Paycor HCM, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2022
August 23, 2022 at 04:15 pm EDT
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Paycor HCM, Inc. reported earnings results for the fourth quarter and full year ended June 30, 2022. For the fourth quarter, the company reported sales was USD 109.7 million compared to USD 87.58 million a year ago. Revenue was USD 110.99 million compared to USD 88.01 million a year ago. Net loss was USD 23.82 million compared to USD 32.81 million a year ago. Basic loss per share from continuing operations was USD 0.14 compared to USD 0.23 a year ago.
For the full year, sales was USD 427.03 million compared to USD 350.96 million a year ago. Revenue was USD 429.39 million compared to USD 352.78 million a year ago. Net loss was USD 119.64 million compared to USD 96.92 million a year ago. Basic loss per share from continuing operations was USD 0.69 compared to USD 0.66 a year ago.
Paycor HCM, Inc. is a provider of human capital management (HCM) software in the United States. The Company offers solutions, such as payroll, human resources (HR) services, talent management, workforce management, benefits administration, reporting and analytics, and other payroll-related services. Its services are generally provided in a Software-as-a-Service (SaaS) delivery model utilizing a cloud-based platform. The Companyâs solutions target small and medium-sized businesses. The Company's HCM solution automates routine management tasks so frontline leaders can focus on the key elements that drive business performance and employee engagement, such as goal setting, coaching and talent development. The Company's comprehensive suite of solutions enables organizations to streamline administrative workflows and achieve regulatory compliance while serving as the single, secure system of record for employee data.
PAYCOR HCM, INC. 
