Business
Paylocity Announces Fourth Quarter and Full Fiscal Year 2022 Financial Results
Q4 2022 Recurring & Other Revenue of $226.9 million, up 36% year-over-yearQ4 2022 Total Revenue of $228.9 million, up 37% year-over-yearFY 2022 Recurring &
About this update from Paylocity Holding Corporation
[{"type":"text","content":"Q4 2022 Recurring & Other Revenue of $226.9 million, up 36% year-over-yearQ4 2022 Total Revenue of $228.9 million, up 37% year-over-yearFY 2022 Recurring & Other Revenue of $847.7 million, up 34% year-over-yearFY 2022 Total Revenue of $852.7 million, up 34% year-over-year SCHAUMBURG, Ill., Aug. 04, 2022 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (Nasdaq: PCTY), a leading provider of cloud-based HCM and payroll software solutions, today announced financial results for the fourth quarter and full fiscal year 2022, which ended June 30, 2022. “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-Chief Executive Officer of Paylocity. Key Recent Achievements FY 2022 Recurring & Other Revenue of $847.7 million, up 34% year-over-year.FY 2022 Total Revenue of $852.7 million, up 34% year-over-year.FY 2022 GAAP net income of $90.8 million and $1.61 per diluted share.FY 2022 Adjusted EBITDA, a non-GAAP measure, of $237.8 million or 27.9% of revenue.Ending FY 2022 cash and cash equivalents balance of $139.8 million. Fourth Quarter Fiscal 2022 Financial Highlights Revenue: Total revenue was $228.9 million, an increase of 37% from the fourth quarter of fiscal year 2021.Recurring & other revenue was $226.9 million, an increase of 36% from the fourth quarter of fiscal year 2021. Operating Income: GAAP operating income was $18.8 million and Non-GAAP operating income was $48.4 million in the fourth quarter of fiscal year 2022. Net Income: GAAP net income was $15.1 million or $0.27 per share in the fourth quarter of fiscal year 2022 based on 56.4 million diluted weighted average common shares outstanding. Adjusted EBITDA: Adjusted EBITDA, a non-GAAP measure, was $59.3 million in the fourth quarter of fiscal year 2022. Fiscal Year 2022 Financial Highlights Revenue: Total revenue was $852.7 million, an increase of 34% from fiscal year 2021.Recurring & other revenue was $847.7 million, representing 99% of total revenue and an increase of 34% from fiscal year 2021 recurring & other revenue....