Paycom: Q2 Earnings Snapshot

August 2, 2022 GMT

OKLAHOMA CITY (AP) _ Paycom Software Inc. (PAYC) on Tuesday reported second-quarter earnings of $57.4 million.

On a per-share basis, the Oklahoma City-based company said it had profit of 99 cents. Earnings, adjusted for one-time gains and costs, were $1.26 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.

The maker of human-resources and payroll software posted revenue of $316.9 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $309.2 million.

For the current quarter ending in October, Paycom said it expects revenue in the range of $327 million to $329 million.

The company expects full-year revenue in the range of $1.35 billion to $1.36 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PAYC at https://www.zacks.com/ap/PAYC