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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


Laptop_women_By_Petar_Milosevic_(Own_work)_[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Commons 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.



Paylocity Holding's Asset Turnover

Paylocity Holding's Capital Expenditures Growth



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