OKLAHOMA CITY (AP) — OKLAHOMA CITY (AP) — Paycom Software Inc. (PAYC) on Wednesday reported fourth-quarter net income of $113.8 million.
The Oklahoma City-based company said it had net income of $2.07 per share. Earnings, adjusted for stock option expense, came to $2.45 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.44 per share.
The maker of human-resources and payroll software posted revenue of $544.3 million in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $542.7 million.
For the year, the company reported profit of $453.4 million, or $8.08 per share. Revenue was reported as $2.05 billion.
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
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