FX.co ★ Paycom Software, Inc. Q2 Profit Increases, Beats Estimates

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.