OKLAHOMA CITY – Paycom Software Inc. reported total revenues of $285 million in the fourth quarter of 2021, a 29% increase from the same period in 2020, the company said in a news release.
The Oklahoma City-based company recently announced its financial results for the fourth quarter of 2021 and the year ending Dec. 31. Financial highlights for the quarter included:
* The company took in recurring revenues of $280 million, an increase of 29.2% from the same period last year. That amount constituted 98.3% of total revenues.
* General Accepted Accounting Principles net income was $48.7 million, or 84 cents per diluted share. GAAP net income was $24.4 million, or 42 cents per diluted share, for the same period last year.
* Non-GAAP net income was $64.4 million, or $1.11 per diluted share. That was an increase from $49.1 million, or 84 cents per diluted share, in the same period last year.