Paylocity: Fiscal Q1 Earnings Snapshot
SCHAUMBURG, Ill. (AP) — SCHAUMBURG, Ill. (AP) — Paylocity Holding Corp. (PCTY) on Thursday reported fiscal first-quarter earnings of $34.5 million.
On a per-share basis, the Schaumburg, Illinois-based company said it had net income of 61 cents. Earnings, adjusted for one-time gains and costs, were $1.40 per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.
The provider of cloud-based payroll and human-resources software services posted revenue of $317.6 million in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $316.6 million.
For the current quarter ending in December, Paylocity said it expects revenue in the range of $322.5 million to $326.5 million.
The company expects full-year revenue of $1.41 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 PCTY at https://www.zacks.com/ap/PCTY
