Exhibit 99.1

 

 

Paylocity Announces Fourth Quarter and Fiscal Year 2019 Financial Results

 

·                  Q4 2019 Total Revenue of $120.4 million, up 25% year-over-year

 

·                  FY 2019 Total Revenue of $467.6 million, up 26% year-over-year

 

SCHAUMBURG, IL. — August 8, 2019 —

Paylocity Holding Corporation (Nasdaq: PCTY), a cloud-based provider of payroll and human capital management software solutions, today announced financial results for the fourth quarter and full fiscal year 2019, which ended June 30, 2019.

 

“We had a great fiscal 2019, which included 26% revenue growth and 28.7% adjusted EBITDA margins, while also generating record free cash flow,” said Steve Beauchamp, Chief Executive Officer of Paylocity. “I’m also pleased to announce the release of our Learning Management System, which helps us achieve our target PEPY of $400, and we are now setting our new target at $500 PEPY.”

 

Key Recent Achievements

 

·                  Q4 2019 Total Revenue of $120.4 million, up 25% year-over-year

 

·                  FY 2019 Total Revenue of $467.6 million, up 26% year-over-year

 

·                  FY 2019 GAAP net income of $53.8 million, versus net income of $38.6 million in FY 2018, which includes a non-cash income tax benefit of $21.8 million, a 40% increase

 

·                  FY 2019 Adjusted EBITDA of $134.0 million or 28.7% of revenue, an increase of 50 basis points from initial FY 2019 guidance in August 2018

 


The following information was filed by Paylocity Holding Corp (PCTY) on Thursday, August 8, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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