Paylocity Holding Corp (OQ:PCTY)

Business Focus: Software

Sector:  Technology Industry:  Software
See Regulatory Filings on SEC
Company Contact
Address: 1400 American Ln
SCHAUMBURG IL 60173-5452
Tel: N/A
IR: See website
Key People
Steven Ira Sarowitz
Chairman of the Board
Michael R. Haske
President, Chief Operating Officer
Steven Raymond Beauchamp
Chief Executive Officer, Director
Toby J. Williams
Chief Financial Officer
Edward W. Gaty
Senior Vice President - Product and Technology
Mark S. Kinsey
Senior Vice President - Operations
Andrew Cappotelli
Chief Accounting Officer
Business Overview
Paylocity Holding Corporation is a cloud-based provider of payroll and human capital management (HCM), software solutions for medium-sized organizations. The Company's services are provided in a software-as-a-service delivery model utilizing its cloud-based platform. The cloud-based platform provides a suite of applications using a multi-tenant architecture. The cloud-based platform features a suite of unified payroll and HCM applications. The Company, through cloud-based platform, offers various products, which include Paylocity Web Pay, Paylocity HR, Paylocity Affordable Care Act Enhanced, Paylocity Impressions, Performance Management, Self-Service HR Portals, Paylocity Recruiting, Paylocity Web Time, Paylocity Web Onboarding, and Paylocity Web Benefits and Paylocity Enterprise Benefits, Powered by bswift. The multi-tenant software platform is configurable and includes a unified suite of payroll and HCM applications, such as time and labor tracking, benefits and talent management.
Financial Overview
For the nine months ended 31 March 2019, Paylocity Holding Corp revenues increased 24% to $347.3M. Net income before extraordinary items increased 9% to $43.6M. Revenues reflect Recurring fees increase of 23% to $326M, Interest income on funds held for client increase from $6.1M to $14.2M. Net income was partially offset by Sales and marketing - Balancing value increase of 19% to $75.2M (expense), general a increase of 24% to $53.3M (expense).
Employees: 2,600 as of Jun 30, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $5,234M as of Mar 31, 2019
Annual revenue (TTM): $443.88M as of Mar 31, 2019
EBITDA (TTM): $74.32M as of Mar 31, 2019
Net annual income (TTM): $42.03M as of Mar 31, 2019
Free cash flow (TTM): $66.86M as of Mar 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 52,973,817 as of Apr 26, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization