OKLAHOMA CITY (AP) — OKLAHOMA CITY (AP) — Paycom Software Inc. (PAYC) on Wednesday reported first-quarter net income of $155.7 million.
On a per-share basis, the Oklahoma City-based company said it had net income of $3.04. Earnings, adjusted for one-time gains and costs, were $3.15 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.93 per share.
The maker of human-resources and payroll software posted revenue of $571.9 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $565.1 million.
Paycom expects full-year revenue in the range of $2.17 billion to $2.19 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PAYC at https://www.zacks.com/ap/PAYC
