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 (NASDAQ: PCTY) regularly issues news and updates that reflect its role as a provider of cloud-based HR, payroll, finance, IT and spend management software. Headquartered in Schaumburg, Illinois and founded in 1997, the company uses press releases and investor communications to share information about its unified platform, product innovations, financial performance and partnerships.
Investors and followers of PCTY can expect frequent earnings announcements and related updates. Paylocity reports quarterly and full-year financial results, often accompanied by Form 8-K filings that summarize revenue, recurring and other revenue, operating income, net income and non-GAAP metrics such as Adjusted EBITDA and free cash flow. These releases also discuss long-term financial targets and provide guidance ranges for upcoming quarters and fiscal years.
Product and technology news is another recurring theme. The company has announced the launch of Paylocity for Finance, which extends its HCM platform into the Office of the CFO with modules for AP Automation, Expense Management, Corporate Cards, Guided Procurement and Headcount Planning. It has also highlighted enhancements to its AI Assistant, describing how the Assistant can turn everyday questions into actions within the platform, such as checking PTO balances, viewing open headcount or referencing expense policies on desktop and mobile.
Paylocity’s news flow also includes partnership and branding announcements. The company has unveiled multi-year sponsorships with professional sports organizations such as the Vegas Golden Knights, the New York Islanders and UBS Arena, and the Chicago Bulls. In these announcements, Paylocity is identified as an Official HCM Partner or Official HCM Software Partner, and the releases describe how its technology supports HR and payroll operations while aligning with community and culture-focused initiatives.
In addition, Paylocity issues notices about upcoming earnings conference calls, including webcast details and replay availability, and provides background on its business model and culture in the "About Paylocity" sections of its releases. For anyone tracking PCTY, this news stream offers insight into the company’s financial trajectory, product roadmap, AI capabilities, sponsorship strategy and broader positioning in the Software Publishers industry.
Paylocity Holding Corporation (Nasdaq: PCTY) reported strong financial results for Q1 2022, with total revenue of $181.7 million, up 34% year-over-year. Recurring revenue reached $180.8 million, marking a similar 34% increase. GAAP net income was $30.9 million or $0.55 per share. The company has $69.6 million in cash and equivalents, although cash flow from operations decreased to ($4.1) million. Looking ahead, Q2 2022 revenue is projected between $185.5 million to $189.5 million, while FY 2022 revenue is expected at $815 million to $820 million.
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Paylocity Holding Corporation (PCTY) has scheduled a conference call for November 4, 2021, at 4:30 PM CT to discuss its Q1 fiscal 2022 results. Investors can participate by calling (855) 226-3021 or (315) 625-6892, with a conference ID of 9393553. A live webcast will be available at www.paylocity.com. An advanced press release will be issued ahead of the call, accessible in the investor relations section of the company’s website.
Paylocity (NASDAQ: PCTY) has announced the acquisition of Blue Marble Payroll, enhancing its international payroll solutions. Serving around 450 clients, Blue Marble specializes in managing international payroll across 150 countries. The deal reflects Paylocity's strategy to streamline payroll management for U.S.-based companies with overseas employees, contributing to their hybrid workforce solutions. Blue Marble is projected to account for less than 2% of Paylocity's revenue in fiscal 2022, with future financial guidance to be updated in Q1 fiscal 2022.
Paylocity Holding Corporation (PCTY) has announced the promotion of three executives to enhance its long-term growth strategy. Holly Fulp is now Senior Vice President and Chief Strategy Officer, Ryan Glenn is Senior Vice President of Finance, and Josh Scutt is Senior Vice President of Sales. These moves aim to support sustained growth and scalability in the company’s operations. CEO Steve Beauchamp expressed confidence in the executives' contributions to the company's culture and success. Paylocity, a provider of cloud-based HR and payroll software, was founded in 1997 and has been publicly traded since 2014.
Paylocity Holding Corporation (Nasdaq: PCTY) reported strong financial results for Q4 and FY 2021, highlighting a total revenue of $167.5 million, up 28% year-over-year, and recurring revenue of $166.5 million, a 29% increase. For FY 2021, total revenue reached $635.6 million, up 13%, with a net income of $70.8 million ($1.26 per share). The company expects Q1 2022 revenues between $171.5 million to $175.5 million, forecasting 25% growth for FY 2022 with revenues projected at $790 million to $795 million.
Paylocity, a leading HR and payroll software provider, reported significant adoption of its Modern Workforce Solutions, including Community, Premium Video, Surveys, and the Modern Workforce Index. In the fiscal year ending June 30, Community announcements increased by over 150% year-over-year, and unique visitors doubled. Paylocity's clients, such as Revere Plastics and VStyles, have significantly improved employee engagement and reduced turnover using its solutions. The company received several accolades for its innovative offerings and ranked on the 'Crain's Fast 50' list for the eighth consecutive time.
Paylocity Holding Corporation (Nasdaq: PCTY) announced a conference call to discuss its fourth quarter and full fiscal 2021 results, scheduled for August 5, 2021, at 4:30 PM Central Time. Investors can join the call by dialing (855) 226-3021 and using conference ID 1946417. A live webcast will also be available on the company’s website. A press release with results will precede the call, accessible in the investor relations section. Established in 1997, Paylocity focuses on cloud-based HR and payroll solutions and is recognized for its unique workplace culture.
Paylocity Holding Corporation (PCTY) reported strong financial results for Q3 2021, with total revenue of $186.1 million, an increase of 8% year-over-year. Recurring and other revenue reached $184.9 million, growing 11% year-over-year. GAAP net income was $36.8 million or $0.65 per share. Cash flow from operations improved to $66.1 million, up from $50.7 million in Q3 2020. Looking ahead, the company projects Q4 revenue between $159.5 million and $163.5 million, anticipating 22%-25% growth. Fiscal year 2021 revenue is expected to be $627.7 million to $631.7 million, a 12% increase.
Paylocity (NASDAQ: PCTY) announced a study conducted by Deloitte revealing opportunities for businesses to save time and money in HR and payroll processes. With the job market evolving post-pandemic, HR teams face new challenges, including compliance and employee expectations. Key findings indicated potential automation savings of $24,500 for payroll tasks, $24,000 for time management, and $23,000 for communications. Paylocity's new Modern Workforce Index leverages data from over 25,000 customers to improve HR efficiency and employee engagement, ultimately enhancing company health.