Paycom Q2 revenues $401M (+27% YoY); non-GAAP EPS $1.62 vs $1.26 YoY

Paycom Software, Inc.

2023-Q2 EPS reported $3.17 revenue$852,776,000

Total revenues of $401.1M, up 26.6% YoY; recurring revenues of $394.5M (98.4% of total).
GAAP net income $64.5M ($1.11/diluted share); non-GAAP net income $94.3M ($1.62/diluted share).
Adjusted EBITDA $156.6M, a 39% margin vs 37.7% in prior year period.
Cash and equivalents $536.5M, up from $400.7M at year-end 2022; paid $21.7M in dividends.
CEO cites strong demand and expansion of TAM to larger organizations with foreign employees.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Paycom Software, Inc. reported the quarter ended June 30, 2023 results: revenue $401.1 million, net income $64.5 million, EPS $1.11 per diluted share.

Period: the quarter ended June 30, 2023
Revenue: $401.1 million
Net income: $64.5 million
EPS: $1.11 per diluted share
Result: reported results

Exact text from the filing

Paycom Software, Inc. Reports Second Quarter 2023 Results Second Quarter Revenues of $401 million, up 27% from the comparable prior year period Second Quarter GAAP Net Income of $65 million, representing 16% of total revenues, or $1.11 per diluted share

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Source: SEC EDGAR

accession 0000950170-23-036450

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