Paylocity Reports Strong Q1 Fiscal 2027 Results and Raises Full-Year Guidance
Paylocity (PCTY) delivered robust first-quarter fiscal 2027 results, reporting total revenue of $451.7 million, a 10.7% increase year-over-year. Growth was primarily driven by strong demand across its human capital management, finance, and IT suites, alongside successful platform innovation. The company's Non-GAAP Adjusted EBITDA reached $159.5 million, exceeding the top end of previous guidance with a margin of 35.3%. Bolstered by high engagement with its 'Ignite AI' tools and strong referral channel performance, Paylocity raised its full-year revenue and Adjusted EBITDA outlook. The company also demonstrated commitment to shareholder returns, repurchasing 1.1 million shares for $152.5 million during the quarter. Management highlighted increased R&D investment aimed at AI-driven platform modernization as a key driver for future scalability.
Tickers: $PCTY
Topics: AI investment EBITDA net income revenue growth share buyback