Sorry, my last post should have been under a PAYC title.
Saul
Your last post that I see was for a response regarding AMBA. Have you posted something regarding PAYC earnings?
Hi Galba, you responded to post 13354. My last post that I referred to was the post immediately before that, 13353. I thought that was pretty clear, but I guess I should have included a link to the immediately preceding post.
http://discussion.fool.com/i-wrote-this-in-my-end-of-the-month-s…
Hi Saul, Your post 133565 was the start of a new thread titled PAYC. I didn’t realize that you were referring to a post from a different thread. Thanks for straightening it out for me.
Gayle
The market seems to like PAYC, up 16% so far for the day.
Per MF public article
So what: In the third quarter, Paycom’s sales increased by 51% year over year to land at $55.3 million. Adjusted earnings rose 60% higher, to $0.08 per diluted share. Analysts would have settled for earnings near $0.07 per share on roughly $51.5 million in top-line revenues.
Now what: The fantastic revenue performance looks all the more impressive when you consider that 98% of the company’s sales are tied to long-term contracts. Repeatable sales actually increased by 113% year over year, outpacing the growth of non-contract revenues. In other words, this is not just a single quarter of great sales but the formation of a solid, repeatable revenue base for the next several years.
http://www.fool.com/investing/general/2015/11/04/why-paycom-…
The trend is your friend. We may want to keep some here - reoccurring revenue - Netflix anyone?
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