- Paylocity ( PCTY ) stocked jumped 15% after FQ4 recurring & other revenue of $226.9M, up 36% Y/Y.
- GAAP operating income was $18.8M and Non-GAAP operating income was $48.4M.
- GAAP net income was $15.1M or $0.27 per share.
- Adjusted EBITDA, a non-GAAP measure, was $59.3M.
- Non-GAAP EPS of $0.80 beats consensus by $0.27.
- FQ1 Outlook: Total revenue $237.3M-241.3M, which represents ~32% growth; Adjusted EBITDA $55M- $58M.
- FY Outlook: Total revenue is expected to be in the range of $1.087B-1.092B, which represents ~28% growth over fiscal year 2022 total revenue; Adjusted EBITDA, a non-GAAP measure, is expected to be in the range of $314.5M-318.5M.
- “Recurring & other revenue grew 34% in fiscal 22 as our value proposition of providing the most modern software in the industry continues to resonate in the marketplace. Our products focused on the Modern Workforce have all seen significant increases in utilization, including Community, where monthly users has grown by more than 40% and video creation increased by over 80% in fiscal 22,” said Steve Beauchamp, Co-CEO.
- Previously (Aug. 4): Paylocity Non-GAAP EPS of $0.80 beats by $0.27, revenue of $228.9M beats by $10.94M
For further details see:
Paylocity jumps 15% on earnings beat, expects 28% topline growth for FY