Latest news with #PaycomSoftware
Yahoo
2 days ago
- Business
- Yahoo
Top Stock Movers Now: DoorDash, Fortinet, Eli Lilly, and More
Key Takeaways U.S. equities were mixed at midday in response to more corporate earnings reports and the start of new U.S. tariffs. DoorDash shares traded at an all-time high as the food-delivery provider set quarterly records for several key financial metrics. Results from a late-stage study of Eli Lilly's experimental obesity pill disappointed.U.S. equities were mixed at midday as the market continued to focus on earnings, and new U.S. tariffs kicked in. The Nasdaq was up, while the Dow Jones Industrial Average and S&P 500 fell. Paycom Software (PAYC) shares jumped when the payroll and human resources software provider beat profit and sales estimates and raised its guidance as its artificial intelligence products boosted demand. Shares of DoorDash (DASH) traded at a record high after the food-delivery service also reported better-than-expected results as it set quarterly records for earnings, revenue, total orders, and marketplace gross order value. Duolingo (DUOL) shares took off when the language-learning platform easily exceeded earnings and revenue estimates and raised its outlook on user growth. Fortinet (FTNT) was the worst-performing stock in the S&P 500 on several downgrades and price target cuts. The analysts raised concerns about the cybersecurity firm's potential growth. Shares of Eli Lilly (LLY) slumped when the drugmaker reported disappointing results from a Phase 3 trial of its experimental weight-loss pill. Ralph Lauren (RL) shares dropped when CEO Patrice Louvet warned tariffs would impact the clothing maker's second-half results. Oil futures slid. Gold prices gained. The yield on the 10-year Treasury note was little changed. The U.S. dollar advanced on the euro, lost ground to the pound, and was little changed against the yen. Most major cryptocurrencies traded higher. Read the original article on Investopedia
Reuters
3 days ago
- Business
- Reuters
Paycom raises 2025 revenue and profit forecasts on AI-driven demand
Aug 6 (Reuters) - Payroll processor Paycom Software (PAYC.N), opens new tab raised its forecast for annual revenue and profit on Wednesday, as the addition of AI features helps accelerate demand for its employee management services, sending its shares up 7% in extended trading. The company now expects fiscal 2025 revenue of $2.05 billion to $2.06 billion, up from its previous projection of $2.02 billion to $2.04 billion. Analysts on average expect $2.03 billion, according to data compiled by LSEG. Paycom has been integrating artificial intelligence features into its software with its 'smart AI' suite that automates tasks such as writing job descriptions and helps employers identify which employees are most at risk of leaving. This has boosted demand for Paycom's services as businesses look to simplify workforce management functions. "We are well positioned to extend our product lead and eclipse the industry with even greater AI and automation," CEO Chad Richison said in a statement. Paycom expects 2025 core profit in the range of $872 million to $882 million, up from previous expectations of $843 million to $858 million. The payroll processor reported revenue of $483.6 million for the second quarter ended June 30, beating analysts' estimate of $472 million. Adjusted core profit was $198.3 million, compared to $159.7 million in the same period last year. Paycom's expectation of strong growth comes despite a sharp deterioration in U.S. labor market conditions. U.S. employment growth was weaker than expected in July, while the nonfarm payrolls count for the prior two months was revised down by 258,000 jobs, according to a Labor Department report.
