Paycom Software, Inc. Q4 Profit Increases, beats estimates

Paycom Software, Inc. (PAYC) reported earnings for its fourth quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $79.95 million, or $1.38 per share. This compares with $48.69 million, or $0.84 per share, in last year's fourth quarter.

Excluding items, Paycom Software, Inc. reported adjusted earnings of $100.16 million or $1.73 per share for the period.

Analysts on average had expected the company to earn $1.49 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 30.0% to $370.61 million from $284.99 million last year.

Paycom Software, Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $79.95 Mln. vs. $48.69 Mln. last year.
-EPS (Q4): $1.38 vs. $0.84 last year.
-Analyst Estimate: $1.49
-Revenue (Q4): $370.61 Mln vs. $284.99 Mln last year.

Next quarter revenue guidance: $443 - $445 Mln

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