secwatch.observer — SEC 8-K summary
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Issuer:     Paycom Software, Inc. (PAYC)
CIK:        0001590955
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0000950170-23-036450
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590955/000095017023036450/0000950170-23-036450-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590955/000095017023036450/payc-20230801.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-036450

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