ADVERTISEMENT

Paycom: Q1 Earnings Snapshot

May 3, 2022 GMT

OKLAHOMA CITY (AP) _ Paycom Software Inc. (PAYC) on Tuesday reported first-quarter net income of $91.9 million.

The Oklahoma City-based company said it had profit of $1.58 per share. Earnings, adjusted for one-time gains and costs, came to $1.90 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.76 per share.

The maker of human-resources and payroll software posted revenue of $353.5 million in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $343.3 million.

For the current quarter ending in July, Paycom said it expects revenue in the range of $308 million to $310 million.

The company expects full-year revenue in the range of $1.33 billion to $1.34 billion.

_____

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