Paylocity Holding (NASDAQ: PCTY) reported Q4 EPS of $0.32, $0.19 better than the analyst estimate of $0.13. Revenue for the quarter came in at $130.6 million versus the consensus estimate of $126.58 million.

• Q4 2020 Recurring & Other Revenue of $129.3 million, up 13% year-over-year
• Q4 2020 Total Revenue of $130.6 million, up 8% year-over-year
• FY 2020 Recurring & Other Revenue of $546.2 million, up 22% year-over-year
• FY 2020 Total Revenue of $561.3 million, up 20% year-over-year

“We had a solid fiscal 2020, which included 22% recurring and other revenue growth and a very strong year for our sales team, despite the impact COVID-19 had on macro-economic conditions in the fourth quarter,” said Steve Beauchamp, Chief Executive Officer of Paylocity. “I’m proud of the dedication our employees showed in helping our clients navigate through a very uncertain time, coupled with a rapidly changing legislation landscape. We continue to see our commitment to product development pay dividends, with usage of our Learning Management and Community products up significantly during the fourth quarter. We also recently released a number of new product features and resources to help prospects and clients rethink how they recruit, rehire and engage their workforce in this new environment.”

GUIDANCE:

Paylocity Holding sees Q1 2021 revenue of $131.5-135.5 million, versus the consensus of $134.47 million.

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