earnings
confidence high
sentiment positive
materiality 0.75
Paycom Q2 revenue up 10% to $531M, EPS beat; raises full-year outlook
Paycom Software, Inc.
- Total revenues $531.2M (+9.8% YoY); recurring revenue $505.2M (+11% YoY).
- GAAP diluted EPS $2.34 vs $1.58; non-GAAP diluted EPS $2.78 vs $2.06.
- Adjusted EBITDA $235M (44% of revenue) vs $198.3M last year.
- Repurchased 2.57M shares for $345.9M; paid $17.9M in dividends in Q2.
- CEO Chad Richison says results ahead of expectations; raising full-year outlook.