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Recap: Paycom Software Q2 Earnings

Benzinga Insights

Shares of Paycom Software (NYSE:PAYC) decreased 5.78% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 17.33% year over year to $0.62, which missed the estimate of $0.63.

Revenue of $181,587,000 higher by 7.25% year over year, which missed the estimate of $183,060,000.

Guidance

Paycom Software hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Aug 04, 2020

View more earnings on PAYC

Time: 05:00 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.paycom.com%2Fevents%2Fdefault.aspx&eventid=2403826&sessionid=1&key=C4953C8DA74F754A97FD2D937FE68EFA&regTag=&sourcepage=register

Technicals

Company's 52-week high was at $342.00

Company's 52-week low was at $163.42

Price action over last quarter: Up 6.30%

Company Overview

Paycom Software is a fast-growing provider of cloud-based human capital management applications. The company's full suite is delivered via the web and includes features such as talent acquisition, time and labor management, payroll, talent management, and HR management. More than 99% of revenue is recurring, with the balance tied to customer implementations and service. At the end of 2014 Paycom's client base reached 12,000, and it stored data on more than 1.6 million persons employed by its clients.

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