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Jun 30, 2021

Paylocity Q4 2021 Earnings Report

Paylocity reported solid Q4 and FY2021 results with strong momentum across the business.

Key Takeaways

Paylocity announced its Q4 and full fiscal year 2021 financial results, demonstrating solid performance amidst the COVID-19 pandemic. The company highlighted a 16% growth in recurring and other revenue and strong momentum heading into fiscal year 2022.

Paylocity had a solid fiscal year 2021 amidst the COVID-19 pandemic.

Recurring and other revenue grew by 16% in fiscal year 2021.

Products focused on the Modern Workforce saw significant increases in utilization.

Sales team execution is driving Q1 and full fiscal year 2022 revenue guidance to higher growth levels.

Total Revenue
$167M
Previous year: $131M
+28.2%
EPS
$0.46
Previous year: $0.32
+43.8%
Gross Profit
$108M
Previous year: $84.7M
+28.0%
Cash and Equivalents
$202M
Previous year: $251M
-19.4%
Free Cash Flow
$37.8M
Previous year: $23.9M
+58.4%
Total Assets
$2.41B
Previous year: $1.99B
+21.6%

Paylocity

Paylocity

Forward Guidance

Paylocity is issuing guidance for the first quarter and full fiscal year 2022.