Summary:
– Paycom projects 2025 growth about 9% higher than 2024 after strong Q2 results.
– CEO Chad Richison credits AI engine IWant for boosting sales and automation.
– Stock price gains nearly 13% year to date, beating S&P 500 performance.
Paycom’s stock price spiked after the Oklahoma City -based software company told investors it was raising its growth targets for 2025, projecting year-end growth to be about 9% higher than 2024.
In a corporate earnings report released last week, Paycom Chief Executive Chad Richison praised his company’s performance this year, attributing the company’s success to a historic technological advancement that leads the industry.
“We delivered very strong results this quarter, and we are raising our growth and margin targets for 2025,” Ri