SCHAUMBURG, Ill. (AP) — SCHAUMBURG, Ill. (AP) — Paylocity Holding Corp. (PCTY) on Tuesday reported fiscal fourth-quarter net income of $48.6 million.
The Schaumburg, Illinois-based company said it had net income of 86 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.56 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share.
The provider of cloud-based payroll and human-resources software services posted revenue of $400.7 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $388.7 million.
For the year, the company reported profit of $227.1 million, or $4.02 per share. Revenue was reported as $1.6 billion.
For the current quarter ending in September, Paylocity said it expects revenue in the range of $397.5 million to $402.5 million.
The company expects full-year revenue in the range of $1.71 billion to $1.72 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 PCTY at https://www.zacks.com/ap/PCTY
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