Paylocity Holding Corp

PCTY: XNAS (USA)
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Paylocity Earnings: New Customer Growth Drives Above Expectations Performance; Raise FVE to $150

Paylocity's fourth-quarter revenue was up 11% year over year to $445 million, versus the high end of guidance of $433 million. Adjusted EBITDA margin excluding interest income came in at 26.2%, compared with that implied by the high end of guidance at about 25%.

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