Paycom Software Inc

PAYC: XNYS (USA)
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Paycom Earnings: Revenue Growth Accelerates but Long-Term Outlook Remains Unchanged

Paycom reported second quarter results characterized by accelerating year-over-year software growth, as recurring revenue grew 12% compared to 7% growth achieved in the first quarter. Growth was achieved in an efficient manner as adjusted EBITDA margins improved 450 basis points year over year.

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