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SCHAUMBURG, Ill. (AP) — SCHAUMBURG, Ill. (AP) — Paylocity Holding Corp. (PCTY) on Thursday reported fiscal second-quarter net income of $37.5 million.
The Schaumburg, Illinois-based company said it had net income of 66 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.52 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.
The provider of cloud-based payroll and human-resources software services posted revenue of $377 million in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $366.8 million.
For the current quarter ending in March, Paylocity said it expects revenue in the range of $439 million to $444 million.
The company expects full-year revenue in the range of $1.56 billion to $1.57 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PCTY at https://www.zacks.com/ap/PCTY