SCHAUMBURG, Ill. (AP) _ Paylocity Holding Corp. (PCTY) on Thursday reported fiscal first-quarter profit of $30.4 million.

The Schaumburg, Illinois-based company said it had profit of 54 cents per share. Earnings, adjusted for one-time gains and costs, were 98 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.

The provider of cloud-based payroll and human-resources software services posted revenue of $253.3 million in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $239.9 million.

For the current quarter ending in December, Paylocity said it expects revenue in the range of $257 million to $261 million.

The company expects full-year revenue in the range of $1.12 billion to $1.13 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PCTY at https://www.zacks.com/ap/PCTY

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