On February 08, Paycom Software Inc. (PAYC) reported its financial results for the fourth quarter and fiscal 2021. Consequently, the stock continued to rise in the after hours.
During the regular trading session, the stock went as high as $336.85 and as low as $325.13. PAYC stock closed the session at $335.01 with a gain of 1.96% or $6.43 at a volume of 817.01K shares. Following the announcement, the stock added a further 8.62% in the after-hours. Thus, PAYC was able to increase by a further $28.89 in the after-hours to reach a value of $363.90 on Tuesday.
Paycom Software Inc. works in the provision of cloud-based human capital management software solutions. These HCM solutions are delivered as Software-as-a-Service by the company. Currently, the company has a market capitalization of $19.72 billion with its 60.03 million shares outstanding.
PAYC Financials
Q4 2021
In Q4 2021, the company had total revenues of $285.0 million, which shows an increase of 29% YOY.
Moreover, PAYC reported a non-GAAP net income of $64.4 million with $1.11 on a diluted share basis in the quarter.
Additionally, the adjusted EBIDTA was $109.6 million in the quarter.
Full Year 2021
For fiscal 2021, the company reported total revenues of $1,055.5 million with a YOY increase of 25.4%.
Furthermore, the company had a non-GAAP net income of $260.4 million with $4.48 on a diluted share basis in fiscal 2021.
In addition, the reported adjusted EBITDA for fiscal 2021 was $419.3 million.
PAYC Future Outlook
The company expects revenue of $342 to $344 million for Q1 2022 and $1.314 to $1.316 billion for fiscal 2022.
Further, the expected adjusted EBIDTA for Q1 and fiscal 2022 is $161-$163 million and $524-$526 million, respectively.
PAYC Recent Participation
On December 07, the company participated and virtually presented at the Barclays Global Technology, Media, and Telecommunications Conference.
Top HR Product of 2021
On September 29, the company announced its newest innovation BetiTM being awarded the 2021 Top HR Product. The company was awarded the title at the HR Technology Conference & Exposition by Human Resource Executive magazine.
PAYC’s Beti (Better Employee Transaction Interface) empowers employees to do their own payroll.
Conclusion
While the fear of the impact of the pandemic was looming overhead, the investors were still hopeful towards the company’s latest earnings. The earnings report on Tuesday did not disappoint as it beat both revenue and EPS estimates. Hence, the stock added a good value in the after-hours on Tuesday.
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