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, Core HR (Web HR), Talent Management, Time and Labor (Web Time and Web Expense), Benefits (Web Benefits), and Third-Party Administrative (TPA) Services. 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 fiscal year ended 30 June 2019, Paylocity Holding Corp revenues increased 24% to $467.6M. Net income before extraordinary items increased 39% to $53.8M. Revenues reflect Recurring fees increase of 23% to $437M, Interest income on funds held for client increase from $9.1M to $19.9M. Net income benefited from Other income increase from $802K to $1.8M (income).
Employees: 3,050 as of Jun 30, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $5,670M as of Jun 30, 2019
Annual revenue (TTM): $467.63M as of Jun 30, 2019
EBITDA (TTM): $90.75M as of Jun 30, 2019
Net annual income (TTM): $53.82M as of Jun 30, 2019
Free cash flow (TTM): $83.61M as of Jun 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 53,082,006 as of Aug 2, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization