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Paycom raises annual forecast on AI-driven demand
['Wed', 'August At Pm Gmt', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Aug 5 (Reuters) - Payroll processor Paycom on Wednesday lifted its annual revenue forecast, driven by steady demand for its AI-driven employee management services.
• The company expects full-year 2026 revenue of $2.197 billion to $2.212 billion, above its previous forecast of $2.175 billion to $2.195 billion.
• Integration of AI into its services has boosted demand for Paycom's services, as businesses look to simplify workforce management functions.
• The company offers employee-focused tools such as Beti, GONE and IWant.
• Human capital management vendors such as Automatic Data Processing, Workday and Paychex are among the major competitors of Paycom.