Paylocity: Fiscal 2Q Earnings Snapshot
ARLINGTON HEIGTHS, Ill. (AP) _ Paylocity Holding Corp. (PCTY) on Wednesday reported fiscal second-quarter profit of $5.7 million.
On a per-share basis, the Arlington Heigths, Illinois-based company said it had profit of 10 cents. Earnings, adjusted for stock option expense and amortization costs, were 23 cents per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.
The provider of cloud-based payroll and human-resources software services posted revenue of $104.7 million in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $104.6 million.
For the current quarter ending in April, Paylocity said it expects revenue in the range of $135 million to $136 million.
The company expects full-year revenue in the range of $459 million to $460 million.
Paylocity shares have climbed 34 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $80.65, an increase of 67 percent in the last 12 months.