Paycom Software Inc
PAYC
ISIN US70432V1026 / Valor 23940068
Paycom Software Inc
UMushroom community rating:
About company
Paycom Software Inc. is a prominent provider of online payroll and human resource technology, distinguished by its use of a single-database software platform. This approach enables the company to offer a comprehensive suite of HR tools and services, including payroll processing, talent acquisition, HR management, time and labor management, and talent management. Paycom's commitment to data security and privacy is evidenced by its attainment of multiple ISO and SOC certifications, underscoring the rigor of its information security, privacy management, business continuity, and quality management systems. The company's security measures include two-step verification via text messaging and support for Single Sign-On (SSO) through SAML 2.0, enhancing the protection of customer data. As a leader in the field, Paycom's technology solutions are designed to streamline HR processes, improve compliance, and enhance the overall efficiency of businesses managing their workforce.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (14.08.2024):
Revenue Growth
Paycom Software Inc. reported total revenues of $437.5 million for the second quarter of 2024, marking a 9.1% increase compared to the same period last year. Recurring revenues, which constituted 98.4% of total revenues, also saw a 9.1% increase, reaching $430.4 million.
Net Income
For the second quarter of 2024, Paycom Software Inc. achieved a GAAP net income of $68.0 million, or $1.20 per diluted share. This represents a slight increase from the GAAP net income of $64.5 million, or $1.11 per diluted share, reported in the same period last year.
Non-GAAP Earnings
Paycom Software Inc.'s non-GAAP net income for the second quarter of 2024 was $91.8 million, or $1.62 per diluted share. This is a slight decrease from the non-GAAP net income of $94.3 million, or $1.62 per diluted share, reported in the same period last year.
Adjusted EBITDA
In the second quarter of 2024, Paycom Software Inc. reported an adjusted EBITDA of $159.7 million, which represents 36% of total revenues. This is a modest increase from the adjusted EBITDA of $156.6 million reported in the same period last year.
Financial Outlook
Paycom Software Inc. has provided financial guidance for the third quarter and full year of 2024. For the quarter ending September 30, 2024, the company expects total revenues to range between $444 million and $449 million, with adjusted EBITDA between $155 million and $159 million. For the full year ending December 31, 2024, total revenues are expected to range from $1.860 billion to $1.875 billion, with adjusted EBITDA between $727 million and $737 million.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
13090 M
Market cap (USD)
111,185
Daily traded volume (Shares)
227.42 / 221.25
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
Vladimir Jovicic
Igor Jovicic
Luba Schoenig
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