Paylocity Holding (PCTY) Tops Q1 EPS by 9c, Offers Q2 & FY Guidance

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Paylocity Announces First Quarter Fiscal Year 2016 Financial Results

November 5, 2015 4:48 PM EST

Q1 2016 Total Revenue of $45.1 million, up 45% year-over-year Q1 2016 Recurring Revenue of $42.9 million, up 45% year-over-year

ARLINGTON HEIGHTS, Ill., Nov. 5, 2015 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (Nasdaq: PCTY), a cloud-based provider of payroll and human capital management software solutions, today announced financial results for the first quarter of fiscal year 2016, which ended September 30, 2015.

"Fiscal 2016 is off to a very strong start, with first quarter total revenue growth of 45%. We continue to see strong demand for our unified payroll and HCM platform and are encouraged by the... More