secwatch.observer — SEC 8-K summary
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Issuer:     Paylocity Holding Corp (PCTY)
CIK:        0001591698
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001591698-23-000061
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Paylocity Q3 FY2023 recurring revenue up 28% to $314.2M; GAAP EPS $1.02
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- Q3 FY2023 recurring & other revenue $314.2M, up 28% YoY; total revenue $339.9M, up 38%.
- GAAP net income $57.6M ($1.02 diluted EPS); Non-GAAP operating income $116.7M.
- Adjusted EBITDA $130.7M; cash flow from operations $206.1M for first nine months.
- No long-term debt; cash and equivalents $233.7M as of March 31, 2023.
- Launched AI Assist, HCM industry's first generative AI integration with OpenAI.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1591698/000159169823000061/0001591698-23-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1591698/000159169823000061/pcty-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001591698-23-000061

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