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Paycom Listed Fourth on Forbes’ Fast Tech 25 List

Paycom Listed Fourth on Forbes’ Fast Tech 25 List

OKLAHOMA CITY – Paycom Software, Inc. (“Paycom”) (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, today announced it has ranked fourth on Forbes magazine’s 2017 Fast Tech 25, a list of America’s fastest-growing publicly traded technology companies.

Paycom’s inaugural inclusion on Forbes’ Fast Tech 25 ranks Oklahoma City’s fastest-growing publicly traded company above notable companies such as Amazon, PayPal and Google’s parent company, Alphabet and just two spots behind Facebook.

“Placing in the top five of this list is a testament to our HCM technology, and our continuing emphasis as a sales- and service-oriented organization,” said Paycom’s founder and chief executive officer, Chad Richison.

Paycom’s 2016 financial highlights include revenue of $329.1 million, a 46.5 percent increase over the comparable prior year, and a compound annual growth rate of 45 percent over the previous three years.

Forbes annually reviews more than 5,000 publicly traded tech companies in search of profitable businesses with a minimum revenue of $150 million, a minimum market value of $500 million and sales growth of at least 10 percent for each of the past three fiscal years and over the latest 12 months. The Fast Tech 25 ranking order is based on each company’s three-year average sales growth rate, in descending order.

According to Forbes, the companies on the Fast Tech 25 have three years of strong sales growth combined with industry-leading projected earnings growth for the next three to five years. To learn more about the Forbes Fast Tech 25 list for 2017, click here.

About Paycom
For nearly 25 years, Paycom Software, Inc. (NYSE:PAYC) has simplified businesses and the lives of their employees through easy-to-use HR and payroll technology to empower transparency through direct access to their data. And thanks to its industry-first solution, Beti®, employees now do their own payroll and are guided to find and fix costly errors before payroll submission. From onboarding and benefits enrollment to talent management and more, Paycom’s software streamlines processes, drives efficiencies and gives employees power over their own HR information, all in a single app. Recognized nationally for its technology and workplace culture, Paycom can now serve businesses of all sizes in the U.S. and internationally.