Paycom Software, Inc. (PAYC) posted notable earnings for its second quarter, demonstrating growth compared to the same quarter last year and surpassing analyst expectations.
The company reported earnings of $67.97 million or $1.20 per share, compared to $64.52 million or $1.11 per share in the corresponding period of the previous year.
When excluding special items, Paycom Software, Inc. achieved adjusted earnings of $91.84 million or $1.62 per share for the second quarter.
On average, analysts had projected earnings of $1.60 per share, based on data aggregated by Thomson Reuters. Notably, analyst projections generally exclude one-time items.
The company's quarterly revenue increased by 9.1%, rising to $437.51 million from $401.14 million in the same quarter last year.
A concise summary of Paycom Software, Inc.'s second-quarter earnings (GAAP) is as follows:
- Earnings (Q2): $67.97 million, up from $64.52 million last year.
- EPS (Q2): $1.20, up from $1.11 last year.
- Revenue (Q2): $437.51 million, up from $401.14 million last year.
### Guidance
- Revenue guidance for the next quarter: $444 - $449 million.
- Full-year revenue guidance: $1.860 - $1.875 billion.
