Latest news with #Payroll
CNA
4 days ago
- Business
- CNA
Paycom raises 2025 revenue and profit forecasts on AI-driven demand
Payroll processor Paycom Software 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 per cent 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.
Associated Press
14-04-2025
- Business
- Associated Press
Peggy's Bookkeeping & Tax Services: A Guide to Payroll Software Article Released
Peggy's Bookkeeping & Tax Service has published an article, 'The Essential Guide to Payroll Software: How to Select the Right Solution.' It is aimed at small to mid-sized business owners, HR managers, and finance professionals who handle payroll operations. Further information is available below. Mesquite, United States, April 14, 2025 -- Peggy's Bookkeeping & Tax Service has published a new article, 'The Essential Guide to Payroll Software: How to Select the Right Solution.' The report offers a comprehensive guide to help businesses choose the best payroll software by outlining essential features. Additionally, the piece addresses practical steps for selecting the right solution, including assessing business needs, comparing features, reviewing security measures, and evaluating pricing for finance professionals. It is aimed at small to mid-sized business owners, HR managers, and finance professionals who handle payroll operations. For further information, the full article is available at Peggy's Bookkeeping & Tax Service/Blog Peggy's Bookkeeping & Tax Service report highlights how automation, integration, and real-time tax compliance updates can help businesses streamline operations and avoid penalties. With payroll software, companies can reduce errors, improve security, and focus on growth instead of administrative headaches. This should be particularly interesting to finance professionals as payroll management is a crucial yet complex task, and errors can result in significant financial and legal consequences. One of the most important pieces of information the article tries to convey and communicate is how to choose the best payroll software for business. The best example of this is perhaps found in the following extract: 'Selecting the right payroll software starts with assessing workforce size, payroll frequency, and specific needs. Then, comparing providers for automation, compliance, and integration with accounting tools is necessary. Prioritizing security, user-friendly navigation, and customer reviews for reliability is also necessary. Finally, balance cost and features to ensure maximum value without overspending.' In discussing the article's creation, Sharon Moore, Founder/CEO at Peggy's Bookkeeping & Tax Service, said: 'Investing in payroll software benefits businesses by improving efficiency, reducing errors, and ensuring compliance. Moreover, Peggy's Bookkeeping & Tax Services is always ready to assist if someone needs help managing their payroll or selecting the best software.' Regular readers of Peggy's Bookkeeping & Tax Service will notice that the article uses a familiar tone: 'committed and professional.' Peggy's Bookkeeping & Tax Service now welcomes comments and questions from readers about the article. They intend to provide individuals with valuable information and reaffirm the company's mission to provide expert guidance and simplify the payroll process. Anyone who has a specific question about a past, present, or future article can contact Peggy's Bookkeeping & Tax Service via their website at The complete article is available to view in full at Peggy's Bookkeeping & Tax Service/Blog Contact Info: Name: Sharon Moore Email: Send Email Organization: Peggy's Bookkeeping and Tax Service Address: 721 Gross Rd Suite A, , Mesquite, Texas 75149, United States Website: Release ID: 89156000 In the event of detecting errors, concerns, or irregularities in the content shared in this press release that require attention or if there is a need for a press release takedown, we kindly request that you inform us promptly by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our dedicated team will promptly address your feedback within 8 hours and take necessary actions to resolve any identified issues diligently or guide you through the removal process. Providing accurate and dependable information is our utmost priority.
