Paylocity Holding (PCTY) Tops Q2 EPS by 11c; Guides Above the Street

Paylocity Holding (NASDAQ: PCTY) reported Q2 EPS of $0.08, $0.11 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $55.2 million versus the consensus estimate of $48.63 million.

GUIDANCE:

Paylocity Holding sees Q3 2016 EPS of $0.13-$0.15, versus the consensus of $0.12. Paylocity Holding sees Q3 2016 revenue of $66.5-67.5 million, versus the consensus of $64.53 million.

Paylocity Holding sees FY2016 EPS of $0.18-$0.19, versus the consensus of $0.07. Paylocity Holding sees FY2016 revenue of $223-225 million, versus the consensus of $212.6 million.

“The second quarter was our strongest as a public company, including total revenue growth of 61%. The record growth we saw in the second quarter was a result of the strong performance from our sales team as well as the impact of our ACA Enhanced product for new and existing clients,” said Steve Beauchamp, President and Chief Executive Officer of Paylocity. “We continue to be very pleased with the response our ACA solution has received, which is a testament to our sustained investment in R&D as well as the dedication of our client operations team.”

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

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