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 (PCTY) has launched Community Plus, enhancing its online collaboration hub to improve employee engagement and retention in the evolving work landscape. This new feature set allows for real-time communication, file sharing, and better team connectivity, aimed at addressing employee expectations in remote and hybrid environments. Since launching Community, Paylocity has seen a 56% increase in engagement metrics and 500% growth in peer recognition. These features are designed to aid businesses in tackling workforce challenges, particularly in the context of The Great Resignation.
Paylocity Holding Corporation (PCTY) has announced its upcoming conference call to discuss its third-quarter fiscal 2022 results, scheduled for May 5th, 2022, at 4:30 p.m. Central Time. Investors and analysts can join the call by dialing the provided numbers or listening via the live webcast on Paylocity's official website. A press release detailing the company's performance will be published ahead of the call, accessible in the investor relations section.
Paylocity (NASDAQ: PCTY) has announced key executive changes, promoting Toby Williams to President and Co-CEO, while Ryan Glenn becomes CFO. Steve Beauchamp remains as Co-CEO and board member. Williams, who has been with the company since 2017, emphasizes a commitment to growth and maintaining a strong workplace culture for over 4,500 employees. Michael Haske, a long-time executive, will step down in September 2022 after 15 years at the company. The press release highlights ongoing investments in technology and service improvements, aiming for continued market expansion.
Paylocity announced a strong performance in Q2 2022, reporting total revenue of $196.0 million, up 34% year-over-year. Recurring revenue also increased to $195.0 million, demonstrating consistent growth. GAAP net income stood at $9.9 million or $0.17 per share, with non-GAAP adjusted EBITDA reaching $46.6 million.
The company completed the acquisition of Cloudsnap, enhancing integration capabilities, and projects 30% revenue growth for Q3 2022, with guidance for total fiscal 2022 revenue between $829.0 million and $834.0 million.
Paylocity (PCTY) announced the acquisition of Cloudsnap Inc., aimed at enhancing integration solutions for HR and payroll functions. Cloudsnap's low-code platform will streamline data exchanges between various business applications, reducing manual processes and inefficiencies. This acquisition is expected to improve the user experience by automating data flows across systems like HR and finance. Paylocity anticipates no significant financial impact on its results for Q3 and fiscal 2022. The acquisition is part of Paylocity's commitment to modernizing workforce solutions.
Paylocity Holding Corporation (Nasdaq: PCTY) has announced a conference call to discuss its second quarter fiscal 2022 results, scheduled for February 3rd at 4:30 pm Central Time. Investors can join via phone or listen to a live webcast. The company will also issue a press release highlighting its results before the call. Paylocity, based in Schaumburg, IL, specializes in cloud-based HR and payroll software solutions, aiming to help organizations create better workplaces through innovative technology.
Fidelity Investments has integrated payroll capabilities with Paylocity to enhance the Fidelity Advantage 401(k) pooled employer plan. This integration aims to automate contributions and reduce administrative burdens for small- and mid-sized businesses, allowing more employees to access retirement plans. Approximately 57 million private sector workers lack employer-sponsored retirement access, a gap that this initiative seeks to close. The collaboration promotes efficiency, thereby improving employee benefits offerings, and addresses the urgent need for better retirement preparedness among workers.
Paylocity Holding Corporation (Nasdaq: PCTY) reported strong financial results for Q1 2022, with total revenue of $181.7 million, up 34% year-over-year. Recurring revenue reached $180.8 million, marking a similar 34% increase. GAAP net income was $30.9 million or $0.55 per share. The company has $69.6 million in cash and equivalents, although cash flow from operations decreased to ($4.1) million. Looking ahead, Q2 2022 revenue is projected between $185.5 million to $189.5 million, while FY 2022 revenue is expected at $815 million to $820 million.
Paylocity Holding Corporation (PCTY) has scheduled a conference call for November 4, 2021, at 4:30 PM CT to discuss its Q1 fiscal 2022 results. Investors can participate by calling (855) 226-3021 or (315) 625-6892, with a conference ID of 9393553. A live webcast will be available at www.paylocity.com. An advanced press release will be issued ahead of the call, accessible in the investor relations section of the company’s website.
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