Paycom: 4Q Earnings Snapshot

OKLAHOMA CITY (AP) _ Paycom Software Inc. (PAYC) on Wednesday reported fourth-quarter net income of $45.4 million.

On a per-share basis, the Oklahoma City-based company said it had profit of 78 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 86 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.

The maker of human-resources and payroll software posted revenue of $193.4 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $190.8 million.

For the year, the company reported profit of $180.6 million, or $3.09 per share. Revenue was reported as $737.7 million.

For the current quarter ending in April, Paycom said it expects revenue in the range of $240 million to $242 million.

The company expects full-year revenue in the range of $911 million to $913 million.

Paycom shares have increased 21% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $320.94, more than doubling in the last 12 months.

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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