Paylocity Login, Paylocity App Login, Paylocity Reviews, Paylocity Status Detail 2022

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What is Paylocity?

The HR professionals who use our all-in-one software platform have an easier way to manage the day-to-day duties involved in payroll, benefits, talent management, and workforce management. But what sets us apart from the competition is the fact that our technology is supported by a culture that genuinely cares about the success of our customers.

Simply said, providers are just going to sell you a product. But a partner is someone who is genuinely interested in you and your company. A partner is someone who invests the time to learn about you and comprehends your requirements. We collaborate with you to determine the approaches that will be most beneficial to your company right now while also laying the groundwork for increased success in the future. And the focus will be on your squad starting tomorrow.

Everything we do is geared toward assisting you in accomplishing the objectives you’ve set for yourself. Together, we take care of your day-to-day responsibilities so that you can devote more time to cultivating the kind of environment that both you and your employees covet.

Paylocity is the HR and Payroll firm that frees you from the tasks of today so that together, we can spend more time focusing on the promise of tomorrow. If you are a professional who craves true cooperation, Paylocity is the company for you.

Let’s move forward in this direction together.

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Paylocity Login

Please visit us at www.paylocity.com.

To log in, go to the top right of the screen and click “Login.”

How to sign in:

In the Company ID field, enter N1091.

Your Login ID or Name

Your Personal Code

Simply log in by clicking the button.

NOTE: “Remember My Username” is displayed here.

IF YOU ARE USING YOUR OWN COMPUTER, AND ONLY THIS BOX, CLICK IT (either at work or at home).

If you are using a public computer, such as the one in the library or the one in the breakroom of the Independence Center, YOU SHOULD NOT click on this box.

Have you forgotten the number that identifies your organization, your username, or your password?

Simply select “Help” from the menu.

The right side of the screen now has a new screen.

Simply choose the category of assistance that best fits your needs.

Please make sure you follow the following steps.

If you need assistance with your username or company ID, click here.

Please fill out the following fields with your information.

After entering a phone number, you will be given the option to receive either a text message (also spelled “text”) or an audio message.

or a voicemail message “voice”

Mark the box that says “I’m not a robot” by clicking on it.

Simply press the Continue button.

It is required that the given zip code matches the one we have on record. If you have recently moved, you should attempt looking for your old zip code.

There will be a code delivered to your phone in a moment (either text or phone call depending upon which you chose above)

Click “Continue”

Please type in the given code.

There will be a question about one of your security questions asked.

Answer

Simply press the Continue button.

The screen for logging in will appear.

Both the user name and the identification number have been populated.

Remember to write down the firm ID number as well as your user name!!!

In order to log in, please enter your password.

Have you completely forgotten your password?

Click the “I Forgot My Password” link.

Please complete the form on the following screen.

After entering a phone number, you will be given the option to receive either a text message (also spelled “text”) or an audio message.

or a voicemail message “voice”

Mark the box that says “I’m not a robot” by clicking on it.

Simply press the Continue button.

PLEASE TAKE NOTE: dashes are required in the phone number!

There will be a code delivered to your phone in a moment (either text or phone call depending upon which you chose above)

After entering the code, click the “Continue” button.

There will be a question about one of your security questions asked.

Answer

Simply press the Continue button.

Make up a new code for the password.

Check that the new password is correct.

Done! You can close this window now.

The screen for logging in will appear.

Sign in with the password that was just generated.

Check out the steps to logging in up top.

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Paylocity Announces Second Quarter Fiscal Year 2022 Financial Results

Paylocity Holding Corporation, a major provider of cloud-based HR and payroll software solutions, has just announced its financial results for the second quarter of the fiscal year 2022, which ended on December 31, 2021. The results may be found on the Nasdaq under the ticker symbol “PCTY.”

“Our differentiated value proposition, which consists of supplying the industry’s most cutting-edge software, combined with great sales execution, resulted in our second consecutive quarter of 34 percent revenue increase,” Our sales teams continue to develop momentum across all segments of our target market, and they generated record-setting performance during the selling season. This places us in a very good position heading into the second half of the fiscal year. Additionally, the acquisition of Cloudsnap, a low-code integration automation platform that facilitates the development and deployment of API integrations, was successfully completed in the month of January. According to Steve Beauchamp, Chief Executive Officer of Paylocity, “Cloudsnap’s technology will enable Paylocity to deliver modern integrations and seamless data sharing between critical systems more efficiently and effectively, while also helping to unify and automate business processes across HR, Finance, Benefits, and other systems.” Cloudsnap’s technology will also enable Paylocity to deliver modern integrations and seamless data sharing between critical systems.

Financial Highlights for the Second Quarter of the Fiscal Year 2022

Revenue:

The total revenue was $196.0 million, which represents a growth of 34 percent as compared to the second quarter of the fiscal year 2021.

The amount of revenue generated from recurring and other sources was $195.0 million, representing an increase of 34 percent compared to the second quarter of the fiscal year 2021.

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Earnings From Operations:

In the second quarter of the fiscal year 2022, the operating income determined by GAAP was $8.1 million, whereas the operating income determined by Non-GAAP was $36.6 million.

