Paycom Ranks No. 6 on Fortune’s 100 Fastest-Growing Companies List
August 16 2019 - 9:15AM
Business Wire
Paycom is the highest-ranking software company
on this year's list
Paycom Software, Inc. (“Paycom”) (NYSE:PAYC), a leading provider
of comprehensive, cloud-based human capital management (HCM)
software, today announced it has been named the sixth
fastest-growing company on Fortune magazine’s 2019 100
Fastest-Growing Companies list of domestic and foreign publicly
traded companies. It is the only HCM provider in this year’s
rankings.
A three-year honoree on Fortune’s annual list, Paycom landed
above other technology companies such as Adobe, Amazon, Facebook
and Salesforce. The Oklahoma City-based payroll and HR software
provider is one of only two Oklahoma companies awarded a spot among
this year's group.
“We are focused on expanding the value we deliver to our
clients,” said Paycom’s founder and chief executive officer, Chad
Richison. “As our clients realize a greater return on their
investments, they are telling their friends and driving more
businesses to the Paycom solution. We believe we are in the early
stages of a new era of innovation for our industry and are excited
to be leading the way.”
Each organization’s overall rank on Fortune’s 100
Fastest-Growing Companies list was determined on three areas of
performance over a three-year period, ending June 28, 2019: average
annual revenue growth, average increase in earnings per share and
total stock return. According to Fortune, the list provides a
snapshot of trends driving the global economy, such as the
continued ascendance of the technology sector, which makes up
nearly one-third of this year’s honorees.
Some of Paycom's 2019 highlights include second-quarter revenue
of $169.3 million, up 31% from the prior-year period; releasing two
new products, Ask HereTM and Direct Data ExchangeTM; and various
community-oriented outreach projects.
To learn more about Fortune magazine’s 2019 100 Fastest-Growing
Companies list, click here.
About Paycom
As a leader in payroll and HR technology, Oklahoma City-based
Paycom redefines the human capital management industry by allowing
companies to effectively navigate a rapidly changing business
environment. Its cloud-based software solution is based on a core
system of record maintained in a single database for all human
capital management functions, providing the functionality that
businesses need to manage the complete employment life cycle, from
recruitment to retirement. Paycom has the ability to serve
businesses of all sizes and in every industry. As one of the
leading human capital management providers, Paycom serves clients
in all 50 states from offices across the country.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190816005248/en/
Media Contact: Jason Bodin media@paycom.com
Investor Relations Contact: James Samford, 800-580-4505
investors@paycom.com
Paycom Software (NYSE:PAYC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Paycom Software (NYSE:PAYC)
Historical Stock Chart
From Apr 2023 to Apr 2024