Reported 3 months ago
Paycom Software has announced a forecast for third-quarter revenue that is below market expectations, attributing this to clients' reduced spending on payroll and human capital management solutions amidst economic uncertainty. The company adjusted its revenue projections for the current quarter to a range of $444 million to $449 million, slightly under analyst estimates, and updated its 2024 revenue forecast to between $1.86 billion and $1.87 billion.
Source: YAHOO