Welcome to our dedicated page for Paycor HCM news (Ticker: PYCR), a resource for investors and traders seeking the latest updates and insights on Paycor HCM stock.
Paycor HCM, Inc. (Nasdaq: PYCR) is a leading provider of payroll and human capital management (HCM) solutions, primarily serving small and midsize clients across the United States. Paycor operates on a software-as-a-service (SaaS) model, offering a comprehensive suite of HCM tools that streamline and enhance people management processes. The company's platform includes core payroll functionality, talent management, time and attendance software, third-party integration capabilities, and industry-specific configurations, making it a versatile solution for a variety of businesses.
Targeting organizations with 10 to 1,000 employees, Paycor's customer base exceeded 30,000 as of June 2023. This substantial customer base underscores the firm's reliability and effectiveness in aiding businesses to manage their human resources efficiently. Paycor's platform not only modernizes recruiting, onboarding, and payroll but also focuses on career development and retention, creating a holistic approach to HCM.
In recent news, Paycor announced a significant 20% year-over-year revenue growth for the second quarter of fiscal year 2024, ending December 31, 2023. This growth was driven by successful up-market expansion and increased adoption of their Embedded HCM Solution. The company also reported improvements in operational margins, reflecting effective cost management alongside strategic investments in analytics and talent development tools.
Paycor's commitment to customer-centric innovation was showcased during their inaugural customer conference, Paycor Connect+ 2024, held in Cincinnati. The event focused on equipping business leaders with the knowledge and tools necessary to navigate evolving HR landscapes, featuring over 30 educational sessions, insightful keynote speakers, and networking opportunities.
Looking ahead, Paycor continues to innovate with new product releases like COR Space and Paycor Skills, which are designed to enhance cross-functional collaboration and address skills gaps within organizations. These tools leverage artificial intelligence to streamline communication and manage workforce skills, thus boosting productivity and reducing recruitment costs.
With a robust platform and a forward-thinking approach, Paycor remains a significant player in the HCM industry, continuously evolving to meet the needs of its clients and drive business success.
Paycor HCM, a top provider of human capital management software, has been named the official HR software provider for the Pac-12 Football Championship Game and other Pac-12 sporting events. This long-term partnership aims to enhance Paycor's brand visibility and includes collaboration on leadership initiatives and social justice donations linked to touchdowns scored during the season. Major events include the Pac-12 Men's and Women's Basketball Tournaments in March and the Baseball Tournament debut in May. Paycor joins several prominent brands as a partner of the Pac-12.
Paycor HCM, Inc. (NASDAQ: PYCR) announced the release of its financial results for the second quarter of fiscal year 2022, which ended on December 31, 2021. The results will be available after market close on February 3, 2022. Following this, a conference call and webcast will be held at 5:00 p.m. Eastern Time on the same day to discuss the financial results. Paycor specializes in Human Capital Management software, serving over 28,000 customers with a focus on business leaders and providing powerful analytics and personalized support.
Paycor HCM, Inc. (NASDAQ: PYCR) announced participation of CEO Raul Villar and CFO Adam Ante in the 24th Annual Needham Virtual Growth Conference on January 11, 2022, at 2:45 p.m. Eastern Time. This significant event will showcase the company's advancements in Human Capital Management (HCM) software, tailored for business leaders. The presentation will be available for replay on Paycor’s investor relations website. With over 28,000 customers, Paycor offers innovative solutions for recruiting, onboarding, and managing associates, focused on saving time and providing actionable insights.
CINCINNATI, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Paycor HCM, Inc. (NASDAQ: PYCR) announced that CEO Raul Villar and CFO Adam Ante will present at the Raymond James Technology Investors Conference on December 7, 2021, at 8:50 a.m. ET. The presentation will be available for replay on Paycor’s investor relations website, highlighting the company's commitment to providing advanced Human Capital Management solutions to over 28,000 customers.
Paycor HCM, Inc. (Nasdaq: PYCR) unveiled a new feature in its Paycor Analytics tool, which offers predictive analysis on employee turnover. This functionality assists HR and business leaders in identifying at-risk employees and understanding factors driving potential resignations. A Gallup study indicates over 50% of employees are seeking new roles, highlighting the need for tools to mitigate turnover. The predictive metrics allow for data-driven discussions focused on retention strategies. Paycor's partnership with Visier enhances this offering, marking a significant advancement in workforce analytics.
Paycor HCM, Inc. (NASDAQ: PYCR) reported impressive Q1 fiscal 2022 results, with total revenue increasing to $92.7 million, a 17% year-over-year growth. Recurring revenue reached $92.4 million, marking an 18% increase. However, the company faced an operating loss of $52.3 million compared to $21.5 million in the prior year. The adjusted operating income stood at $3.4 million, down from $12.7 million. Looking ahead, Paycor expects Q2 revenues between $99.0 million and $100.0 million and aims for fiscal 2022 revenues of $402.0 million to $406.0 million.
Paycor HCM, Inc. (Nasdaq: PYCR) will release its financial results for the first quarter of fiscal 2022 on November 9, 2021, after market close. The results will cover the period ended September 30, 2021. A conference call and webcast will be held the same day at 5:00 p.m. ET for discussion of these results. Interested participants can join by dialing (855) 327-6837 domestically or (631) 891-4304 internationally. A live webcast will also be accessible on Paycor’s Investor Relations website.
Paycor HCM, Inc. (NASDAQ: PYCR) announced the pricing of a public offering of 12,000,000 shares at $32.00 each by selling stockholders. The underwriters have a 30-day option to purchase an additional 1,800,000 shares. The offering is expected to close on October 19, 2021, subject to customary conditions. Paycor will not receive any proceeds from this sale. Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC lead the offering, alongside several other firms. The offering is conducted under an effective registration statement with the SEC.
Paycor HCM, Inc. (NASDAQ: PYCR) has announced a public offering of 12,000,000 shares of common stock by selling stockholders, with a potential additional 1,800,000 shares available through underwriters. The offering is subject to market conditions and Paycor will not receive any proceeds from it. Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are joint book-running managers for the offering. A registration statement has been filed with the SEC but is not yet effective, meaning shares cannot be sold until it is approved.
Paycor HCM has appointed Swati Garodia as the new Chief Strategy Officer. Charged with identifying future growth opportunities, her role will focus on market segmentation, geographic expansion, and strategic partnerships. Swati brings a wealth of experience from Thomson Reuters and a track record in B2B software. CEO Raul Villar, Jr. expressed excitement over her addition, emphasizing her potential to refine Paycor's strategy in the evolving HR technology landscape. Paycor aims to lead in this sector post-Covid-19, supported by a robust product portfolio.
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