Paylocity (PCTY) stock surged 5.18% in the pre-market session on Friday, February 7, 2025, following the release of its impressive second-quarter results and raised full-year guidance.
The company reported a 16% year-over-year increase in total revenue to $377 million, driven by a 17% growth in recurring and other revenue. Paylocity's adjusted EBITDA of $126.2 million, or a 33.5% margin, exceeded guidance by $8.2 million.
Encouraged by the strong performance, Paylocity raised its fiscal 2025 revenue guidance to a range of $1.558 billion to $1.568 billion, reflecting its robust growth trajectory.
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