Paylocity Holding (PCTY) Tops Q2 EPS by 11c

February 4, 2021 4:36 PM EST
Get Alerts PCTY Hot Sheet
Price: $188.72 -0.19%

Today's EPS Names:
JFIN, JKS, More
Trade Now! 
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

Paylocity Holding (NASDAQ: PCTY) reported Q2 EPS of $0.36, $0.11 better than the analyst estimate of $0.25. Revenue for the quarter came in at $146.3 million versus the consensus estimate of $143.45 million.

“Despite the challenges of the COVID-19 pandemic, we had a strong second quarter, with 14% growth in recurring & other revenue and 11% total revenue growth. The momentum our sales team developed during the Fall selling season translated into a strong January, and we continue to be pleased with how our team is performing in a virtual selling environment. We also remain excited about our product momentum in delivering the most modern platform. Our recent acquisition of Samepage, an all-in-one team collaboration solution, is another recent proofpoint,” said Steve Beauchamp, Chief Executive Officer of Paylocity.

GUIDANCE:

Paylocity Holding sees Q3 2021 revenue of $182.5-186.5 million, versus the consensus of $188.66 million.

Paylocity Holding sees FY2021 revenue of $623.5-628.5 million, versus the consensus of $626.93 million.

For earnings history and earnings-related data on Paylocity Holding (PCTY) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings, Guidance

Related Entities

Earnings, Definitive Agreement