First Analysis Upgrades Paylocity Holding (PCTY) to Overweight

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Go back to First Analysis Upgrades Paylocity Holding (PCTY) to Overweight

Paylocity Announces First Quarter Fiscal Year 2017 Financial Results

November 3, 2016 4:01 PM EDT

Q1 2017 Total Revenue of $65.0 million, up 44% year-over-yearQ1 2017 Recurring Revenue of $62.6 million, up 46% year-over-year

ARLINGTON HEIGHTS, Ill., Nov. 03, 2016 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (Nasdaq: PCTY), a cloud-based provider of payroll and human capital management software solutions, today announced financial results for the first quarter of fiscal year 2017, which ended September 30, 2016.

Fiscal 2017 is off to a nice start, with first quarter total revenue growth of 44%, said Steve Beauchamp, President and Chief Executive Officer of Paylocity. In October we saw record... More