Income After Taxes:

According to generally accepted accounting principles (GAAP), the net income for the three months that ended on December 31, 2021, was $9.9 million, or $0.17 per share, based on 56.5 million diluted weighted average common shares outstanding.

Adjusted EBITDA:

The non-GAAP financial measure known as adjusted EBITDA came in at $46.6 million during the second quarter of the fiscal year 2022.

The Cash Flow Statement and the Balance Sheet:

At the end of the period, the company’s cash and cash equivalents amounted to a total of $84.1 million.

When compared to the cash flow from operations in the second quarter of the fiscal year 2021, which was $21.2 million, the cash flow from operations in the second quarter of the fiscal year 2022 was $31.0 million.

Paylocity did not have any long-term debt and had not made any withdrawals from its credit facility as of the 31st of December, 2021. In January 2022, Paylocity utilized its credit facility to obtain a loan in the amount of $50 million in order to finance the acquisition of Cloudsnap.

This press release, together with the tables that accompany it, includes a reconciliation of financial measures calculated in accordance with GAAP to those calculated without using GAAP. Under the heading “Non-GAAP Financial Measures,” which may be found further down this page, there is also a description of these metrics.

Business Outlook

Paylocity is providing the following guidance for both the third quarter and the entire fiscal year 2022. This guidance is based on information that was available as of the 3rd of February 2022.

During the third quarter of 2022:

It is anticipated that total sales will fall somewhere in the range of $239.0 million to $243.0 million, which would represent an increase in revenue of roughly 30 percent over the fiscal 2021 third quarter.

It is anticipated that the non-GAAP measure known as adjusted EBITDA will fall somewhere in the range of $77.0 million to $80.0 million.

The Year 2022 of the Budget:

It is anticipated that total revenue will fall somewhere in the range of $829.0 million to $834.0 million, which would represent a roughly 31 percent rise in comparison to the revenue generated in the fiscal year 2021.

The non-GAAP financial measure known as adjusted EBITDA is anticipated to fall somewhere in the range of $220.0 million to $224.0 million.

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We are unable to reconcile forward-looking non-GAAP Adjusted EBITDA to its directly equivalent GAAP financial metric because the information that is required to perform a reconciliation is not now accessible, nor can it be obtained without an unreasonable amount of work being expended.

Information Regarding the Conference Call

Today, at 4:30 p.m. Central Time, Paylocity will have a conference call to discuss the company’s financial results for the second quarter of its fiscal year 2022. (5:30 Eastern Time). Through the Investor Relations website of the company, which can be accessible at www.paylocity.com, one can listen to a live audio webcast of the conference call. Additionally, one can gain access to detailed financial information. If you would want to participate in the conference call by calling in, you can do so by dialing (855) 226-3021 or (315) 625-6892 and entering the passcode 3573468. There will be a webcast replay of the call that can be accessed and archived at any time at www.paylocity.com.

Regarding Paylocity

Paylocity is a market leader in the provision of HR and payroll software solutions that are hosted in the cloud. The company’s headquarters are located in Schaumburg, Illinois. Paylocity, which was established in 1997 and has been publicly traded since 2014, provides businesses with a simple and easy-to-use product suite that assists them in overcoming the obstacles of today while also moving them closer to the promise of tomorrow. Paylocity is a company that assists its clients in the process of creating great workplaces and assisting people in achieving their full potential through the use of automation, data-driven insights, and engagement. Paylocity is well-known for its distinctive culture and is consistently recognized as one of the best places to work. Please go to www.paylocity.com for any additional details.

Financial Metrics That Aren’t Based on GAAP

In this press release, the company makes use of certain non-GAAP financial measures, such as Adjusted EBITDA, adjusted gross profit, non-GAAP operating income, non-GAAP net income, non-GAAP net income per share, non-GAAP sales and marketing, non-GAAP total research and development, and non-GAAP general and administrative expenses, as well as free cash flow. A numerical measure of a company’s performance, financial position, or cash flow that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP is considered to be a non-GAAP financial measure. This is because these amounts are not normally excluded or included in the most directly comparable measure. Adjusted EBITDA is defined by us as the net income (loss) before interest expense, income tax expense (benefit), and depreciation and amortization expense. This net income (loss) is then adjusted to remove stock-based compensation expense and employer payroll taxes related to stock releases and option exercises, as well as other items that are described further on in this release. When calculating adjusted gross profit, certain expenses, such as stock-based compensation and employer payroll taxes connected to stock releases and option exercises, as well as amortization of capitalized internal-use software costs, are subtracted out. Adjustments are made to the non-GAAP operating income to exclude stock-based compensation expense and employer payroll taxes related to stock releases and option exercises, as well as the amortization of acquired intangibles and other items that are detailed further on in this release. The stock-based compensation expense and employer payroll taxes that are attributable to option exercises and stock releases are removed from the non-GAAP sales and marketing expense.

