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Paylocity (NASDAQ:PCTY) Reports Q2 In Line With Expectations But Stock Drops

Payroll and human resources software provider, Paylocity (NASDAQ:PCTY) reported results in line with analysts' expectations in Q2 FY2024, with revenue up 19.5% year on year to $326.4 million. On the other hand, the company expects next quarter's revenue to be around $397 million, slightly below analysts' estimates. It made a non-GAAP profit of $1.49 per share, improving from its profit of $1.12 per share in the same quarter last year.

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