Paylocity Q4 2020 Earnings Report

Paylocity's Q4 performance was marked by solid recurring revenue growth and a strong sales team performance, despite COVID-19 impacts.

Key Takeaways

Paylocity announced its Q4 and full fiscal year 2020 financial results, with a focus on recurring revenue growth and resilience amidst COVID-19 challenges. The company highlighted its commitment to product development and assisting clients through uncertain times.

Paylocity reported solid fiscal year 2020 results, including 22% recurring and other revenue growth.

The company's sales team had a strong year despite the impact of COVID-19 on macro-economic conditions in Q4.

Usage of Learning Management and Community products increased significantly during the fourth quarter.

Paylocity released new product features and resources to help clients with recruitment, rehiring, and workforce engagement.