Paycom reports Q1 EPS $3.15, consensus $2.99

Reports Q1 revenue $571.9M, consensus $565.0M. “We delivered solid first-quarter results while executing our strategy to provide full-solution automation, stronger client ROI achievement and world-class service to our clients,” said Chad Richison, founder and CEO of Paycom (PAYC). “Our focus on creating automation and employee-first technology is driving higher engagement and client satisfaction, while reinforcing Paycom’s position as the most automated solution in our industry. We are trusted leaders in AI and automated decisioning, with proven solutions like Beti, GONE and IWant helping our clients operate more efficiently. With only about 5% of the total addressable market served, we remain confident in the long-term growth opportunity ahead.”