Paycom Ranks No. 2 on Fortune’s 100 Fastest-Growing Companies List
OKLAHOMA CITY – Paycom Software, Inc. (“Paycom”) (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, today announced it ranks second on Fortune magazine’s 2017 100 Fastest-Growing Companies list of domestic and foreign publicly traded companies, based on their past three years’ growth in revenues, profits and stock returns.
In its first year of eligibility for the list, Paycom is the only software-as-a-service technology provider in the payroll and human capital management (HCM) industry among the top 100, and landed above technology giants Facebook and Amazon. The Oklahoma City-based HCM provider is second only to Natural Health Trends, a California-based multilevel marketer of health and beauty products. Paycom is the only Oklahoma company to make the annual prestigious list.
“Placing in the top three of this coveted list is a testament to our technology, our people and our continuing emphasis of providing best-in-class service to our clients,” said Paycom’s founder and chief executive officer, Chad Richison.
Each company’s overall rank on Fortune’s 100 Fastest-Growing Companies list is determined based on three areas of performance over a three-year period, ending June 30, 2017: average annual revenue growth, average increase in earnings per share and total stock return.
Paycom’s 2016 financial highlights include revenue of $329.1 million, a 46.5% increase over the comparable prior year; and a compound annual growth rate of 45% over the previous three years.
To learn more about Fortune magazine’s 2017 100 Fastest-Growing Companies list, click here.