Paycor Hcm, Inc. Stock Price, News & Analysis

Paycor HCM, Inc. (Nasdaq: PYCR) announced its participation in upcoming investor conferences. The company will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 23, 2022, at 3:50 pm ET in Boston; the Baird Global Consumer, Technology and Services Conference on June 7, 2022, at 12:15 pm ET in New York; and the Stifel Cross Sector Insight Conference on June 8, 2022, at 4:45 pm ET in Boston.

Webcasts will be available live and for replay on Paycor's investor relations website.

Paycor HCM, Inc. (PYCR) reported Q3 total revenue of $122.6 million, a 23% increase year-over-year, driven by strong client growth. The company raised its FY’22 revenue guidance to $421-$422 million, reflecting a projected 20% growth. Operating loss for the quarter was $23.5 million, higher than the previous year's $14.7 million. Adjusted net income rose to $18.6 million from $16.2 million, showcasing profitability improvements. The firm launched notable enhancements including a Developer Portal and an Expense Management solution, further solidifying its market position.

Equifax and Paycor have announced an integration that makes The Work Number the exclusive provider of income and employment verifications for Paycor customers. This integration aims to streamline employment verification processes, allowing users to assist employees in critical situations, such as loan applications. The Work Number provides access to over 540 million employment records, enhancing operational efficiency for small businesses. Additionally, Paycor customers can leverage services for Employee Retention Credits worth up to $26,000 per employee.

The integration between Equifax and Paycor announced on May 4, 2022, will make The Work Number the exclusive provider for income and employment verifications for Paycor's clients. This development allows Paycor customers to enhance efficiency by reducing administrative tasks related to verifying employment for financial services. The Work Number boasts access to over 540 million records from 2.5 million employers, providing secure and instant verifications. Alongside this, Paycor clients can access services to help manage unemployment costs and maximize employee retention credits.

Paycor HCM, Inc. (Nasdaq: PYCR) has announced it will release its financial results for the third quarter of fiscal year 2022, ending March 31, 2022, on May 5, 2022, after market close. A conference call will follow at 5:00 p.m. ET to discuss these results. Paycor provides HCM software aimed at enhancing people management for over 29,000 customers, focusing on saving time and delivering powerful analytics for business leaders.

Paycor, a leader in human capital management software, announced that CEO Raul Villar, Jr. and CFO Adam Ante will present at the JMP Securities Technology Conference in San Francisco on March 8, 2022, at 12:30 PM PT. The presentation will be accessible for replay on Paycor’s investor relations website. Paycor offers a comprehensive HCM platform that supports over 29,000 customers by streamlining HR processes and providing actionable insights to business leaders.

Paycor HCM (Nasdaq: PYCR) launched a new Developer Portal designed to enhance data integration between HR and third-party systems. This portal allows users to sync demographic data, receive real-time notifications, and manage over 60 integration points. Key benefits include custom application development, streamlined payroll processing, and productivity tracking. Ryan Bergstrom, Chief Product Officer, noted that the launch responds to over 36% of organizations seeking improved integrations, showcasing Paycor's commitment to innovation in Human Capital Management.