Paycom Software Shares Up 14% on Q1 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/PAYC'>Paycom Software, Inc. (NYSE:PAYC) </a>shares rose 14% today following the company’s strong Q1 results, with EPS coming in at $1.90, above the Street estimate of $1.75. Revenue was $354 million, compared to the Street estimate of $343.14 million.</p>
<p>According to the analystS at Deutsche Bank, the company continues to execute against the secular opportunity from a go-to-market and product perspective, both of which helped drive more than 30% revenue growth during the quarter. </p>
<p>Revenue guidance was equally strong and implies the company can very likely achieve over 30% growth both in Q2 and the full year, deflating the bear thesis around growth deceleration as the comparisons get more challenging. </p>
<p>The analysts also anticipate improving productivity in new sales offices along with increasing float revenue to drive further upside.</p>

NYSE:PAYC