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Earnings

Paycor Announces Second Quarter Fiscal Year 2023 Financial Results,  Total Revenues up 29% Year-over-year to $132.9 Million

Q2  Total revenues of $ 132.9  million,  an increase  of  29%  year-over-year, while expanding margins Q2 Recurring revenue of $ 125.0  million, an increase of  22%  year-over-year, and the fifth consecutive quarter of achieving our long-te

Feb 8, 2023
Earnings

Paylocity Announces Second Quarter Fiscal Year 2023 Financial Results, Total Revenue up 39% Year-over-year to  $273.0 million

Q 2   2023  Recurring & Other Revenue of  $256.4  million,  up   31%  year-over-year Q 2   2023  Total Revenue of  $273.0  million,  up   39%  year-over-year SCHAUMBURG, Ill., Feb. 02, 2023 -- Paylocity Holding Corporation (Nasdaq: PCTY), a

Feb 2, 2023
Venture Capital

CAVU HCM Acquires Two Payroll Service Companies Continuing its Accelerated Growth

PEORIA, Ill. ,  Feb. 2, 2023  -- Today, CAVU Human Capital Management   (HCM), an emerging provider of technology, payroll, human resources, and workforce management solutions, announced it has acquired ABCS Payroll located in  DuBois, Penn

Feb 2, 2023
Column

ADP Reports Second Quarter Fiscal 2023 Results

ADP Reports Second Quarter Fiscal 2023 Results •Revenues increased 9% compared to last year's second quarter to $4.4 billion; 10% organic constant currency •Net earnings increased 17% to $813 million, and adjusted net earnings increased 17%

Jan 26, 2023
Column

Josh Bersin:HR Technology 2023: What’s Hot? What’s Not?

The HR Tech market has been on fire for the last few years. More than $15 Billion of venture and PE money was invested and the number of startups is astounding. The average large company now has  more than 80 different employee-facing syste

Dec 26, 2022
Company News

UKG Achieves Record Fiscal 2022, Surpassing Subscription and Revenue Goals

Higher revenue driven by significant increase in new name customer bookings, existing customer cloud migrations across UKG suite LOWELL, Mass., & WESTON, Fla- UKG , a leading provider of HR, payroll, and workforce management solutions for a

Dec 5, 2022
Company News

Workday Announces Fiscal 2023 Third Quarter Financial Results

Fiscal Third Quarter Total Revenues of  $1.60 Billion , Up 20.5% Year Over Year Subscription Revenues of  $1.43 Billion , Up 22.3% Year Over Year 24-Month Subscription Revenue Backlog of  $8.62  Billion, Up 21.1% Year Over Year Total Subscr

Nov 30, 2022
Venture Capital

HR Company Deel Completes PayGroup Acquisition

Deel has completed its $AU 121M acquisition of APAC-based payroll and HCM company  PayGroup Limited . PayGroup is now part of Deel , a private San Francisco-based payroll company, and has been delisted from the Australian Stock Exchange. In

Nov 23, 2022
Company News

UKG Launches Startup Ecosystem for Early Stage Companies

Early-stage companies from around the world with a focus on people and shared vision for Life-work Technology benefit from collaboration and co-creation with UKG UKG , a leading provider of HR, payroll, and workforce management solutions fo

Nov 8, 2022
Product News

The Global HR Software Market is expected to grow by $11.17 bn during 2022-2026, accelerating at a CAGR of 10.68% during the forecast period

The analyst has been monitoring the HR software market and it is poised to grow by  $11.17 bn  during 2022-2026, accelerating at a CAGR of 10.68% during the forecast period. Our report on the HR software market provides a holistic analysis,

Nov 7, 2022
Venture Capital

UKG Acquires Workforce Planning Startup

LOWELL, Mass. & WESTON, Fla. —-  UKG Inc. , a leading provider of HR, payroll, and workforce management solutions for all people, today announced the acquisition of  Quorbit , a U.K.-based startup specializing in long-term workforce plannin

Nov 5, 2022
Earnings

Paylocity Announces First Quarter Fiscal Year 2023 Financial Results

Q 1   2023  Recurring & Other Revenue of  $245.4  million,  up   36%  year-over-year Q 1   2023  Total Revenue of  $253.3  million,  up   39%  year-over-year SCHAUMBURG, Ill., Nov. 03, 2022 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation

Nov 3, 2022
Earnings

Paycor Announces First Quarter Fiscal Year 2023 Financial Results

Q1  Total revenue of $ 118.3  million,  an increase  of  28%  year-over-year, while delivering increased profitability Q1 Recurring revenue of $ 114.2  million, an increase of  24%  year-over-year, driven by continued strong demand Raises F

Nov 3, 2022
Company News

ADP President Maria Black to succeed CEO Carlos Rodriguez, Effective January 1, 2023

ROSELAND, N.J. ,  Oct. 26, 2022  /PRNewswire/ -- ADP, a leading global technology company providing human capital management (HCM) solutions, announced today that its board of directors has appointed  Maria Black  to succeed  Carlos Rodrigu

Oct 27, 2022
Venture Capital

Paycor Acquires Talenya to Extend Industry-leading Technology Platform with AI Recruiting

