Paycom In Heaven As Cloud Strategy Pays Off In Q2

By | August 4, 2015

Scalper1 News

Paycom Software (PAYC) raised its full-year sales outlook Tuesday after second-quarter earnings and revenue easily topped Wall Street targets amid the shift to cloud computing. The cloud-based developer of payroll and human resources software said adjusted Q2 earnings soared 150% to 10 cents per share, beating by 4 cents. Revenue jumped 47% to $49 million, above views for $45.8 million. The Oklahoma City-based company sees Q3 revenue of $51 Scalper1 News

Scalper1 News