Paycom Software (PAYC) Tops Q4 EPS by 2c; Guides Q1 Above the Street
Paycom Software (NYSE: PAYC) reported Q4 EPS of $0.10, $0.02 better than the analyst estimate of $0.08. Revenue for the quarter came in at $65.1 million versus the consensus estimate of $61.18 million.
GUIDANCE:
Paycom Software sees Q1 2016 revenue of $82-84 million, versus the consensus of $73.6 million.
"Our momentum continued in the fourth quarter of 2015, as our entire team came together to cap a remarkable year,” said Chad Richison, Paycom founder and CEO. “Our full-year revenue growth of 49 percent drove revenue to a record $225 million. This growth is a testament to the appeal of our market-leading solution, and also the efforts of our highly motivated sales force. We continue to believe we are in the early innings of a multiyear growth cycle, and have only just begun to leverage the opportunity to introduce our efficient, scalable and easy-to-use software to thousands of companies in our target segment. With our newly launched sales teams in 2014 and 2015 continuing to mature and our research and development growing, we are optimistic that 2016 will yield another year of success and innovation.”
For earnings history and earnings-related data on Paycom Software (PAYC) click here.
