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Paycom Software Inc   (PAYC)
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    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

Paycom Software Inc 's

Competitiveness


 

PAYC Sales vs. its Competitors Q2 2019



Comparing the results to its competitors, Paycom Software Inc reported Total Revenue increase in the 2 quarter 2019 by 31.45 % year on year.
The sales growth was above Paycom Software Inc 's competitors average revenue growth of 6.82 %, recorded in the same quarter.

List of PAYC Competitors

With net margin of 28.8 % company reported lower profitability than its competitors.

More on PAYC Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Paycom Software Inc Net Income in the 2 quarter 2019 grew year on year by 36.5 %, slower than its competitors income growth of 47.54 %

<<  More on PAYC Income Comparisons


Paycom Software Inc 's Comment on Competitors and Industry Peers


The market for HCM solutions is rapidly evolving, highly competitive and subject to changing technology, shifting client needs and frequent introduction of new products and services. Our competitors range from small, regional firms to large, well-established international firms with multiple product offerings.

We compete with firms that provide HCM solutions by various means. Many providers continue to deliver legacy enterprise software, but as demand for greater flexibility and access to information grows, we believe there will be increased competition in the delivery of HCM cloud-based solutions by other SaaS providers. Our competitors offer HCM solutions that may overlap with one, several or all categories of applications offered by our solution. Our talent acquisition and talent management applications compete primarily with Cornerstone OnDemand, Inc., Oracle Corporation, SAP SE and Workday, Inc. Our payroll applications, including payroll processing, compete primarily with Automatic Data Processing, Inc. (“ADP”), Ceridian HCM, Inc. (“Ceridian”), Concur Technologies, Inc., Intuit Inc., Paychex, Inc., Paylocity Holding Corporation and The Ultimate Software Group, Inc. Our HR management applications compete primarily with ADP, Ceridian, Oracle Corporation, Paychex, Inc., Paylocity Holding Corporation, SAP SE and Workday, Inc. Our time and labor management applications compete primarily with ADP, Ceridian, Kronos Incorporated, Paylocity Holding Corporation and The Ultimate Software Group, Inc. Our larger competitors compete with us across multiple segments. In addition, our HCM solution continues to face competition from in-house payroll and HR systems and departments as well as HR systems and software sold by third-party vendors.

Competition in the HCM solutions market is primarily based on service responsiveness, product quality and reputation, breadth of service, application offering and price. The importance of these factors depends on the size of the business. Price tends to be the most important factor of competition for smaller businesses with fewer employees, while the scope of features and customization is more important to larger businesses. Regardless of a company’s size, another important factor is the implementation experience, as all organizations are seeking a streamlined and simplified process.





  

Total Segment Market Share Q2 2019

Due to strong revenue growth of 28.65 % in overall company Paycom Software Inc improved its market share, to approximate 5.43 %.



<<  More on PAYC Market Share.
 

*Market share is not actual measurement, only performance comparison of companies which report and operate within the same segment.


PAYC's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME TICKER MARKET CAP REVENUES INCOME EMPLOYEES
Paycom Software Inc PAYC 12,204 653 156 2,548
Automatic Data Processing Inc ADP 56,927 14,511 2,463 55,000
Convergys Corp. CVG 2,397 2,739 113 0
H and r Block Inc HRB 2,919 3,163 410 2,200
Intuit Inc INTU 60,638 7,127 1,631 8,000
First Data Corp FDC 30,771 9,569 1,213 0
Western Union Co WU 8,382 5,292 1,058 9,000
Equifax inc EFX 14,597 3,508 -393 7,500
Ifan Financial, Inc. IFAN 0 0 0 1
Euronet Worldwide Inc EEFT 4,858 2,750 347 5,600
Xoom Corp XOOM 0 156 6 295
Everi Holdings Inc EVRI 278 533 17 900
Fastfunds Financial Corp FFFC 0 0 0 36
Corvel Corp CRVL 964 596 47 3,508
Amerisafe Inc AMSF 1,119 370 93 449
Employers Holdings Inc EIG 1,158 836 157 716
Lans Holdings, Inc. LAHO 0 0 0 2
Veritec Inc VRTC 2 0 -1 3
Diebold Nixdorf Incorporated DBD 296 4,409 -345 16,000
Verifone Systems, Inc. PAY 2,545 1,819 -78 5,900
Aci Worldwide inc ACIW 2,806 1,258 67 3,979
Benefitfocus inc BNFT 283 296 -46 1,450
Bottomline Technologies Inc EPAY 1,475 435 6 1,600
Paychex inc PAYX 21,697 4,034 1,078 13,000
Asure Software Inc ASUR 93 73 30 324
Robert Half International Inc RHI 4,479 6,069 454 14,000
Microsoft Corporation MSFT 1,151,343 134,249 44,323 118,000
Adobe Inc ADBE 149,245 11,661 3,232 12,499
Nortonlifelock Inc NLOK 12,248 3,662 3,690 0
Ca, Inc. CA 17,509 4,235 476 11,600
Isign Solutions Inc. CICI 0 1 -1 8
Commvault Systems Inc CVLT 1,763 688 -17 2,839
Paylocity Holding Corporation PCTY 5,128 494 58 2,115
Ultimate Software Group Inc ULTI 10,650 1,199 57 4,208
Blucora Inc BCOR 568 718 48 487
Net Element, Inc. NETE 8 32 -6 97
On Track Innovations Ltd OTIV 7 15 -6 120
SUBTOTAL 1,579,358 227,148 60,340 303,984


             
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