Welcome to our dedicated page for Paycor Hcm news (Ticker: PYCR), a resource for investors and traders seeking the latest updates and insights on Paycor Hcm stock.
The news page for Paycor HCM, Inc. (PYCR) provides an archive of company announcements and market updates from its time as an independent public company through its acquisition by Paychex, Inc. Paycor is described in these releases as a leading provider of human capital management (HCM) software, offering an HR, payroll, and talent platform that connects leaders to people, data, and expertise.
News items cover a range of topics, including quarterly financial results, guidance, and commentary on business performance. For example, Paycor has reported revenue growth, changes in operating income, and non-GAAP measures such as adjusted operating income, adjusted net income, and adjusted free cash flow, along with explanations of how these non-GAAP metrics are defined and used by management.
Product and technology updates are another key theme in Paycor’s news. The company has announced the launch of Paycor Assistant, an AI-powered HR companion that offers a conversational interface, intelligent search, and HR document summarization, as well as an integration platform that connects its HCM system to many technology partners. Other releases highlight AI-based capabilities in skills management, candidate sourcing, job description generation, and sentiment analysis.
Strategic and corporate developments also feature prominently. These include Paycor’s participation in investor conferences, embedded partner programs such as the integration of Paycor’s HCM solution into PDI Enterprise, and major transaction announcements. Notably, Paycor disclosed a definitive agreement to be acquired by Paychex and later provided updates related to the merger process, while Paychex and Apax Partners issued their own releases describing the rationale and completion of the acquisition.
Investors and researchers can use this news stream to follow Paycor’s historical financial reporting, product evolution, AI initiatives, partnerships, and the sequence of events that led to its transition into a wholly owned subsidiary of Paychex.
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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.
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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.
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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.