Paylocity revenue up 13% in past year

SCHAUMBURG - Paylocity Holding Corp. announced fourth quarter and full fiscal year financial results, including total revenue of $635.6 million, up 13% year-over-year.

In the fourth quarter, total revenue was $167.5 million, up 28% over the same period in fiscal year 2020.

"Against the backdrop of the COVID-19 pandemic, we had a solid fiscal '21, which included 16% recurring and other revenue growth and strong momentum across the business as we head into fiscal '22," said Steve Beauchamp, chief executive officer of Paylocity.

Schaumburg-based Paylocity is a leading provider of cloud-based Human Resources and payroll software solutions. The company's products focus on the modern workforce, including employee surveys, premium video and learning management, all areas that saw significant increases in utilization during the past pandemic year, Beauchamp said.

Fourth quarter total revenue was $167.5 million, up 28% year-over-year, the company said.