Paycom Software, Inc.
Paycom Software, Inc. Reports Q2 2024 Financial Results
Summary
On July 31, 2024, Paycom Software, Inc. announced its financial results for the quarter ended June 30, 2024, reporting total revenues of $437.5 million, a 9.1% increase from the prior year. The company reported a GAAP net income of $68.0 million, or $1.20 per diluted share, and a non-GAAP net income of $92.0 million, or $1.62 per diluted share. Adjusted EBITDA was $159.7 million, representing 36% of total revenues. The company also provided financial guidance for the upcoming quarter and year. The financial results and guidance were furnished as Exhibit 99.1 to the 8-K filing.
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Exhibits (1)
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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
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