Paycor HCM, Inc. - PYCR STOCK NEWS

Paycor HCM, Inc. (Nasdaq: PYCR) reported strong financial results for Q4 and fiscal year 2024. Q4 total revenues increased 18% year-over-year to $164.8 million, with recurring revenues up 17% to $150.5 million. For FY'24, total revenues grew 19% to $654.9 million. The company expanded operating margins while investing in software differentiation and customer experience.

Despite growth, Paycor reported a Q4 net loss of $18.3 million, an improvement from the $29.4 million loss in Q4 FY'23. Adjusted operating income for Q4 was $25.0 million, up from $15.4 million year-over-year. For FY'25, Paycor projects revenue guidance of $722.0 - $729.0 million, representing up to 11% growth.

Paycor HCM, Inc. (Nasdaq: PYCR) has launched Paycor Compensation Management, a new solution designed to streamline compensation planning and enhance employee engagement. This tool aims to reduce manual work, provide pay transparency, and offer Total Reward statements. Key features include:

- Insights into pay benchmarking, benefits, perks, and career development
- Budget management and pay cycle tools
- Future view analytics for assessing proposed pay changes
- Flexible configuration options for budgeting and reward approvals

The solution addresses the critical role of compensation in employee retention, as highlighted by Paycor's recent survey of over 7,000 professionals. It empowers leaders to make informed decisions and communicate effectively about compensation with both candidates and current employees.

Paycor HCM, Inc. (Nasdaq: PYCR), a leading provider of human capital management (HCM) software, has announced the date for the release of its fourth quarter and fiscal year 2024 financial results. The company will disclose its financial performance for the period ended June 30, 2024, after the U.S. financial markets close on Wednesday, August 14, 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) with the access code 13741612. Additionally, a live webcast and replay of the event will be available on the Paycor Investor Relations website at investors.paycor.com.

Paycor (Nasdaq: PYCR) has released a new report titled 'HR in 2025: Insights & Predictions,' based on a survey of over 7,000 professionals. This report outlines key trends and predictions that are expected to shape the human resources landscape in the coming year. Nearly 46% of HR professionals are new to their roles, having been in their positions for two years or less. Employees with shorter tenures are more likely to look for new opportunities, making robust onboarding and HR programs critical. Effective leadership, supported by strong HR practices, significantly boosts employee engagement and retention. The survey also highlights that hybrid workers are the most engaged, followed by onsite workers, with remote workers being the least engaged. Companies using Paycor tools show higher retention and confidence in meeting recruiting goals in the next 12 months.

Paycor HCM, a prominent provider of human capital management (HCM) software, will present at the BMO Virtual Software Conference on June 10, 2024. The event will start at 11:30 am Eastern Time and will be available for live webcast and replay for a time on Paycor's investor relations website.

Paycor HCM, a leading HCM software provider, announced its management will present at three upcoming investor conferences. The events include the J.P. Morgan Global Technology, Media and Communications Conference in Boston on May 20, 2024, the William Blair Growth Stock Conference in Chicago on June 5, 2024, and the Baird Global Consumer, Technology and Services Conference in New York on June 5, 2024. Webcasts for these presentations will be available live and for replay on Paycor’s investor relations website.

Paycor HCM, Inc. (Nasdaq: PYCR) announced third-quarter fiscal year 2024 financial results with total revenues of $187.0 million, a 16% increase year-over-year. Recurring revenue reached $172.0 million, up by 14% year-over-year. The FY'24 revenue guidance stands at $650 - $652 million, marking an 18% increase year-over-year at the top end of the range. Paycor's CEO highlighted the company's strong performance driven by HCM software solutions and strategic investments. The company aims to capitalize on the growing Cloud-based HCM market for long-term growth and profitability.

Paycor HCM, Inc. (Nasdaq: PYCR) announced the launch of COR Space and Paycor Skills to drive high business performance by enhancing team collaboration and addressing skills gaps. COR Space enables cross-functional collaboration and task completion on a centralized platform, while Paycor Skills leverages AI to manage workforce skills effectively. These tools aim to increase productivity, employee engagement, and overall performance.

Paycor HCM, Inc. (PYCR) wins 2024 HR Tech Awards in four categories, showcasing its exceptional talent management and Core HCM solutions for midsize businesses, industry-specific needs, and talent intelligence. The company's high adoption rates and industry expertise set it apart from competitors.