Paycor HCM, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
February 07, 2024 at 04:15 pm EST
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Paycor HCM, Inc. reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was USD 147.23 million compared to USD 124.98 million a year ago. Revenue was USD 159.54 million compared to USD 132.86 million a year ago. Net loss was USD 26.25 million compared to USD 27.46 million a year ago. Basic loss per share from continuing operations was USD 0.15 compared to USD 0.16 a year ago.
For the six months, sales was USD 279.94 million compared to USD 239.15 million a year ago. Revenue was USD 303.13 million compared to USD 251.17 million a year ago. Net loss was USD 46.85 million compared to USD 56.52 million a year ago. Basic loss per share from continuing operations was USD 0.26 compared to USD 0.32 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.