earnings
confidence high
sentiment positive
materiality 0.75
Paylocity Q2 FY2022 revenue up 34% to $196M; GAAP EPS $0.17; acquires Cloudsnap for $50M
Paylocity Holding Corp
2022-Q2 EPS reported
$0.72
revenue$377,734,000
- Total revenue $196.0M, up 34% YoY; recurring & other revenue $195.0M, also up 34%.
- GAAP net income $9.9M ($0.17 diluted EPS); Non-GAAP operating income $36.6M.
- Adjusted EBITDA $46.6M; cash from operations $31.0M vs $21.2M a year ago.
- Completed Cloudsnap acquisition in Jan 2022; borrowed $50M under credit facility to fund it.
- No long-term debt as of Dec 31, 2021; cash and equivalents $84.1M.