oklahoma company in the Best Marketing and Sales Teams categories. The awards, based on employee feedback from March 2021 to March 2022, highlight Paycom's commitment to its people and innovative approach. The company offers diverse employee benefits and emphasizes diversity and inclusion.

Paycom Software, Inc. (NYSE:PAYC) will present at the KeyBanc Capital Markets Emerging Technology Summit on March 8 in San Francisco. The event is scheduled for 1 p.m. Pacific time and a live webcast will be available on investors.paycom.com under the “Events” tab. A replay of the presentation will be accessible for 90 days post-event. Paycom is recognized for its innovative human capital management solutions, allowing businesses to streamline HR processes and manage the entire employee lifecycle.

Paycom Software, Inc. (PAYC) reported a 25.4% increase in full year revenues, totaling $1,055.5 million, with a record annual revenue retention rate of 94%. The GAAP net income reached $196.0 million, or $3.37 per diluted share. Fourth quarter revenues also grew 29.0% year-over-year, amounting to $285.0 million. The company anticipates first quarter revenues between $342 million and $344 million and expects full year revenues of $1.314 billion to $1.316 billion for 2022.

Paycom Software, a leader in cloud-based human capital management, will announce its fourth quarter and full year 2021 results on February 8, after market close. The company will conduct a conference call at 5 p.m. ET the same day to discuss these results, providing investors an opportunity for Q&A. Paycom's software streamlines the entire employment lifecycle, catering to businesses of all sizes across various industries. Its ability to adapt to changing market needs positions it as a prominent player in the HR technology sector.