secwatch.observer — SEC 8-K summary
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Issuer:     Paycom Software, Inc. (PAYC)
CIK:        0001590955
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0000950170-23-016670
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Paycom Q1 revenue up 28% to $452M, GAAP EPS $2.06, initiates $1.50 annual dividend
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- Q1 2023 revenue $451.6M (+28% YoY); recurring revenue $444.4M (98.4% of total).
- GAAP net income $119.3M ($2.06 diluted EPS); non-GAAP net income $142.7M ($2.46 diluted EPS).
- Adjusted EBITDA $220.5M (49% margin) vs $170.1M in prior year.
- Board approved initial cash dividend policy: $0.375 quarterly ($1.50 annual); first payment expected mid-June subject to approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590955/000095017023016670/0000950170-23-016670-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590955/000095017023016670/payc-20230502.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-016670

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer