
Paycom Revenue Surges 23.2% to $1.69B Amid Global Expansion
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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