Paylocity says revenue up 34% in quarter
SCHAUMBURG -- Paylocity Holding Corp., a provider of cloud-based Human Resources and payroll software solutions, said revenue was $181.7 million in its fiscal year first quarter, an increase of 34% from the same period last year.
"During the quarter we also completed the acquisition of Blue Marble, a leading global payroll provider, to further support companies in managing and paying their employees outside the U.S.," said Steve Beauchamp, chief executive officer of Paylocity. "In October we also held our virtual Elevate Client Conference where we hosted a record number of attendees and highlighted numerous enhancements across our product suite."
Cash flow from operations for the first quarter of fiscal year 2022 was $4.1 million compared to $1.6 million for the first quarter of fiscal year 2021, the company said.
Founded in 1997 and publicly traded since 2014, Paylocity offers an intuitive, easy-to-use product suite that helps businesses perform HR and payroll responsibilities.