Welcome to our dedicated page for Paylocity Holding Corporation news (Ticker: PCTY), a resource for investors and traders seeking the latest updates and insights on Paylocity Holding Corporation stock.
Paylocity Holding Corporation (NASDAQ: PCTY) is a leading provider of cloud-based human capital management (HCM) and payroll software solutions, primarily servicing small to midsize clients in the United States. Founded in 1997 and publicly traded since 2014, Paylocity's unique offering bridges the gap between traditional payroll services and advanced software solutions, targeting businesses with 10 to 5,000 employees.
Over the years, Paylocity has expanded its product suite to include not just core payroll services but also a comprehensive range of HCM solutions such as time and attendance tracking, recruiting software, and workplace collaboration tools. The company's platform is designed to elevate payroll and HR functions from the back office to the boardroom, offering the same level of sophisticated cloud software typically found in sales, finance, and operations.
Paylocity has received numerous accolades, including being an eight-time Inc. Magazine winner for America's fastest-growing privately-held companies and a seven-time winner of Chicago's 101 Best & Brightest Companies to Work For. The company is also a four-time winner of the Best Places to Work in Illinois.
Recent achievements include the launch of new products like Recognition & Rewards and Employee Voice, which aim to enhance employee engagement and build stronger workplace connections. The company continues to innovate by integrating generative AI into its HCM platform and offering a next-generation mobile app for seamless access.
Financially, Paylocity has shown consistent growth. As of the first quarter of fiscal year 2024, the company reported a 25% increase in total revenue and a 19% rise in recurring revenue. The company's commitment to innovation and client engagement was further demonstrated at the annual Elevate Client Conference, where new product releases were announced.
Paylocity's latest ventures include AI-driven shift scheduling, which optimizes employee schedules, and AI-powered learning recommendations to aid in employee development. These advancements have been well-received, with significant adoption rates among early users.
Headquartered in Schaumburg, IL, Paylocity continues to push the boundaries of modern HR, helping businesses automate and streamline their HR and payroll processes. For more information, visit www.paylocity.com.
Paylocity Holding Corporation (Nasdaq: PCTY) has announced a conference call on May 6, 2021, at 4:30 PM Central Time to discuss its third-quarter fiscal 2021 results. The call can be accessed by dialing (855) 226-3021, with the conference ID 7724575. Participants are encouraged to join at least five minutes early. A live webcast will also be available on Paylocity's website. The results will be preceded by a press release accessible in the investor relations section. Paylocity continues to provide cloud-based HR and payroll software solutions since its founding in 1997.
Paylocity Holding Corporation (PCTY) reported a strong second quarter for fiscal year 2021, with total revenue reaching $146.3 million, an 11% increase compared to the same period last year. Recurring and other revenue stood at $145.4 million, reflecting a 14% year-over-year growth. The company achieved a net income of $9.6 million, or $0.17 per share. For fiscal year 2021, Paylocity expects total revenue between $623.5 million and $628.5 million, indicating an 11%-12% growth compared to the previous year.
Paylocity Holding Corporation (Nasdaq: PCTY) announced a conference call to discuss its second quarter fiscal 2021 results on February 4, 2021, at 4:00 pm CT. Investors can listen to the call by dialing (855) 226-3021, with a conference ID of 2895946. The live webcast will also be available on their website. A press release with the company's results will be available prior to the call. Paylocity is a leading provider of cloud-based HR and payroll software solutions, recognized for its unique culture and user-friendly products.
Paylocity (NASDAQ: PCTY) announced its acquisition of Samepage, a team collaboration platform, on November 16, 2020. This acquisition aims to enhance Paylocity's HR and payroll software capabilities by integrating Samepage's tools for task management and real-time collaboration. By doing so, Paylocity is set to improve productivity and efficiency for remote workforces while providing modern solutions for communication and collaboration needs. This strategic move reflects Paylocity's commitment to delivering advanced human capital management solutions.
Paylocity Holding Corporation (PCTY) reported strong financial results for Q1 fiscal 2021, ending September 30, 2020. Total revenue rose by 7% year-over-year to $135.8 million, with recurring and other revenue increasing 11% to $134.9 million. Despite challenges from the COVID-19 pandemic, the company is gaining momentum in sales. The GAAP net income for the quarter was $12.5 million, or $0.22 per share. Looking ahead, PCTY projects Q2 revenue between $141 million and $145 million, indicating a growth of 7%-10% over the previous year.
Paylocity Holding Corporation (PCTY) will hold a conference call to discuss its Q1 fiscal 2021 results on November 5, 2020, at 4:00 PM Central Time. Interested participants can join the call by dialing (855) 226-3021 or accessing the live webcast at www.paylocity.com. A replay will be available post-call, with results also released beforehand on the company's investor relations page.
Paylocity (NASDAQ: PCTY) has launched its new touchless time clocks with thermal temperature scanning, enhancing workplace safety during the pandemic. This innovation allows for contactless time collection, addressing the challenges of maintaining social distancing. The clocks offer features like biometric fingerprint readers, facial recognition, and customizable employee attestations for monitoring wellness. CEO Steve Beauchamp emphasized that these advancements help organizations eliminate high-touch areas while boosting productivity. This addition complements Paylocity's existing time collection tools.
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