Paycor HCM, Inc. (NASDAQ:PYCR) Q1 2024 Earnings Conference Call November 8, 2023 5:00 PM ET
Company Participants
Rachel White - Vice President, Investor Relations
Raul Villar - Chief Executive Officer
Adam Ante - Chief Financial Officer
Conference Call Participants
Kevin Kumar - Goldman Sachs
Bhavin Shah - Deutsche Bank
Terrell Tillman - Truist Securities
Scott Berg - Needham & Company
Brian Peterson - Raymond James
Mark Marcon - Baird
Arti Vula - JPMorgan
Steve Enders - Citi
Daniel Jester - BMO Capital Markets
Matt Pfau - William Blair
Kevin McVeigh - UBS
Robert Simmons - D.A. Davidson
Operator
Ladies and gentlemen, thank you for standing by and welcome to Paycor’s First Quarter Fiscal Year 2024 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Rachel White, Vice President of Investor Relations. Please go ahead.
Rachel White
Good afternoon and welcome to Paycor’s earnings call for the first quarter of fiscal year 2024, which ended on September 30. On the call with me today are Raul Villar, Jr., Paycor’s Chief Executive Officer; and Adam Ante, Paycor’s Chief Financial Officer.
Our financial results can be found in our press release issued today, which is available on the Investor Relations section of our website. Today’s call is being recorded, and a replay will be available on our website following the conclusion of the call.
Statements made on this call include forward-looking statements related to our financial results, products, customer demand, operations and other matters. These statements are subject to risks, uncertainties and assumptions and are based on management’s current expectations as of today and may not be updated in the future. Therefore, these statements should not be relied upon as representing our views as of any subsequent date. We also will refer to certain non-GAAP financial measures and key business metrics to provide additional information to investors. Definitions of non-GAAP measures and key business metrics and a reconciliation of non-GAAP to GAAP measures are provided in our press release on our website.
With that, I’ll turn the call over to Raul.
Raul Villar
Thank you, Rachel and thank you all for joining us to discuss Paycor’s fiscal first quarter results. We had a strong start to the year with revenue growth of 21% this quarter. We drove margin expansion of nearly 200 basis points year-over-year while continuing to invest in differentiating our platform, which increases the value of our HCM suite to our customers and expand our future PEPM opportunity.