AcquisitionPaylocity's acquisition of Airbase is an important step towards an expanded vision of the company, further integrating mid-market spend and expense management solutions.
Financial PerformancePaylocity reported better-than-expected fourth-quarter results with non-GAAP EPS of $1.48 on revenue of $357M, up 16% year-over-year.
Product ExpansionPaylocity continues to release higher-margin new products, such as its Learning Management System, Premium Video, and Onboarding solutions, which are accretive to profitability.