Why HR & Payroll Provider Paylocity Shares Are Diving Today



Paylocity Holding Corp (NASDAQ:PCTY) shares are down after it reported second-quarter FY24 results yesterday.

Total revenue increased 20% Y/Y to $326.4 million, beating the consensus of $324.7 million. Recurring & Other Revenue rose 16% Y/Y to $298.4 million in the quarter.

Adjusted operating income rose to $92.8 million from $65.1 million a year ago. Adjusted EPS of $1.49 beat the consensus of $1.28.

As of December 31, 2023, Paylocity had no long-term debt …

Full story available on Benzinga.com


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