The HR software firm projects annual revenue growth as its Ignite AI platform expands and share repurchases continue.
Paylocity forecast fiscal 2027 revenue between $1.88 billion and $1.90 billion, reflecting continued growth driven by its Ignite AI rollout and ongoing buyback program. The guidance follows a strong fiscal 2026, where recurring revenue rose 12.4% and total revenue increased 11% in Q4.
In the prior year, the company reported fiscal 2026 revenue of $1.65 billion, with management highlighting platform innovation and market positioning as key growth drivers. The new guidance suggests sustained momentum in enterprise adoption and product expansion.
Shares showed limited immediate reaction in after-hours trading, as investors digested the outlook alongside existing growth trends.