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Mar 31, 2020
Paylocity Q3 2020 Earnings Report
Reported strong third quarter results with revenue growth and continued product development.
Key Takeaways
Paylocity announced strong Q3 2020 results, with recurring and other revenue up 25% year-over-year. The company responded to the COVID-19 crisis by adding functionality to its systems and proactively working with clients.
Recurring and other revenue increased by 25% year-over-year.
Total revenue increased by 23% year-over-year.
The company mobilized teams to address new legislation like the CARES Act and FFCRA.
Paylocity earned multiple spots on G2's Best Software Companies of 2020 Report.
Paylocity
Paylocity
Paylocity Revenue by Segment
Revenue by Segment
Recurring & Other Revenue
CapyFin.com Forward Guidance
Paylocity provided guidance for the fourth quarter and full fiscal year 2020, incorporating known and estimated impacts related to COVID-19.