Paycor HCM, Inc.  ("Paycor") (Nasdaq: PYCR), a leading provider of human capital management (HCM) software, today announced the acquisition of Talenya, a cutting-edge, AI-driven recruiting platform that automatically sources quality talent

Oct 16, 2022
Venture Capital

Workstream Lands another $60 Million

Funding to support Workstream’s expansion into new industries and products for the burgeoning deskless workforce SAN FRANCISCO —-  Workstream , the mobile-first hiring and onboarding platform for the deskless workforce, today announced it h

Sep 29, 2022
Venture Capital

Atlas Raises Series B Strategic Investment of up to $200 Million from Sixth Street Growth

Global HCM Technology company to invest in scaling its global workforce management platform to support innovative companies looking for flexible solutions to navigate the new world of work CHICAGO ,  Sept. 15, 2022 -- Atlas , an industry le

Sep 15, 2022
Column

Workday and VNDLY: Our Vision for the Future of Total Workforce Management

With Workday and VNDLY, a Workday company, organizations can create a holistic talent strategy that maximizes their extended pool of talent. The rapid pace of change has reshaped not only the nature of work but also who does the work—as in,

Sep 11, 2022
Venture Capital

Sense Acquires AI-Powered Recruitment Provider, Skillate

San Francisco, CA – September 8, 2022  – Today,  Sense , the market leader in AI-driven talent engagement solutions for recruiting, announced its acquisition of  Skillate , an AI recruitment platform incubated within  SAP Startup Studio . T

Sep 8, 2022
Venture Capital

Namely Merges with Vensure Employer Services + PrismHR

NEW YORK —  Namely , the leading HR platform for mid-sized companies, today confirmed it has merged with the organization recently created by the combination of Vensure Employer Services and PrismHR. Vensure Employer Services is one of the

Sep 6, 2022
Company News

beqom Acquires Our Tandem To Transform Performance and Rewards

NYON, SWITZERLAND —  beqom, the total compensation management solution, today announced the acquisition of Our Tandem, a continuous performance management platform that drives people development through personalized feedback, coaching, and

Aug 30, 2022
Column

Next Generation HCM: It May Be Closer Than You Think.

But in the meantime, I want to talk about a big topic:  Next Gen HCM . What Is Next-Gen HCM? The Human Capital Management (HCM) market is a massive, business-critical market. Going back to the days of mainframe computers, applications like

Aug 28, 2022
Earnings

Paycor Announces Fourth Quarter and Fiscal Year 2022 Financial Results

Q4 Total revenue of $111.0 million, an increase of 26% year-over-year, with expanding margins FY’22 Total revenue of $429.4 million, an increase of 22% year-over-year FY’23 revenue guidance of $510-$516 million, an increase of 20 %  year-ov

Aug 23, 2022
Venture Capital

CompTrak Pursues Vision Of Better Compensation Management Software With Funding From BDC Capital

Toronto, CANADA – CompTrak , the award-winning Compensation Management software company is set for accelerated growth, having secured funding from BDC Capital, the investment arm of BDC. The injection of non-dilutive financing from BDC Capi

Aug 16, 2022
Company News

TriNet Announces Second Quarter 2022 Results

9% Growth in Total Revenues to  $1.2 Billion 17%  Growth in Professional Service Revenues to $182 million Net Income per Diluted Share of  $1.35  and Adjusted Net Income per Diluted Share  $1.72 DUBLIN, Calif. ,  July 26, 2022  /PRNewswire/

Jul 26, 2022
Column

New Research: Cloud-Based HCM Can Redefine Employee Experience

We just completed two years of research on cloud-based HCM (human capital management) systems and the results are striking. Among the 35+ implementations we studied, the findings are now clear: these systems do much more than clean up IT sy

Jun 15, 2022
Company News

How to Solve the Challenges of Headcount Reconciliation

Finance and HR routinely produce headcount numbers that don’t match—and that’s a problem. A simple count of employees should be a fairly straightforward process. After all, how difficult can it be to get an accurate number of the people you

Jun 10, 2022
JoshBersin

Josh Bersin: ServiceNow Acquires Hitch: Entering The Skills And HCM Market

Today was some big news. ServiceNow, the leader in enterprise workflow and employee experience platforms,  announced the acquisition of Hitch , a small player in the massive market for skills technology and talent marketplace solutions. Thi

Jun 3, 2022
Company News

UKG Names Chris Todd as Chief Executive Officer

Aron Ain transitions to UKG Executive Chair UKG , a leading provider of HR, payroll, and workforce management solutions for all people, today announced that Chris Todd, president of UKG, has been appointed chief executive officer (CEO), eff

Jun 1, 2022
Product News

Human Capital Management (HCM) Solutions Market to observe USD 12.16 Bn growth | 34% growth to originate from North America

NEW YORK ,  May 25, 2022  /PRNewswire/ -- The  global human capital management solutions market size  is expected to increase by  USD 12.16 billion  between 2020 and 2025. The market observed a YOY growth of 9.52% in 2021 and the growth mom

May 27, 2022
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