OKLAHOMA CITY (AP) — OKLAHOMA CITY (AP) — Paycom Software Inc. (PAYC) on Wednesday reported fourth-quarter net income of $113.6 million.
On a per-share basis, the Oklahoma City-based company said it had net income of $2.02. Earnings, adjusted for stock option expense, were $2.32 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.99 per share.
The maker of human-resources and payroll software posted revenue of $493.8 million in the period, also topping Street forecasts. Nine analysts surveyed by Zacks expected $481.1 million.
For the year, the company reported profit of $502 million, or $8.92 per share. Revenue was reported as $1.88 billion.
Paycom expects full-year revenue in the range of $2.02 billion to $2.04 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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