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.