Paylocity Holding Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024
May 03, 2024 at 01:35 am IST
Share
Paylocity Holding Corporation reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported revenue was USD 401.28 million compared to USD 339.86 million a year ago. Net income was USD 85.31 million compared to USD 57.62 million a year ago. Basic earnings per share from continuing operations was USD 1.51 compared to USD 1.03 a year ago. Diluted earnings per share from continuing operations was USD 1.5 compared to USD 1.02 a year ago.
For the nine months, revenue was USD 1,045.23 million compared to USD 866.15 million a year ago. Net income was USD 157.95 million compared to USD 103.57 million a year ago. Basic earnings per share from continuing operations was USD 2.81 compared to USD 1.86 a year ago. Diluted earnings per share from continuing operations was USD 2.77 compared to USD 1.83 a year ago.
Paylocity Holding Corporation is a cloud-based provider of human capital management (HCM) and payroll software solutions. The Companyâs services are provided in a software-as-a-service (SaaS) delivery mode. Its HCM and payroll software solutions deliver a unified platform for the modern workplace. It offers a product suite that helps businesses attract and retain talent, build culture and connections with their employees and streamline and automate Human Resources (HR) and payroll processes. The Company's product suite comprises payroll, human resources, time & labor, talent, benefits, employee experiences, insights & recommendations, implementation and training services and tax and regulatory services. Its software solutions offer its clients automated data integration with third-party partner systems in its Integration Marketplace, such as 401(k), benefits and insurance provider systems. It provides its SaaS solutions to approximately 36,200 clients across the United States.
PAYLOCITY HOLDING CORPORATION 
