Paylocity Holding Corporation (PCTY) Q3 2023 Earnings Call Transcript

For the period ending March 31, 2023

May 4, 2023 5:30 p.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good day, and welcome to the Paylocity Holding Corporation Third Quarter 2023 Fiscal Year Results Call. At this time all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker, Mr. Ryan Glenn, Chief Financial Officer. Please go ahead, sir.

Ryan Glenn

Good afternoon, and welcome to Paylocity's earnings results call for the third quarter of fiscal 2023, which ended on March 31, 2023. I'm Ryan Glenn, Chief Financial Officer; and joining me on the call today are Steve Beauchamp and Toby Williams, Co-CEOs of Paylocity. Today, we will be discussing the results announced in our press release issued after the market closed. A webcast replay of this call will be available for the next 45 days on our website under the Investor Relations tab.

Before beginning, we must caution you that today's remarks, including statements made during the question-and-answer session, contain forward-looking statements. These statements are subject to numerous important factors, risks and uncertainties, which could cause actual results to differ from the results implied by these or other forward-looking statements. Also, these statements are based solely on the present information and are subject to risks and uncertainties that can cause actual results to differ materially from those projected in the forward-looking statements. For additional information, please refer to our filings with the Securities and Exchange Commission for the risk factors contained therein and other disclosures. We do not undertake any duty to update any forward-looking statements.

Also, during the course of today's call, we will refer to certain non-GAAP financial measures. We believe that non-GAAP measures are more representative of how we internally measure the business, and there is a reconciliation schedule detailing these results currently available in our press release, which is located on our website at paylocity.com under the Investor Relations tab and filed with the Securities and Exchange Commission. Please note that we are unable to reconcile any forward-looking non-GAAP financial measure to their directly comparable GAAP financial measure because the information which is needed to complete a reconciliation is unavailable at this time without unreasonable effort.

In regards to our upcoming conference schedule, Toby will be attending the Cowen Annual Technology Media and Telecom Conference in New York on June 1st. I will be attending the Jefferies Software Conference in Los Angeles also on June 1st, and Toby and I will be attending the Stifel Cross Sector Insight Conference in Boston on June 6 and the Baird Global Consumer Technology and Services Conference in New York on June 7. And Steve will be attending the William Blair Growth Conference in Chicago also on June 7. Please let me know if you'd like to schedule time with us at any of these events.