Paylocity Holding Corp

PCTY: XNAS (USA)
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Paylocity Earnings: Strong Sales Execution and New Product Attach Drive Guidance Raise

Paylocity reported fiscal first-quarter revenue of $452 million, up 11% year over year, alongside adjusted EBITDA excluding interest income of 31%, up 30 basis points. Management expects second quarter revenue of $455 million and adjusted EBITDA margin excluding interest income of about 29%.

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