Paycom Software (NYSE:PAYC) reported second-quarter results that exceeded its expectations, citing broad-based revenue strength, growing demand for automation and improving operating efficiency. Management said Paycom’s sales pipeline remains strong and that new sales representatives are reaching productivity faster than they have historically. Capital Returns and Balance SheetPaycom repurchased approximately 2.6 million shares, or about 6% of shares outstanding, for $346 million during the second quarter. About Paycom Software (NYSE:PAYC)Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.