Paylocity Holding Corp

Latest Results (18.12.2024):

Revenue Growth

In the first quarter of fiscal year 2025, Paylocity Holding Corp reported a total revenue of $363.0 million, marking a 14% increase compared to the first quarter of fiscal year 2024. This growth reflects the company's strong market position and the increasing demand for its modern software solutions.

Operating Income

Paylocity Holding Corp's GAAP operating income for the first quarter of fiscal year 2025 was $64.1 million, while the non-GAAP operating income reached $104.9 million. This represents a significant improvement from the previous year's first quarter, where GAAP operating income was $41.2 million and non-GAAP operating income was $86.9 million.

Net Income

The company reported a GAAP net income of $49.6 million, or $0.88 per share, for the first quarter of fiscal year 2025. This is an increase from the $34.5 million, or $0.61 per share, reported in the first quarter of fiscal year 2024, indicating enhanced profitability.

Adjusted EBITDA

Paylocity Holding Corp's adjusted EBITDA for the first quarter of fiscal year 2025 was $129.0 million, compared to $104.9 million in the same quarter of the previous year. Excluding interest income on funds held for clients, the adjusted EBITDA was $99.2 million, up from $79.0 million in the first quarter of fiscal year 2024.

Business Outlook

For the second quarter of fiscal year 2025, Paylocity Holding Corp expects recurring and other revenue to range between $337.5 million and $342.5 million, representing approximately 14% growth over the previous year's second quarter. The company also anticipates total revenue to be between $364.0 million and $369.0 million, with adjusted EBITDA expected to range from $116.0 million to $120.0 million.