RE: Paycor HCM (NASDAQ: PYCR) Q2 Results7 Feb 2024 22:03
"Paycor Announces Second Quarter Fiscal Year 2024 Financial Results
... Second Quarter and Recent Business Highlights
• Introduced Pay Benchmarking, providing market salary insights to enable competitive compensation strategies. More real-time data gives leaders greater confidence employees are paid fairly to drive retention and offers are extended at competitive rates.
• Launched Labor Forecasting, empowering leaders to right-size their labor costs to their operations by leveraging historical data and demand data forecasts, such as revenue, sales volume or customer foot traffic, to maximize ROI and service quality.
• Gained momentum with our Embedded HCM Solution, demonstrated by robust sales among existing partners and a growing pipeline of interested partners.
Business Outlook
Based on information as of today, February 7, 2024, Paycor is issuing the following financial guidance:
Third Quarter Ending March 31, 2024:
• Total revenues in the range of $185 - $187 million.
• Adjusted operating income* in the range of $45 - $46 million.
Fiscal Year Ending June 30, 2024:
• Total revenues in the range of $650 - $656 million.
• Adjusted operating income* in the range of $104 - $108 million.
*We are unable to reconcile forward-looking adjusted operating income to forward-looking loss from operations, the most closely comparable GAAP financial measure, because the information needed to provide a complete reconciliation is unavailable at this time without unreasonable effort.
Conference Call Information
Paycor will host a conference call today, February 7, 2024, at 5:00 p.m. Eastern Time to discuss its financial results and guidance. To access this call, dial 1-877-407-4018 (domestic) or 1-201-689-8471 (international). The access code is 13741610. A live webcast and replay of the event will be available on the Paycor Investor Relations website at investors.paycor.com.
About Paycor
Paycor’s human capital management (HCM) platform modernizes every aspect of people management, from recruiting, onboarding, and payroll to career development and retention, but what really sets us apart is our focus on leaders. For more than 30 years, we’ve been listening to and partnering with leaders, so we know what they need: a unified HR platform, easy integration with third party apps, powerful analytics, talent development tools, and configurable technology that supports specific industry needs. That’s why more than 30,000 customers trust Paycor to help them solve problems and achieve their goals. ..."
https://investors.paycor.com/news-releases/news-release-details/paycor-announces-second-quarter-fiscal-year-2024-financial