Paycom Software (PAYC) Reports In-Line Q2 EPS

Paycom Software (NYSE: PAYC) reported Q2 EPS of $0.62, in-line with the analyst estimate of $0.62. Revenue for the quarter came in at $181.6 million versus the consensus estimate of $183.88 million.

“The second quarter was very strong from a new business perspective, which positions Paycom very well to deliver long-term revenue growth and market share gains,” said Paycom’s founder and CEO, Chad Richison. “We are executing well in these challenging times and demand for our solutions has never been greater. I am very pleased with the performance of our deliberate investments in sales and marketing and product development, which continue to fuel the digital transformation of the Human Capital Management market.”

GUIDANCE:

Paycom Software sees Q3 2020 revenue of $191-193 million, versus the consensus of $191.4 million.

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

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