Paylocity Holding (PCTY) Tops Q3 EPS by 7c, Offers Q4 Guidance

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Paylocity Announces Third Quarter Fiscal Year 2016 Financial Results

May 5, 2016 4:10 PM EDT

Q3 2016 Total Revenue of $70.6 million, up 49% year-over-yearQ3 2016 Recurring Revenue of $67.1 million, up 53% year-over-year

ARLINGTON HEIGHTS, Ill., May 05, 2016 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (Nasdaq: PCTY), a cloud-based provider of payroll and human capital management software solutions, today announced financial results for the third quarter of fiscal year 2016, which ended March 31, 2016.

We posted a strong quarter with revenue growth of 49%, driven by a combination of strong year-to-date sales performance combined with high penetration rates of our ACA Enhanced product in our existing client base, said Steve... More