Paycom Software, Inc.PAYC
▲ PositiveCapitalrelevance
Q2 revenue and EPS beat estimates, guidance raised, and EBITDA forecast above consensus.
Impact on stocks 1
Cloud & Digital Infrastructure
Paycom Software, Inc.Paycom reported second-quarter revenue of $531.2 million, beating analyst estimates by 3.5% and sending shares up 7.2% to $187.50. Adjusted earnings per share of $2.78 exceeded consensus by 16.8%, while adjusted EBITDA of $235 million topped forecasts by 10.1%. The company raised its full-year revenue guidance midpoint to $2.20 billion and issued EBITDA guidance of $1.01 billion, above the $959.9 million analyst estimate. Billings rose 9.4% year on year to $530 million, and the operating margin expanded to 31.7% from 23.2% a year earlier.
Paycom Software, Inc.Q2 revenue and EPS beat estimates, guidance raised, and EBITDA forecast above consensus.