Thu, Aug 4, 2022 6:02 PM
STATS Perform dba Automated Insights
SCHAUMBURG, Ill. (AP) _ Paylocity Holding Corp. (PCTY) on Thursday reported fiscal fourth-quarter profit of $15.1 million.
On a per-share basis, the Schaumburg, Illinois-based company said it had profit of 27 cents. Earnings, adjusted for stock option expense and amortization costs, came to 80 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The provider of cloud-based payroll and human-resources software services posted revenue of $228.9 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $217.7 million.
For the year, the company reported profit of $90.8 million, or $1.61 per share. Revenue was reported as $852.7 million.
For the current quarter ending in October, Paylocity said it expects revenue in the range of $237.3 million to $241.3 million.
The company expects full-year revenue of $1.09 billion.