Paylocity Holding Corporation (PCTY) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

always a little bit of timing within the fiscal year. And as we talked about, even dating back to last August when we provided our initial guidance for the year, we do want to invest back into R&D and broader automation efforts. And I think we continue to do that into the fourth quarter as well. And so we'll end up seeing that in the R&D line and maybe also in terms of some sales and marketing. Is that right? Yes, and I think you've seen that as we've gone throughout the year as well. So I wouldn't call it any specific one-time items in the fourth quarter, but the bias is to invest back into those elements of the business while also increasing profitability, and we've done both. Great. And then just as a follow-up, you mentioned great scale and being able to charge for the AI capabilities. Can you talk a little bit about what you're seeing there? I know it's really early, and then Anything else on the office of the CFO? Thank you. We're excited about the Grayscale acquisition. Just like prior acquisitions that are product tuck-in in orientation, we'll take the time, we're going to integrate that experience, and then we will launch that. We typically have done that. It could be in the 12-month or so range, so we're looking at that as a similar opportunity to get that to market. But we're really excited about the AI capabilities, and Grayscale really can fully automate all candidate engagement, so conversations and marketing, something that we think is really demanded in the market. And so that gives us an opportunity to have a bit of a premium skew in recruiting once we complete that integration and launch. Great, thank you very much. Thank you. Our next question comes from Scott Berg of Niedermann Company. Your line is now open. Hi, this is Ian Black on for Scott Ber...