Paycor HCM, Inc. Provides Earnings Guidance for the Fourth Quarter and Fiscal Year Ending June 30, 2024
May 08, 2024 at 09:15 pm
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Paycor HCM, Inc. provided earnings guidance for the fourth quarter and fiscal year ending June 30, 2024. For the quarter, the company expects total revenues in the range of $160 million - $162 million.
For the year, the company expects revenue guidance in the range of $650 million - $652 million, an increase of 18% year-over-year at the top end of the range.
Paycor HCM, Inc. is a provider of human capital management (HCM) software in the United States. The Company offers solutions, such as payroll, human resources (HR) services, talent management, workforce management, benefits administration, reporting and analytics, and other payroll-related services. Its services are generally provided in a Software-as-a-Service (SaaS) delivery model utilizing a cloud-based platform. The Companyâs solutions target small and medium-sized businesses. The Company's HCM solution automates routine management tasks so frontline leaders can focus on the key elements that drive business performance and employee engagement, such as goal setting, coaching and talent development. The Company's comprehensive suite of solutions enables organizations to streamline administrative workflows and achieve regulatory compliance while serving as the single, secure system of record for employee data.