Paycom Q2 Earnings Outshine Peers with 9.8% Revenue Growth

Paycom (NYSE:PAYC) tops HR software Q2 earnings, with revenues of $531.2 million, up 9.8% YoY, exceeding analysts' expectations by 3.5%. The company achieved the biggest analyst estimate beat and highest full-year guidance raise, but had the slowest revenue growth among peers. Paycom's stock is up 25.3% since reporting and currently trades at $218.96. Other HR software stocks reported satisfactory Q2, with revenues beating analysts' consensus estimates by 1.7%. The group's share prices are up 10.8% on average since the latest earnings results.