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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.
Revenue by Segment
Forward Guidance
Paylocity issued guidance for the third quarter and full fiscal year 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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