Why Paycom’s (PAYC) AI Investment Strategy Raises New Questions After Third-Quarter Earnings Miss
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Earlier this week, Paycom Software reported its third-quarter earnings, highlighting revenue of US$493.3 million, adjusted earnings per share of US$1.94, and the launch of its AI-driven product ‘IWant,’ while maintaining full-year guidance and announcing a quarterly dividend of US$0.375 per share.
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An interesting aspect of the recent updates is Paycom’s ongoing focus on AI innovation, underscored by a US$100 million investment in data centers to support AI capabilities and expanded client engagement with automation.
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We’ll now examine how the third-quarter earnings miss and continued AI investment shape Paycom Software’s investment outlook.
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