Paycom Ranks No. 5 on Fortune’s 100 Fastest-Growing Companies List
23 August 2018 - 11:15PM
Business Wire
Paycom Software, Inc. (“Paycom”) (NYSE:PAYC), a leading provider
of comprehensive, cloud-based human capital management software,
today announced it has been named the fifth fastest-growing company
on Fortune magazine’s 2018 100 Fastest-Growing Companies list of
domestic and foreign publicly traded companies, based on growth in
revenues, profits and stock returns over the past three years.
Now in its second year on the list, Paycom is the only
software-as-a-service technology provider in the payroll and human
capital management (HCM) industry to place in the top 100, and
landed above notable technology companies such as Facebook, Amazon
and Netflix. The Oklahoma City-based HCM provider placed second on
the 2017 list.
“Earning a spot in the top five of this prominent list for a
second consecutive year is a testament to our technology, our
employees and our focus on the client experience,” said Paycom’s
founder and chief executive officer, Chad Richison.
Each company’s overall rank on Fortune’s 100 Fastest-Growing
Companies list was determined based on three areas of performance
over a three-year period, ending June 29, 2018: average annual
revenue growth; average increase in earnings per share; and total
stock return. According to Fortune, the list provides a snapshot of
the trends driving the global economy, such as the continued
ascendance of the technology sector, which makes up nearly
one-third of this year’s list.
Paycom’s 2017 financial highlights include revenue of $433
million, a 32% increase over the comparable prior year, and a
compound annual growth rate of 42% over the previous three
years.
To learn more about Fortune magazine’s 2018 100 Fastest-Growing
Companies list, click here.
About Paycom
As a leader in payroll and HR technology, Oklahoma City-based
Paycom redefines the human capital management industry by allowing
companies to effectively navigate a rapidly changing business
environment. Its cloud-based software solution is based on a core
system of record maintained in a single database for all human
capital management functions, providing the functionality that
businesses need to manage the complete employment lifecycle, from
recruitment to retirement. Paycom has the ability to serve
businesses of all sizes and in every industry. As one of the
leading human capital management providers, Paycom serves clients
in all 50 states from offices across the country.
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Paycom Software, Inc.Media Contact:Kristen Sharkey,
800-580-4505media@paycom.comorInvestor Relations Contact:David
Niederman, 855-603-1620investors@paycom.com
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