Paycom Makes Solid Progress
Here's our initial take on Paycom Software's (NYSE: PAYC) first-quarter financial report.Paycom issued an upbeat financial report for the first quarter of 2025, even though investors had to settle for slower growth rates than they've seen in the past. Revenue came in up a bit over $30 million from year-ago levels, and that caused growth rates to fall from double-digit percentages in the fourth quarter to mid-single-digit percentages. Similarly, growth in adjusted net income was fairly sluggish, although adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) managed to post a 10% gain year over year.Founder/CEO Chad Richison's comments were generally similar to what he's been saying in past quarters. The leader emphasized the role that automation is playing in the business and pointed to measures to make Paycom's internal business more efficient as well as greater efforts to boost sales conversions.Continue reading
Here's our initial take on Paycom Software's (NYSE: PAYC) first-quarter financial report.
Paycom issued an upbeat financial report for the first quarter of 2025, even though investors had to settle for slower growth rates than they've seen in the past. Revenue came in up a bit over $30 million from year-ago levels, and that caused growth rates to fall from double-digit percentages in the fourth quarter to mid-single-digit percentages. Similarly, growth in adjusted net income was fairly sluggish, although adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) managed to post a 10% gain year over year.
Founder/CEO Chad Richison's comments were generally similar to what he's been saying in past quarters. The leader emphasized the role that automation is playing in the business and pointed to measures to make Paycom's internal business more efficient as well as greater efforts to boost sales conversions.
