Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Paycom Software Inc. reported its fourth-quarter earnings for 2024, revealing an adjusted earnings per share (EPS) of $2.32, surpassing analysts' expectations of $1.97. The company's total revenue for the quarter was $493.8 million, exceeding the estimated $480.81 million. This represents a 13.6% increase from $434.6 million in the same period last year. Recurring and other revenues accounted for $464.8 million, marking a 14.5% increase year-over-year and constituting 94.1% of total revenues. For the full year, Paycom achieved a revenue of $1.88 billion, reflecting an 11.2% growth compared to the previous year. The company has guided for double-digit revenue growth in the upcoming quarters, supported by a record EBITDA margin of 41%.
Paycom Software, $PAYC, Q4 2024. Results: 📊 Adj. EPS: $2.32 🟢 💰 Revenue: $493.8M 🟢 🔎 Paycom achieved record revenue growth driven by strong recurring revenue and solution automation, with full-year revenue reaching $1.88B (+11.2% YoY).
Paycom: $PAYC Another quarter of solid execution—beat on revenue and EBITDA, maintaining strong client retention and guided towards double digit revenue growth in Q2 and each quarter after. Guide also has highest ever starting EBITDA margin at 41%. Best in class. Still has… https://t.co/X2d96i3fGr
$PAYC Earnings: -Total Revenues of $493.8 million represented a 13.6% increase compared to total revenues of $434.6 million in the same period last year. Recurring and other revenues of $464.8 million increased 14.5% from the comparable prior year period and constituted 94.1% of… https://t.co/1r4asgu7JP