The non-GAAP version of general and administrative expenses has had the stock-based compensation expense and employer payroll taxes associated with stock releases and option exercises, as well as the amortization of acquired intangibles and other items that will be detailed later in this release, removed from the total amount. Non-GAAP net income and non-GAAP net income per share are adjusted to remove stock-based compensation expense and employer payroll taxes related to stock releases and option exercises, the amortization of acquired intangibles, and other items as described later in this release, including the income tax effect on these items, the valuation allowance release, excess tax benefit related to employee stock-based compensation payments, and the impact of tax reform. Non-GAAP net income and non-GAAP net income per share are also adjusted to remove the impact of tax The total amount of research and development is recalculated in accordance with non-GAAP accounting standards to account for capitalized costs associated with software used internally, as well as to remove expenses related to stock-based compensation and employer payroll taxes that are associated with stock releases and option exercises.

Free cash flow is calculated by subtracting capitalized internal-use software costs, the acquisition of property and equipment, and lease allowances utilized for tenant upgrades from the total amount of net cash supplied by operational activities. Please take into consideration the possibility that other businesses define their non-GAAP financial statistics differently than we do here at this company.

The management presents certain financial measures that are not calculated in accordance with GAAP in this release because it believes that these measures are useful supplementary indicators of performance. These non-GAAP financial measures are utilized by management for the purpose of planning, which includes the analysis of the company’s performance in comparison to previous time periods, the development of operating budgets, and the establishment of appropriate levels of operating and capital investments.

When analyzing and assessing the company’s financial and operational performance, the management thinks that these non-GAAP financial measurements offer analysts and investors additional insight into the company’s performance. Because management intends to present these non-GAAP financial measures as part of the company’s future earnings talks, including the non-GAAP financial measures in the company’s financial reporting should provide consistency in the company’s reporting of its financial position.

There are restrictions placed on the usefulness of non-GAAP financial measures as an analytical tool. The reconciliation of the non-GAAP metrics to their most directly comparable GAAP measures has been provided in this release, and investors are strongly advised to evaluate it.

Statements Regarding Safe Harbor and Forward-Looking Activities

Forward-looking statements are included in this press release, and they are subject to a variety of serious risks and concerns. All statements that are not statements of historical facts that are included in this document regarding Paylocity’s future operations, its ability to scale its business, its future financial position and performance, its future revenues, projected costs, prospects, plans, and objectives of management are forward-looking statements. These statements include everything that is not a statement of historical fact. Although not all forward-looking statements include the identifying words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “will,” “would,” and “aim,” those words and similar phrases (or the negation of these terms) are intended to identify forward-looking information. These statements include, among other things, estimates made by management regarding future revenues and financial performance, as well as other statements about management’s beliefs, intentions, or goals. In addition, these forward-looking statements may include statements that refer to other factors. You should not place an undue amount of reliance on Paylocity’s forward-looking statements, as it is possible that the company will not really accomplish the expectations that have been revealed in the forward-looking statements.

These forward-looking statements include risks and uncertainties that could cause actual results or events to differ materially from the expectations disclosed in the forward-looking statements. Examples of such risks and uncertainties include, but are not limited to, the possibility that the anticipated synergies of the unified solution through Paylocity’s recent acquisitions of Blue Marble and Cloudsnap may not be achieved and the combined operations may not be successfully integrated into a timely manner if at a successful integration is achieved at all.

The ongoing impact that COVID-19 is having on Paylocity’s staff as well as its customers, as well as Paylocity’s capacity to meet the requirements of its customers and provide them with the services they require; the capacity of Paylocity to maintain relationships with its existing customers and to get new customers to sign up for subscriptions to its many service offerings; the capacity of Paylocity to offer new items to both its new and existing customers as well as to continue to maintain subscriptions for its present products;

the difficulties that come with a rising company’s capacity to provide efficient service to customers in an environment that is both dynamic and competitive; difficulties that arise when attempting to grow and adapt a sales organisation so that it can effectively address new regions, goods, and services Paylocity’s reliance on third party payroll partners in international countries for its Blue Marble business; issues relating to cybersecurity threats and the evolution of cybersecurity rules; Paylocity’s capacity to extend its referral network of third parties; difficulties associated with accurately forecasting revenue and appropriately planning expenses; challenges associated with effectively managing growth;

difficulties in forecasting Paylocity’s tax position; risks related to regulatory, legislative, and judicial uncertainty in Paylocity’s markets; continued acceptance of SaaS as an effective method for delivery of payroll and HCM solutions; Paylocity’s ability to protect and defend its intellectual property; the risk that Paylocity’s competitors will be able to undercut Paylocity’s pricing; and the possibility that Paylocity Paylocity’s future quarterly reports on Form 10-Q, annual reports on Form 10-K, and other filings that Paylocity makes with the SEC will also contain additional information that will be set forth in such reports.

At the time that this news release was written, the expectations reflected in these forward-looking statements were held by Paylocity. Paylocity disclaims any obligation to update or alter these forward-looking statements in the future, whether as a result of new information, future events, or any other reason. Subsequent events, including events relating to the COVID-19 pandemic and its severity, duration, and ultimate impact, may cause these expectations to change.