Paycom Software, Inc. (“Paycom”) (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management (HCM) software, today announced it has been named the sixth fastest-growing company on Fortune magazine’s 2019 100 Fastest-Growing Companies list of domestic and foreign publicly traded companies. It is the only HCM provider in this year’s rankings.
A three-year honoree on Fortune’s annual list, Paycom landed above other technology companies such as Adobe, Amazon, Facebook and Salesforce. The Oklahoma City-based payroll and HR software provider is one of only two Oklahoma companies awarded a spot among this year’s group.
“We are focused on expanding the value we deliver to our clients,” said Paycom’s founder and chief executive officer, Chad Richison. “As our clients realize a greater return on their investments, they are telling their friends and driving more businesses to the Paycom solution. We believe we are in the early stages of a new era of innovation for our industry and are excited to be leading the way.”
Each organization’s overall rank on Fortune’s 100 Fastest-Growing Companies list was determined on three areas of performance over a three-year period, ending June 28, 2019: average annual revenue growth, average increase in earnings per share and total stock return. According to Fortune, the list provides a snapshot of trends driving the global economy, such as the continued ascendance of the technology sector, which makes up nearly one-third of this year’s honorees.
Some of Paycom’s 2019 highlights include second-quarter revenue of $169.3 million, up 31% from the prior-year period; releasing two new products, Ask HereTM and Direct Data ExchangeTM; and various community-oriented outreach projects.
To learn more about Fortune magazine’s 2019 100 Fastest-Growing Companies list, click here.
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 life cycle, 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.