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home / news releases / PYCR - Paycor HCM: Rating Downgrade On Poor Growth Outlook

PYCR - Paycor HCM: Rating Downgrade On Poor Growth Outlook

Paycor HCM Inc.

2024-06-01 07:49:52 ET

Summary

  • Paycor HCM's revenue growth in 3Q24 was disappointing, leading to a downgrade in growth expectations.
  • The company is facing challenges due to the difficult macroeconomic backdrop and a slowdown in headcount hiring.
  • The impact of higher interest rates and slower headcount growth suggests slower growth ahead for Paycor HCM.

Investment summary

For further details see:

Paycor HCM: Rating Downgrade On Poor Growth Outlook
Stock Information
Company Name: Paycor HCM Inc.
Stock Symbol: PYCR
Market: NASDAQ
Website: paycor.com
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