Business Wire
30-07-2025
- Business
- Business Wire
Paycom unveils IWant: Command-driven AI engine with accurate, rapid results
BUSINESS WIRE)-- Paycom Software, Inc. (NYSE: PAYC) ('Paycom'), a leading provider of comprehensive, cloud-based human capital management software, today announced the launch of IWant, the industry's first command-driven AI engine that revolutionizes the way all users navigate and access their information within a single database. Paycom announces the launch of IWant, the industry's first command-driven AI engine that revolutionizes the way all users navigate and access their information within a single database. Share Users can prompt IWant by utilizing voice-to-text functionality or by simply typing a question, and the AI engine immediately provides the answer or directs them to the appropriate location to interact with their information. IWant is designed to return results that will always be accurate because it pulls from employee data entered into Paycom's single database, not from multiple sources. This eliminates issues created by duplicate or inconsistent data. IWant is available to clients on mobile through Employee Self-Service ® and Manager on-the-Go ® (both located in the Paycom app) and on desktop through the client login page. By eliminating navigation barriers and making employee data more accessible than ever, IWant empowers users to tap into the power of that data within Paycom's single database, regardless of their level of familiarity with the software. "IWant is the biggest release since our founding in 1998,' said Chad Richison, Paycom founder and CEO. 'Command-driven automation marks the beginning of the future of all software. Navigation, information gathering and asking others for information will soon become obsolete. IWant gives you all of the information and access without needing to know how to use the system." With IWant, Paycom users gain an easy, automated avenue for seeking information about employee data without having to navigate through the software. For employees: IWant assists employees with fast answers about their employee data, including time-off balances, 401(k) contribution percentages, schedules, tax withholdings, paycheck amounts, pay history, benefits and more. For HR, C-suite and managers: IWant supports HR teams and makes an organization's leaders smarter by providing instant employee information about coverage thresholds, time-off schedules, overdue trainings, pay changes, who's clocked in for the day, time-off requests, salary information, employment history, performance reviews and more. 'Paycom's single database has strategically set them apart since day one, paving the way for continued breakthroughs like IWant," said Steve Boese, HR Technology Conference program co-chair. "I particularly like IWant's Executive Mode and can see how this AI engine will transform not only the way leaders interact with company data but how they lead with data moving forward." An executive in the distribution industry who participated in the client pilot of IWant was impressed with how easily and quickly he could access workforce data. 'It's a night and day difference,' the executive said. 'IWant makes everyone a system expert, so I can access all the info I need without navigating beyond the home screen. And I don't rely on others for employee data anymore. It's a total game changer.' Paycom's unique, single-database software is designed to allow for a seamless flow of data across its HR suite, eliminating inaccuracies associated with duplicate or disparate data that comes from integrating multiple systems. To learn more or watch a demo of IWant, visit About Paycom For over 25 years, Paycom Software, Inc. (NYSE: PAYC) has simplified business and employees' lives through easy-to-use HR and payroll technology to empower transparency through direct access to their data. From onboarding and benefits enrollment to talent management and more, Paycom's employee-first technology leverages full-solution automation to streamline processes, drive efficiencies and give employees power over their own HR information, all in a single app. Paycom's single database combines all HR and payroll data in one place, providing a seamless and accurate experience without the errors and inefficiencies associated with integrating multiple systems. Recognized globally for its technology and workplace culture, Paycom serves businesses of all sizes in the U.S. and internationally.
Fast Company
17-07-2025
- Business
- Fast Company
These are the 3 best questions to ask at the end of your job interview
At the conclusion of an interview, it's customary for the hiring manager to ask the job candidate if they have any questions. You've probably responded with generic questions like 'When will I hear back?' or 'What are the next steps?' But there are more compelling questions about the position you can ask before the end of the interview—to help you and help you stand out, leaving a positive lasting impression and reiterating your interest in the job. Why are compelling questions important at the end of an interview? When job candidates ask thoughtful questions, it sends a powerful message to employers. 'It shows that they're not just invested in their own success but also in the well-being and goals of the organization,' says Jenny Matthew, director of talent acquisition and attraction at Paycom Software, who is based in Oklahoma City, OK. 'It also gives the candidate the chance to clarify any gray areas they may have about company culture, expectations of the position and next steps.' These questions demonstrate you're doing your due diligence to determine whether the role is a mutual fit for both the organization and you, she says. The last few minutes of an interview can leave the interviewer with a lasting impression . 'The end of the interview is the mic-drop moment,' says Matthew. 'It allows job candidates to be intentional by reiterating who they are, what they bring to the table, their interest in the position and company and some of their future desires.' advertisement The super-early-rate deadline for Fast Company's Most Innovative Companies Awards is Friday, July 25, at 11:59 p.m. PT. Apply today.
Business Wire
16-07-2025
- Business
- Business Wire
Paycom Software, Inc. Announces Second Quarter 2025 Earnings Release Date and Conference Call
OKLAHOMA CITY--(BUSINESS WIRE)-- Paycom Software, Inc. ('Paycom') (NYSE: PAYC), a leading provider of comprehensive, cloud-based human capital management software, will release its results for the second quarter ended Jun. 30, 2025, after the market closes on Aug. 6. Paycom will also hold a conference call to discuss results at 5 p.m. (Eastern) that day. The conference call will also be webcast at For those unable to participate, a replay will be available following the conclusion of the earnings call on Aug. 6 through Aug. 13. A web-based archive of the conference call will also be available at the above website. About Paycom For over 25 years, Paycom Software, Inc. (NYSE: PAYC) has simplified business and employees' lives through easy-to-use HR and payroll technology to empower transparency through direct access to their data. From onboarding and benefits enrollment to talent management and more, Paycom's employee-first technology leverages full-solution automation to streamline processes, drive efficiencies and give employees power over their own HR information, all in a single app. Paycom's single database combines all HR and payroll data in one place, providing a seamless and accurate experience without the errors and inefficiencies associated with integrating multiple systems. Recognized globally for its technology and workplace culture, Paycom serves businesses of all sizes in the U.S. and internationally.
