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.
Paycom Software Inc (PAYC) delivers innovative cloud-based human capital management solutions to organizations worldwide. This dedicated news hub provides investors and professionals with centralized access to official corporate communications and market-moving developments.
Track Paycom's latest financial results, product enhancements, leadership announcements, and strategic partnerships through verified press releases and curated analysis. Our repository ensures timely access to earnings reports, regulatory filings, and operational updates that shape the company's trajectory in the HR technology sector.
Key updates include quarterly earnings disclosures, software feature launches, compliance-related announcements, and executive team changes. Bookmark this page for streamlined monitoring of Paycom's business evolution within the competitive payroll solutions 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.
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