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Automation Tools Power Paycom Software's Q2 Recurring Revenue Gain
ZACKS· 2025-08-08 12:31
Core Insights - Paycom Software, Inc. (PAYC) reported a total revenue increase of 10.5% year over year to $483.6 million for Q2 2025, exceeding the Zacks Consensus Estimate of $472 million, primarily driven by a 12.2% rise in recurring revenues [1][9] Revenue Breakdown - Recurring revenues reached $455.1 million, accounting for 94% of total sales, and surpassed the model estimate of $445.5 million, largely due to the growing adoption of automation tools, Beti and GONE [2][9] Product Insights - Beti, a payroll management tool, has seen strong adoption, contributing to client satisfaction and retention, with some former clients returning due to its effectiveness [3][9] - GONE automates time-off requests and vacation tracking, enhancing operational efficiency and accuracy, which supports the increase in recurring revenues as more clients utilize these features [4][9] Future Outlook - Management anticipates that Beti and GONE will continue to be significant contributors to recurring revenue growth in the latter half of 2025, alongside the recent introduction of the new AI tool, IWant [5]
Paycom to Report Q2 Earnings: What's in Store for the Stock?
ZACKS· 2025-08-04 15:30
Key Takeaways PAYC's Q2 revenues are projected at $472M, up 7.9% Y/Y on recurring sales and AI-led client growth.AI-enhanced tools like Beti and GONE are likely boosting efficiency, adoption, and retention.Slower hiring and economic uncertainty may have tempered demand for payroll services.Paycom Software, Inc. ((PAYC) is set to report second-quarter 2025 results on Aug. 6, after market close.The Zacks Consensus Estimate for second-quarter earnings is pinned at $1.78 per share, indicating a year-over-year i ...
Paycom to Report Q1 Earnings: What's in Store for the Stock?
ZACKS· 2025-05-05 12:10
Paycom Software, Inc. (PAYC) is set to report first-quarter 2025 results on May 7, after market close.The Zacks Consensus Estimate for first-quarter earnings is pinned at $2.60 per share, indicating a year-over-year increase of 0.4%. The consensus estimate for the bottom line has been revised downward by 3 cents over the past 60 days.The Zacks Consensus Estimate for Paycom’s first-quarter revenues is pegged at $525.6 million, suggesting a rise of approximately 5.2% from the year-ago quarter’s sales of $499. ...