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posted: 11/6/2020 2:33 PM

Paylocity revenue up 7% in quarter

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SCHAUMBURG -- Paylocity Holding Corp., a provider of cloud-based HR and payroll software solutions, said revenue grew 7% in its fiscal year first quarter.

"Despite the challenges of the COVID-19 pandemic, we are off to a strong start in fiscal 2021, with 11% growth in recurring and other revenue and 7% total revenue growth. Our sales team continues to perform well and gain momentum during the busy fall selling season, and we continue to be pleased with the velocity we're seeing within our product suite, as we focus on being the most modern (human capital management) platform," said Steve Beauchamp, chief executive officer of Paylocity.