Paycom grows earnings, continues to expand OKC campusPublished: Wednesday, August 3, 2016
Paycom Software Inc. saw its earnings grow by 76 percent in the second quarter compared to the same period last year.
Meanwhile, the company said it would begin building a fourth building at its Oklahoma City headquarters to accommodate continued growth.
$10.4M in net income
The human resources solutions company reported net income of $10.4 million, or 18 cents per share in the second quarter, compared to $5.9 million, or 10 cents per share for the same period a year ago.
"We continue to experience new growth as it relates to onboarding of new clients," Richison said in an earnings call Tuesday.
Paycom posted record second-quarter revenue of $73.9 million, up 51 percent when compared to the same period in 2015.