Paylocity Sees FY25 Revenue $1.535B-$1.550B Vs $1.525B Est; Q2 Revenue $364M-$369M
Portfolio Pulse from Benzinga Newsdesk
Paylocity has updated its financial guidance, projecting FY25 revenue between $1.535 billion and $1.550 billion, surpassing the previous estimate of $1.525 billion. Additionally, the company anticipates Q2 revenue to be in the range of $364 million to $369 million.
October 30, 2024 | 8:18 pm
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Paylocity has increased its FY25 revenue guidance to $1.535B-$1.550B, above the previous estimate of $1.525B. Q2 revenue is expected to be $364M-$369M.
The increase in revenue guidance for FY25 and the positive Q2 revenue forecast suggest strong business performance, likely boosting investor confidence and positively impacting the stock price in the short term.
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