Paycor HCM, Inc. - PYCR STOCK NEWS

Paycor HCM reported strong Q1 FY2025 results with total revenues of $167.5 million, up 17% year-over-year, and recurring revenues of $154.0 million, up 16%. Operating loss improved 39% to $14.3 million, while adjusted operating income increased 43% to $22.8 million. The company launched Paycor Assistant, an AI-powered HR companion, and introduced the Paycor Integration Platform connecting to over 320 technology partners. For FY2025, Paycor projects revenues between $726.0-$733.0 million, representing 12% growth at the range's top end.

Paycor HCM (Nasdaq: PYCR) announced the launch of Paycor Assistant, an AI-powered HR companion designed to streamline HR operations. The new tool features intelligent search with a chat-like interface, HR document search and summarization capabilities, and an administrative dashboard for productivity tracking.

The assistant aims to reduce administrative tasks and enable leaders to focus on strategic objectives. Key features include contextual search for HR actions, generative AI-powered policy question answering, and customizable productivity metrics. The solution will be available to all customers in Spring 2025.

Paycor HCM (Nasdaq: PYCR) has secured multiple top 5 rankings in Sapient Insights Group's 27th Annual HR Systems Report for 2024-2025. The company achieved recognition in both User Experience and Vendor Satisfaction categories, particularly in the mid-market segment (500-4,999 employees). Notable rankings include top positions in Payroll solutions, HRMS, Onboarding, Performance management, and Recruiting solutions across mid-market and SMB segments. The report, which evaluated 274 technology solutions based on feedback from 3,318 HR professionals, highlighted Paycor's high-touch customer service model and intuitive solutions.

Paycor HCM (Nasdaq: PYCR) has launched its Integration Platform, designed to streamline connectivity between HCM software and third-party applications. The platform offers three key solutions: Paycor Marketplace with over 320 pre-built connectors, Developer Services for custom integrations, and Developer Tools including 140+ APIs. This launch addresses a critical market need, as research shows half of HR professionals use seven or more employment systems that are typically not integrated. The platform aims to enhance data accuracy, enable real-time availability, and provide enterprise-level system connectivity capabilities to mid-market companies.

Paycor HCM (Nasdaq: PYCR) has appointed Dru Armstrong to its Board of Directors, effective October 23, 2024. Armstrong, currently CEO of AffiniPay, brings over 20 years of technology sector experience and expertise in SaaS, embedded technology, and payment industries. She has been recognized as a Top 25 Women Leader in PE-Backed Software Companies for 2024 and featured in American Banker's 2024 Most Influential Women in Fintech list. Her appointment aims to strengthen Paycor's strategic growth and innovation in HCM solutions.

Paycor HCM, Inc. (Nasdaq: PYCR), a leading provider of human capital management (HCM) software, has announced the date for the release of its first quarter fiscal year 2025 financial results. The company will disclose its financial performance for the quarter ended September 30, 2024, after the U.S. financial markets close on Wednesday, November 6, 2024.

Following the release, Paycor will host a conference call and webcast presentation at 5:00 p.m. Eastern Time on the same day to discuss the results. Interested parties can access the conference call by dialing 1-877-407-4018 (domestic) or 1-201-689-8471 (international) using the access code 13748589. Additionally, a live webcast and replay of the event will be available on the Paycor Investor Relations website at investors.paycor.com.

Paycor HCM, Inc. (Nasdaq: PYCR) has unveiled innovative features to transform time-off management for the modern workforce. The new additions to Paycor's HCM platform aim to streamline operations through automation, real-time visibility, and proactive controls. Key benefits include:

1. Better Insights & Visibility: Seamless integration of time-off requests with scheduling, providing real-time visibility and enhanced productivity.

2. Faster Communication and Approvals: Time Off Advisor offers peak time visibility, automatic request approvals, and on-the-go management for leaders.

3. Prevent Burn-out: Paycor Paths provides training to recognize and prevent burnout, with easy access to time-off balances and requests.

These enhancements have earned Paycor several accolades, including awards from Brandon Hall Group and Titan Business Awards.

Paycor HCM, a leading provider of human capital management (HCM) software, has announced its inaugural Investor Day scheduled for Thursday, November 21, 2024 in New York City. The event will commence at 9:00 am Eastern Time and will be accessible via live webcast. Interested parties can view the event and access replays for a time through the "Events & Presentations" section on Paycor's investor relations website.

For those wishing to attend the Investor Day in person, Paycor has provided an email address (IR@paycor.com) for registration. This event marks a significant milestone for Paycor (Nasdaq: PYCR) as it seeks to engage with investors and showcase its business strategy and growth prospects.

Paycor HCM, Inc. (Nasdaq: PYCR) has promoted Tiffany Sieve to Chief Marketing Officer (CMO). Sieve, with over 10 years at Paycor, will focus on accelerating the company's path to $1 billion in revenue by enhancing brand awareness, demand generation, and customer retention. She joins Paycor's Executive Committee, reporting to CEO Raul Villar, Jr.

Sieve's achievements include increasing brand visibility through the Paycor Stadium naming rights partnership, optimizing Paycor.com, and launching the company's first customer conference, Connect+. She is also a co-founder of Paycor's Women's Inspiration Network and serves on boards of local organizations.