PCTY - Paylocity Non-GAAP EPS of $1.74 beats by $0.21 revenue of $339.9M beats by $6.8M

2023-05-04 16:31:25 ET

• Paylocity press release ( NASDAQ: PCTY ): FQ3 Non-GAAP EPS of $1.74 beats by $0.21 .
• Revenue of $339.9M (+38.2% Y/Y) beats by $6.8M .

• Fourth Quarter 2023:

  • Total revenue is expected to be in the range of $299.2 million to $303.2 million, which represents approximately 32% growth over fiscal year 2022 fourth quarter total revenue, vs. consensus of $300.06M.
  • Adjusted EBITDA, a non-GAAP measure, is expected to be in the range of $93.5 million to $96.5 million.

  Fiscal Year 2023:

  • Total revenue is expected to be in the range of $1.165 billion to $1.169 billion, which represents approximately 37% growth over fiscal year 2022 total revenue, vs. consensus of $1.16B
  • Adjusted EBITDA, a non-GAAP measure, is expected to be in the range of $368.1 million to $371.1 million.
• Shares -1.61% .

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