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Mar 31, 2021
Paylocity Q3 2021 Earnings Report
Paylocity's Q3 2021 financial results were announced, showing growth in recurring revenue despite challenges from the COVID-19 pandemic.
Key Takeaways
Paylocity announced a strong third quarter with 11% growth in recurring and other revenue, driven by a strong sales team performance in a digital selling environment and sustained investment in R&D.
Paylocity experienced 11% growth in recurring & other revenue.
The sales team performed strongly in a digital selling environment.
The company remains optimistic about returning to a more normalized sales environment as state restrictions ease.
Paylocity announced the release of its Modern Workforce Index (MWI) to differentiate in the marketplace.
Paylocity
Paylocity
Forward Guidance
Paylocity issued guidance for the fourth quarter and full fiscal year 2021.