Paylocity Holding(US:PCTY) Globenewswire·2025-05-01 20:05Core Insights - Paylocity Holding Corporation reported solid financial results for the third quarter of fiscal year 2025, with recurring revenue growth of 15% and total revenue growth of 13% compared to the same period in the previous year [2][8][4]. Financial Performance - Total revenue for the third quarter of fiscal year 2025 was $454.5 million, an increase of 13% year-over-year [8]. - Recurring and other revenue reached $421.1 million, reflecting a 15% increase from the third quarter of fiscal year 2024 [8]. - GAAP operating income was $127.0 million, up from $106.3 million in the same quarter of the previous year [3]. - Non-GAAP operating income increased to $172.7 million from $145.9 million year-over-year [3][4]. - GAAP net income for the third quarter was $91.5 million, or $1.61 per share, compared to $85.3 million, or $1.50 per share, in the prior year [4]. Cash Flow and Balance Sheet - Cash and cash equivalents totaled $477.8 million as of March 31, 2025 [9]. - Long-term debt stood at $243.8 million, with approximately $81.3 million repaid during the third quarter [9]. - Cash flow from operations for the first nine months of fiscal year 2025 was $331.7 million, compared to $304.7 million for the same period in fiscal year 2024 [9]. Business Outlook - For the fourth quarter of fiscal year 2025, recurring and other revenue is expected to be in the range of $358.1 million to $363.1 million, representing approximately 11% growth over the same quarter in fiscal year 2024 [17]. - Total revenue guidance for the fourth quarter is projected to be between $385.5 million and $390.5 million, indicating approximately 9% growth year-over-year [17]. - For the full fiscal year 2025, recurring and other revenue is anticipated to be between $1.460 billion and $1.465 billion, reflecting approximately 14% growth compared to fiscal year 2024 [17].