OKLAHOMA CITY – Paycom Software, Inc. (“Paycom”) (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, today announced it has been named the fifth fastest-growing company on Fortune magazine’s 2018 100 Fastest-Growing Companies list of domestic and foreign publicly traded companies, based on growth in revenues, profits and stock returns over the past three years.
Now in its second year on the list, Paycom is the only software-as-a-service technology provider in the payroll and human capital management (HCM) industry to place in the top 100, and landed above notable technology companies such as Facebook, Amazon and Netflix. The Oklahoma City-based HCM provider placed second on the 2017 list.
“Earning a spot in the top five of this prominent list for a second consecutive year is a testament to our technology, our employees and our focus on the client experience,” said Paycom’s founder and chief executive officer, Chad Richison.
Each company’s overall rank on Fortune’s 100 Fastest-Growing Companies list was determined based on three areas of performance over a three-year period, ending June 29, 2018: average annual revenue growth; average increase in earnings per share; and total stock return. According to Fortune, the list provides a snapshot of the trends driving the global economy, such as the continued ascendance of the technology sector, which makes up nearly one-third of this year’s list.
Paycom’s 2017 financial highlights include revenue of $433 million, a 32% increase over the comparable prior year, and a compound annual growth rate of 42% over the previous three years.
To learn more about Fortune magazine’s 2018 100 Fastest-Growing Companies list, click here.