Paycor HCM, Inc. - $PYCR STOCK NEWS

Paycor HCM, Inc. (PYCR) will participate in the JMP Securities Technology Conference in San Francisco, California on March 5, 2024. The webcast presentation will be available for replay on the company's investor relations website.

Paycor HCM, Inc. (Nasdaq: PYCR) reported Q2 total revenues of $159.5 million, a 20% year-over-year increase, with recurring revenue at $147.2 million, up 18% year-over-year. The company raised its FY’24 revenue guidance to $650 - $656 million, a 19% year-over-year increase at the top end of the range. CEO Raul Villar, Jr. emphasized the strong revenue growth and margin improvement, attributing it to the success of their HCM software and continued investment in analytics.

Paycor HCM, Inc. (PYCR) has announced the release of two new offerings, Pay Benchmarking and Labor Forecasting, to help HR and business leaders make more informed compensation decisions and enhance workforce planning. The new solutions aim to address challenges in managing labor demands, ensuring pay equity, and retaining top talent, while striving to scale efficiently. Pay Benchmarking provides salary data for approximately 10 million jobs across the U.S., while Labor Forecasting helps businesses create optimal staffing schedules based on key demand drivers such as revenue, sales volume, or customer traffic.

Paycor HCM, Inc. announced the promotion of Ryan Bergstrom to Chief Product & Technology Officer, unifying product and technology departments to drive innovation and accelerate product development cycles. The new role aims to empower leaders to build winning teams and deliver the best solutions for clients faster than ever before.

Paycor HCM, Inc. (Nasdaq: PYCR) will release financial results for the second quarter of fiscal year 2024, ended December 31, 2023, after the U.S. financial markets close on February 7, 2024. The company will host a conference call and webcast presentation to discuss the financial results.

Paycor HCM, Inc. (PYCR) to Host Inaugural Paycor Connect+ Conference in April 2024

Paycor HCM, Inc. (Nasdaq: PYCR) has announced the commencement of an underwritten public offering of 5,000,000 shares of common stock on behalf of Pride Aggregator, LP. The underwriter proposes to offer the shares of common stock for sale from time to time in one or more transactions on the Nasdaq Global Select Market. Paycor will not receive any of the proceeds from the sale of the shares being offered by the selling stockholder but will bear the costs associated with the sale of such shares, other than any underwriting discounts and commissions. Following the completion of this offering, the selling stockholder may adopt an amendment to its limited partnership agreement which would result in the recognition by Paycor of additional stock-based compensation expense estimated to be between $5,000,000 and $10,000,000 during its second fiscal quarter. The proposed offering of common stock will be made pursuant to the Company’s shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (“SEC”) and declared effective. Jefferies is acting as underwriter for the proposed offering.

Paycor (PYCR) unveils new HR functionality to streamline workforce management, catering to non-traditional workers. The company aims to empower leaders to efficiently manage their complete workforce, including independent contractors, seasonal workers, and volunteers, through a single platform. With a surging demand for non-traditional work arrangements, this addition aims to streamline processes for leaders to effectively manage their entire staff.

PYCR: Paycor HCM, Inc. Announces Strong Q1 FY'24 Results with Total Revenues of $143.6M, 21% YoY Growth, and FY'24 Revenue Guidance of $648-654M, 18% YoY Increase