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0:00 / 0:00I. Business Overview and Strategy
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Paycom Revenue Surges 23.2% to $1.69B Amid Global Expansion

PAYC10-KFiling Date: 2/15/2024
Paycom Software, Inc.
Description

What this story covers

Paycom's 2023 10-K reveals 23.2 percent revenue growth to 1 point 69 billion dollars, driven by new clients and interest income, with net income up 21 point 1 percent to 341 million dollars. The company emphasizes its single-database HCM platform, global expansions, strong 90 percent retention, robust liquidity from 485 million dollars operating cash, and comprehensive cybersecurity. Challenges include softer upsells and legal proceedings, but overall resilience positions it for future gains.

Story snapshot

CompanyPaycom Software, Inc.
TickerPAYC
VariantStandard detailed
Duration15:05
Filing type10-K
PeriodAnnual 2023
IndustryTechnology
Accession0000950170-24-015863

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