Paylocity Holding Corporation (PCTY)
Sector • Technology Industry • Software & Programming |
Industry • Software & Programming |
Sector • Technology |
Earnings propelled by $23.43 million tax benefit
A $23.43 million in income tax benefit, fueled Paylocity Holding Corporation to post $0.54 eps in the first quarter of 2023 earnings season
Published Nov 06 2022
CSIMarket Team / CSIMarket.com
company announced income per share of $0.54 and Revenue of $228.95 million in the July to September 30 2022, PCTYs' bottom-line decreased $0.54 per share, versus $0.55 eps, earned in the similar span a year ago, although PCTY saw its Revenue rise by 39.397 % in the similar period.
In the prior reporting period PCTY realized Revenue of $228.95 million and $0.27 per share.
Net profits of $30.352 million in the financial interval ending September 30 2022 fell by -1.88 % from $30.932 million in the corresponding period a year before.
Studying more the business results, the situation for Paylocity Holding Corporation is even difficult, minus the $23.43 million income tax benefit, to cool down the downturn to just -1.88 % in the financial interval ending September 30 2022. Paylocity Holding Corporation shifted it's focus on improving sales in the financial interval ending September 30 2022, as a result net margin eased to 11.98%.
Operating earnings, fell -30.85% to $7.089 million, squeezing Paylocity Holding Corporation's operating margin to 2.8%, from 5.64% in the first quarter of 2022.
Paylocity Holding Corporation is expected to report next financial recent numbers on May 05, 2023.
In the prior reporting period PCTY realized Revenue of $228.95 million and $0.27 per share.
Net profits of $30.352 million in the financial interval ending September 30 2022 fell by -1.88 % from $30.932 million in the corresponding period a year before.
Studying more the business results, the situation for Paylocity Holding Corporation is even difficult, minus the $23.43 million income tax benefit, to cool down the downturn to just -1.88 % in the financial interval ending September 30 2022. Paylocity Holding Corporation shifted it's focus on improving sales in the financial interval ending September 30 2022, as a result net margin eased to 11.98%.
Operating earnings, fell -30.85% to $7.089 million, squeezing Paylocity Holding Corporation's operating margin to 2.8%, from 5.64% in the first quarter of 2022.
Paylocity Holding Corporation is expected to report next financial recent numbers on May 05, 2023.
Other PCTY's news
Paylocity Holding Corporation Shatters Growth Records with Outstanding 25.389% Surge in Revenue
Very decent effort by the company during the financial span ending June 30 2023
An exceptional execution by the company all along the second quarter of 2023
Other PCTY's news
Paylocity Holding Corporation Shatters Growth Records with Outstanding 25.389% Surge in Revenue
Very decent effort by the company during the financial span ending June 30 2023
An exceptional execution by the company all along the second quarter of 2023