Paylocity Holding-Paylocity's (PCTY) Q4 Earnings & Revenues Surpass Estimates

Paylocity Holding Corporation (PCTY) reported fourth-quarter fiscal 2024 non-GAAP earnings of $1.48 per share, beating the Zacks Consensus Estimate by 16.54%. The bottom line increased 12.12% year over year, driven by higher revenues and an increase in the operating and EBITDA income. Paylocity's revenues climbed 16% year over year to$ 357.29 million and surpassed the Zacks Consensus Estimate by 2.12%. The robust increase in the top line was mainly driven by a continued focus on scaling operational costs wh ...