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.
Paycor HCM, Inc. (NASDAQ: PYCR) reported Q2 fiscal year 2022 total revenue of $103.1 million, a 20% increase year-over-year. The company raised its FY22 revenue guidance to $411-415 million, indicating a 17% growth on a midpoint basis. Operating loss expanded to $33.8 million from $20.9 million YoY. Adjusted operating income fell to $10.3 million, down from $13.5 million YoY. Paycor aims to boost market presence with new partnerships and product launches, including a predictive resignation feature and a payroll reporting platform.
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Paycor HCM, Inc. (NASDAQ: PYCR) has appointed Paaras Parker as the new Chief Human Resource Officer. With extensive experience in HR leadership roles at renowned companies such as Macy's and Kroger, Paaras brings a strong focus on talent acquisition, diversity, and organizational development. CEO Raul Villar, Jr. expressed enthusiasm for her alignment with Paycor's culture and guiding principles, emphasizing the importance of an inclusive workplace for employee support and growth.
Paycor HCM, a top provider of human capital management software, has been named the official HR software provider for the Pac-12 Football Championship Game and other Pac-12 sporting events. This long-term partnership aims to enhance Paycor's brand visibility and includes collaboration on leadership initiatives and social justice donations linked to touchdowns scored during the season. Major events include the Pac-12 Men's and Women's Basketball Tournaments in March and the Baseball Tournament debut in May. Paycor joins several prominent brands as a partner of the Pac-12.
Paycor HCM, Inc. (NASDAQ: PYCR) announced the release of its financial results for the second quarter of fiscal year 2022, which ended on December 31, 2021. The results will be available after market close on February 3, 2022. Following this, a conference call and webcast will be held at 5:00 p.m. Eastern Time on the same day to discuss the financial results. Paycor specializes in Human Capital Management software, serving over 28,000 customers with a focus on business leaders and providing powerful analytics and personalized support.
Paycor HCM, Inc. (NASDAQ: PYCR) announced participation of CEO Raul Villar and CFO Adam Ante in the 24th Annual Needham Virtual Growth Conference on January 11, 2022, at 2:45 p.m. Eastern Time. This significant event will showcase the company's advancements in Human Capital Management (HCM) software, tailored for business leaders. The presentation will be available for replay on Paycor’s investor relations website. With over 28,000 customers, Paycor offers innovative solutions for recruiting, onboarding, and managing associates, focused on saving time and providing actionable insights.
CINCINNATI, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Paycor HCM, Inc. (NASDAQ: PYCR) announced that CEO Raul Villar and CFO Adam Ante will present at the Raymond James Technology Investors Conference on December 7, 2021, at 8:50 a.m. ET. The presentation will be available for replay on Paycor’s investor relations website, highlighting the company's commitment to providing advanced Human Capital Management solutions to over 28,000 customers.
Paycor HCM, Inc. (Nasdaq: PYCR) unveiled a new feature in its Paycor Analytics tool, which offers predictive analysis on employee turnover. This functionality assists HR and business leaders in identifying at-risk employees and understanding factors driving potential resignations. A Gallup study indicates over 50% of employees are seeking new roles, highlighting the need for tools to mitigate turnover. The predictive metrics allow for data-driven discussions focused on retention strategies. Paycor's partnership with Visier enhances this offering, marking a significant advancement in workforce analytics.
Paycor HCM, Inc. (NASDAQ: PYCR) reported impressive Q1 fiscal 2022 results, with total revenue increasing to $92.7 million, a 17% year-over-year growth. Recurring revenue reached $92.4 million, marking an 18% increase. However, the company faced an operating loss of $52.3 million compared to $21.5 million in the prior year. The adjusted operating income stood at $3.4 million, down from $12.7 million. Looking ahead, Paycor expects Q2 revenues between $99.0 million and $100.0 million and aims for fiscal 2022 revenues of $402.0 million to $406.0 million.
Paycor HCM, Inc. (Nasdaq: PYCR) will release its financial results for the first quarter of fiscal 2022 on November 9, 2021, after market close. The results will cover the period ended September 30, 2021. A conference call and webcast will be held the same day at 5:00 p.m. ET for discussion of these results. Interested participants can join by dialing (855) 327-6837 domestically or (631) 891-4304 internationally. A live webcast will also be accessible on Paycor’s Investor Relations website.