OKLAHOMA CITY (AP) — OKLAHOMA CITY (AP) — Paycom Software Inc. (PAYC) on Wednesday reported second-quarter net income of $89.5 million.
On a per-share basis, the Oklahoma City-based company said it had profit of $1.58. Earnings, adjusted for stock option expense, were $2.06 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.78 per share.
The maker of human-resources and payroll software posted revenue of $483.6 million in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $472 million.
Paycom expects full-year revenue in the range of $2.05 billion to $2.06 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
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