Paylocity Holding Corp (NAS:PCTY)
$ 172.97 0.8 (0.46%) Market Cap: 9.76 Bil Enterprise Value: 9.33 Bil PE Ratio: 50.28 PB Ratio: 8.86 GF Score: 86/100
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Paylocity Holding Corp at TD Cowen Technology, Media & Telecom Conference Transcript

Jun 01, 2023 / 06:35PM GMT
Release Date Price: $171.23 (-0.88%)
Bryan C. Bergin
TD Cowen, Research Division - MD & Analyst

All right. Welcome to TD Cowen's 51st Annual TMT Conference. I'm Bryan Bergin, Cowen Services and HCM Software Analyst. Next up, we have Paylocity. Paylocity is a leading SaaS HCM vendor primarily focused on the U.S. SMB market. It serves over 33,000 clients as of the fiscal '22, and it will exceed about $1 billion of revenue this year. With us, we have Paylocity's President and co-CEO, Toby Williams. Toby has been with Paylocity since 2017, initially as CFO, and was promoted to co-CEO last year. So Toby, first off, thanks for being here.

Toby J. Williams
Paylocity Holding Corporation - President, Co-CEO & Director

Yes, of course. Thanks for having us.

Questions & Answers

Bryan C. Bergin
TD Cowen, Research Division - MD & Analyst

I want to just dive right into the demand on overall HCM. And if you can give us kind of the current state of the union on HCM solution demand, talk about how that's progressed over the last several quarters

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