Paylocity Q4 recurring revenue $282M (+24% YoY); FY23 adj. EBITDA $375M (+58%)

Paylocity Holding Corp

2023-FY EPS reported $2.49 revenue$1,174,598,000

FY23 total revenue $1,174.6M (+38% YoY); recurring revenue $1,098.0M (+30% YoY).
FY23 GAAP net income $140.8M ($2.49 diluted EPS) vs. $90.8M ($1.61) prior year.
FY23 Adjusted EBITDA $375.2M (31.9% of revenue) vs. $237.8M (27.9%) prior year.
Long-term adj. EBITDA target raised to 35-40% of revenue (from 30-35%); FCF target raised to 20-25% (from 15-20%).
Cash and equivalents $288.8M; FY23 free cash flow $215.8M (18.4% of revenue).

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

Paylocity Holding Corp reported the fourth quarter and full fiscal year 2023, which ended June 30, 2023 results: revenue $308.5 million, net income $37.3 million or $0.66 per share. Guidance reaffirmed.

Period: the fourth quarter and full fiscal year 2023, which ended June 30, 2023
Revenue: $308.5 million
Net income: $37.3 million or $0.66 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Announces Fourth Quarter and full Fiscal Year 2023 Financial Results • Q4 2023 Recurring & Other Revenue of $282.0 million, up 24% year-over-year • Q4 2023 Total Revenue of $308.5 million, up 35% year-over-year • FY 2023 Recurring & Other Revenue of $1,098.0 million, up 30% year-over-year • FY 2023 Total Revenue of $1,174.6 million, up 38% year-over-year

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Source: SEC EDGAR

accession 0001591698-23-000112

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