Paycom Software, Inc.
Paycom Software Reports Strong Q1 2024 Results
Summary
Paycom Software, Inc. announced its financial results for the first quarter of 2024, reporting total revenues of $500 million, an 11% increase from the same period last year. The company achieved GAAP net income of $247 million, or $4.37 per diluted share, and non-GAAP net income of $147 million, or $2.59 per diluted share. The results also included an increase in adjusted EBITDA to $230 million. The company provided financial guidance for the second quarter and full year 2024, anticipating continued growth.
Profitelligence Alerts
Get alerts for PAYC
Be first to know when Paycom Software, Inc. files with the SEC.
Filing Categories
Exhibits (1)
Advertisement
About Paycom Software, Inc.
Paycom Software, Inc. is a leading provider of cloud-based human capital management (HCM) software solutions that serve businesses of various sizes across multiple industries. Paycom's primary purpose is to streamline and automate the complex processes involved in human resources and payroll management. The software suite encompasses a broad range of functionalities, including talent acquisition, personnel management, payroll administration, and benefits management, offering businesses a comprehensive platform to manage their workforce efficiently. With its innovative technology, Paycom has impacted several sectors, notably in healthcare, education, and retail, by enhancing employee engagement and ensuring regulatory compliance. Founded in 1998 and headquartered in Oklahoma City, Paycom is recognized for its user-friendly interface and ability to integrate seamlessly with existing enterprise systems, making it a pivotal player in modernizing HR operations in today's digital economy.
Official SEC Documents
Advertisement