Business
Paylocity Announces Fourth Quarter and Full Fiscal Year 2024 Financial Results
Q4 2024 Recurring & Other Revenue of $324.7 million, up 15% year-over-yearQ4 2024 Total Revenue of $357.3 million, up 16% year-over-yearFY 2024 Recurring &
About this update from Paylocity Holding Corporation
[{"type":"text","content":"Q4 2024 Recurring & Other Revenue of $324.7 million, up 15% year-over-yearQ4 2024 Total Revenue of $357.3 million, up 16% year-over-yearFY 2024 Recurring & Other Revenue of $1,281.7 million, up 17% year-over-yearFY 2024 Total Revenue of $1,402.5 million, up 19% year-over-yearRepurchased 1.1 million shares of common stock for $150.0 million during Q4 2024Co-CEO Steve Beauchamp to transition to Executive Chairman on August 5, 2024; Toby Williams to remain President and assume position of sole CEO SCHAUMBURG, Ill., Aug. 01, 2024 (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 2024, which ended June 30, 2024. “Our position as the most modern HCM provider drove strong financial results in fiscal 24, as we ended the year with 19% total revenue growth, 17% recurring & other revenue growth, and a significant increase in profitability. Our financial performance in fiscal 24 was supported by 8% year-over-year client growth to 39,050 clients, and 8% growth in average revenue per client – while also focusing on efficiency and productivity across our organization. We continue to attach more product at time of sale, and have realized increased success selling back into existing clients as our modern workforce products continue to resonate across our entire client base, with Learning Management, Recognition & Rewards, and Employee Voice seeing particular success. In addition to healthy revenue and profitability growth in fiscal 24, in Q4 we also returned capital to shareholders by repurchasing $150 million of our stock. As we close fiscal 24, I would like to thank all of our employees for their efforts supporting our clients, and congratulate our teams for another successful year. We enter fiscal 25 with a high degree of confidence in our ability to execute against our multi-year goal of $2 billion in total revenue,” said Toby Williams, President and Co-Chief Executive Officer of Paylocity. Key Recent Achievements FY 2024 Recurring & other revenue of $1,281.7 million, up 17% year-over-year.FY 2024 Total revenue of $1,402.5 million, up 19% year-over-year.FY 2024 GAAP net income increased 47% to $206.8 million from $140.8 million in FY 2023 and $3.63 per diluted share from $2.49 in ...