Paycor HCM, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024
May 08, 2024 at 04:15 pm EDT
Share
Paycor HCM, Inc. reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was USD 171.97 million compared to USD 150.76 million a year ago. Revenue was USD 187.02 million compared to USD 161.48 million a year ago. Net income was USD 6.19 million compared to net loss of USD 7.34 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to basic loss per share from continuing operations of USD 0.04 a year ago.
For the nine months, sales was USD 451.91 million compared to USD 389.91 million a year ago. Revenue was USD 490.15 million compared to USD 412.65 million a year ago. Net loss was USD 40.65 million compared to USD 63.86 million a year ago. Basic loss per share from continuing operations was USD 0.23 compared to USD 0.36 a year ago.
Paycor HCM, Inc. is a provider of human capital management (HCM) software in the United States. The Company offers solutions, such as payroll, human resources (HR) services, talent management, workforce management, benefits administration, reporting and analytics, and other payroll-related services. Its services are generally provided in a Software-as-a-Service (SaaS) delivery model utilizing a cloud-based platform. The Companyâs solutions target small and medium-sized businesses. The Company's HCM solution automates routine management tasks so frontline leaders can focus on the key elements that drive business performance and employee engagement, such as goal setting, coaching and talent development. The Company's comprehensive suite of solutions enables organizations to streamline administrative workflows and achieve regulatory compliance while serving as the single, secure system of record for employee data.
PAYCOR HCM, INC. 
