Paycom Software (PAYC) Tops Q3 EPS by 1c, Revenues Beat; Offers FY18 Revenue Outlook Above Consensus

Paycom Software (NYSE: PAYC) reported Q3 EPS of $0.52, $0.01 better than the analyst estimate of $0.51. Revenue for the quarter came in at $133.3 million versus the consensus estimate of $130.24 million.

• Third Quarter Revenues of $133.3 million, up 32% from comparable prior year period
• Third Quarter GAAP Net Income of $28.8 million, or $0.49 per diluted share, up 38% from comparable prior year period, as adjusted1
• Third Quarter Adjusted EBITDA of $49.2 million, up 22% from comparable prior year period, as adjusted1
• Third Quarter Non-GAAP Net Income of $30.6 million, or $0.52 per diluted share, up 32% from comparable year period, as adjusted1

“The digital transformation of the Human Capital Management industry continues to progress and organizations across virtually every industry are recognizing the power they gain in giving their employees a direct relationship with their HR and payroll software database,” said Paycom’s founder and CEO, Chad Richison. “I believe we are driving this transition for businesses and their employees and our ability to lead in this area is underscored by our strong third quarter results.”

GUIDANCE:

Paycom Software sees FY2018 revenue of $558.5-560.5 million, versus the consensus of $555.94 million.

For earnings history and earnings-related data on Paycom Software (PAYC) click here.

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