Business
Paylocity Announces Fourth Quarter and Full Fiscal Year 2021 Financial Results
Q4 2021 Recurring & Other Revenue of $166.5 million, up 29% year-over-yearQ4 2021 Total Revenue of $167.5 million, up 28% year-over-year FY 2021 Recurring &
About this update from Paylocity Holding Corporation
[{"type":"text","content":"Q4 2021 Recurring & Other Revenue of $166.5 million, up 29% year-over-yearQ4 2021 Total Revenue of $167.5 million, up 28% year-over-year FY 2021 Recurring & Other Revenue of $631.7 million, up 16% year-over-yearFY 2021 Total Revenue of $635.6 million, up 13% year-over-year SCHAUMBURG, Ill., Aug. 05, 2021 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (Nasdaq: PCTY), a leading provider of cloud-based HR and payroll software solutions, today announced financial results for the fourth quarter and full fiscal year 2021, which ended June 30, 2021. “Against the backdrop of the COVID-19 pandemic, we had a solid fiscal 21, which included 16% recurring and other revenue growth and strong momentum across the business as we head into fiscal 22,” said Steve Beauchamp, Chief Executive Officer of Paylocity. “Our products focused on the Modern Workforce, including Community, Surveys, Premium Video and Learning Management, have all seen significant increases in utilization during fiscal 21 as our value proposition of providing the most modern and comprehensive product suite in the industry continues to resonate in the marketplace. I’m also very pleased with the momentum and overall execution of our sales team across all market segments, which is helping to drive Q1 and full fiscal 22 revenue guidance to growth levels that we haven’t seen in a number of years.” Key Recent Achievements FY 2021 Recurring & Other Revenue of $631.7 million, up 16% year-over-yearFY 2021 Total Revenue of $635.6 million, up 13% year-over-yearFY 2021 GAAP net income of $70.8 million and $1.26 per diluted shareFY 2021 Adjusted EBITDA, a non-GAAP measure, of $170.0 million or 26.7% of revenueEnding FY 2021 cash, cash equivalents and invested corporate cash balance of $206.7 millionAcquisition of Samepage, an all-in-one team collaboration solution that includes task management, file sharing, and real-time document collaboration, completed in November 2020Launch of the Paylocity Corporate Social Responsibility webpage to provide greater visibility into our Environmental, Social and Governance (ESG) efforts and the corresponding impact on our employees, clients and local communities Fourth Quarter Fiscal 2021 Financial Highlights Revenue: Total revenue was $167.5 million, an increase of 28% from the fourth quarter of fiscal year 2020.Recurring & other revenue was $166.5 m...