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 (PCTY) delivers cloud-based human capital management and payroll solutions for modern workforce management. This news hub provides investors and HR technology professionals with timely updates on corporate developments, financial performance, and product innovations shaping the HR software sector.
Access official press releases covering quarterly earnings, strategic partnerships, and technology enhancements alongside analysis of market trends impacting PCTY's position in competitive HR tech landscape. Our curated collection simplifies tracking of leadership changes, regulatory compliance updates, and platform feature releases.
Bookmark this page for streamlined monitoring of Paylocity's progress in unifying payroll processing with human resource management through its SaaS platform. Return regularly for verified updates on acquisitions, customer growth metrics, and innovations in workforce analytics tools.
Paylocity (NASDAQ: PCTY) introduces Benefits Decision Support, a new product simplifying benefits enrollment for HR teams by offering employees personalized recommendations based on individual health needs, financial considerations, and family dynamics. This innovation is part of Paylocity's comprehensive HCM platform and follows several product launches in the past year, including Recognition & Rewards, Employee Voice, Advanced Scheduling, Market Pay, and a reimagined mobile app.
The company has seen early success with these offerings, including over 30,000 market job searches within Market Pay and a highly-rated mobile app. Paylocity continues to lead in AI integration, with hundreds of thousands of AI-assisted interactions on its platform. Benefits Decision Support will be available to all clients starting in late August 2024, aiming to improve employee well-being and reduce HR administrative burden.
Paylocity (Nasdaq: PCTY) reported strong financial results for Q4 and FY 2024. Q4 total revenue increased 16% year-over-year to $357.3 million, while FY 2024 total revenue grew 19% to $1,402.5 million. The company saw 8% year-over-year client growth to 39,050 clients and 8% growth in average revenue per client. FY 2024 GAAP net income increased 47% to $206.8 million, or $3.63 per diluted share. Paylocity repurchased 1.1 million shares for $150 million in Q4. The company provided guidance for Q1 and FY 2025, expecting continued growth in recurring and total revenue. Co-CEO Steve Beauchamp will transition to Executive Chairman, with Toby Williams becoming sole CEO on August 5, 2024.
Paylocity has announced a conference call to discuss its Q4 and FY24 earnings results on August 1st at 4:30 pm Central Time (5:30 pm Eastern Time). The call will be webcast live on the company's Investor Relations page. Dial-in details will be provided upon clicking a link available on the website. A replay of the call will be archived on Paylocity's website. The company will issue a press release with highlights of its results before the call, accessible on the investor relations section of the website.
Paylocity Holding (Nasdaq: PCTY) reported strong financial results for the third quarter of fiscal year 2024, with total revenue up 18% to $401.3 million and recurring & other revenue up 17% to $366.8 million. The company's Board of Directors also approved a $500 million share repurchase program.
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