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Dec 31, 2019
Paylocity Q2 2020 Earnings Report
Reported a strong second quarter, driven by recurring revenue growth and sales momentum.
Key Takeaways
Paylocity announced its Q2 fiscal year 2020 financial results, highlighting a strong quarter with significant recurring revenue growth and sales momentum. The company's product development efforts have also been recognized in the marketplace.
Recurring and other revenue grew by 25% compared to the second quarter of the previous fiscal year.
The sales team achieved a very strong quarter across the target market.
Paylocity was named an Overall Leader in 10 product categories in G2’s Winter 2020 Grid Report.
Paylocity was named a leader in payroll for the enterprise segment for the first time in G2’s Winter 2020 Grid Report.
Paylocity
Paylocity
Paylocity Revenue by Segment
Revenue by Segment
Recurring & Other Revenue
CapyFin.com Forward Guidance
Paylocity issued guidance for the third quarter and full fiscal year 2020.