Welcome to our dedicated page for Paylocity Holdin news (Ticker: PCTY), a resource for investors and traders seeking the latest updates and insights on Paylocity Holdin stock.
Paylocity Holding Corporation provides cloud-based HR, Finance, and IT software solutions through a unified platform for payroll, human capital management, talent, benefits, time, learning, performance, spend management, and workplace workflows. News about PCTY commonly covers fiscal results, recurring revenue trends, cash flow, share repurchase activity, and the company's expansion of AI across everyday HR, finance, and IT processes.
Company updates also include product launches such as Paylocity Elevate Solutions, acquisition activity including Grayscale Labs for AI-powered recruiting automation, and platform enhancements aimed at recruiting, payroll administration, candidate engagement, and operational support for clients.
Paylocity Holding Corporation (PCTY) reported a strong second quarter for fiscal year 2021, with total revenue reaching $146.3 million, an 11% increase compared to the same period last year. Recurring and other revenue stood at $145.4 million, reflecting a 14% year-over-year growth. The company achieved a net income of $9.6 million, or $0.17 per share. For fiscal year 2021, Paylocity expects total revenue between $623.5 million and $628.5 million, indicating an 11%-12% growth compared to the previous year.
Summary not available.
Paylocity Holding Corporation (Nasdaq: PCTY) announced a conference call to discuss its second quarter fiscal 2021 results on February 4, 2021, at 4:00 pm CT. Investors can listen to the call by dialing (855) 226-3021, with a conference ID of 2895946. The live webcast will also be available on their website. A press release with the company's results will be available prior to the call. Paylocity is a leading provider of cloud-based HR and payroll software solutions, recognized for its unique culture and user-friendly products.
Summary not available.
Paylocity (NASDAQ: PCTY) announced its acquisition of Samepage, a team collaboration platform, on November 16, 2020. This acquisition aims to enhance Paylocity's HR and payroll software capabilities by integrating Samepage's tools for task management and real-time collaboration. By doing so, Paylocity is set to improve productivity and efficiency for remote workforces while providing modern solutions for communication and collaboration needs. This strategic move reflects Paylocity's commitment to delivering advanced human capital management solutions.
Paylocity Holding Corporation (PCTY) reported strong financial results for Q1 fiscal 2021, ending September 30, 2020. Total revenue rose by 7% year-over-year to $135.8 million, with recurring and other revenue increasing 11% to $134.9 million. Despite challenges from the COVID-19 pandemic, the company is gaining momentum in sales. The GAAP net income for the quarter was $12.5 million, or $0.22 per share. Looking ahead, PCTY projects Q2 revenue between $141 million and $145 million, indicating a growth of 7%-10% over the previous year.
Paylocity Holding Corporation (PCTY) will hold a conference call to discuss its Q1 fiscal 2021 results on November 5, 2020, at 4:00 PM Central Time. Interested participants can join the call by dialing (855) 226-3021 or accessing the live webcast at www.paylocity.com. A replay will be available post-call, with results also released beforehand on the company's investor relations page.
Summary not available.
Paylocity (NASDAQ: PCTY) has launched its new touchless time clocks with thermal temperature scanning, enhancing workplace safety during the pandemic. This innovation allows for contactless time collection, addressing the challenges of maintaining social distancing. The clocks offer features like biometric fingerprint readers, facial recognition, and customizable employee attestations for monitoring wellness. CEO Steve Beauchamp emphasized that these advancements help organizations eliminate high-touch areas while boosting productivity. This addition complements Paylocity's existing time collection tools.
On Aug. 27, 2020, Paylocity (NASDAQ: PCTY) announced details for its 12th annual Elevate Conference, scheduled to take place virtually from Sept. 16-17. The conference aims to provide education, training, and recertification to HR professionals amidst the ongoing challenges in human capital management (HCM). Attendees will have access to recorded content for a month post-event and can expect insights from industry leaders and Paylocity executives on business developments. The agenda includes over 30 speakers and networking opportunities.