Oct 30 (Reuters) - Paycom Software ( PAYC ) beat Wall

Street's quarterly revenue estimates on Wednesday due to higher

demand for its employee management services in a robust job

market.

Shares of the Oklahoma City-based company were up 6.3% in

trading after the bell.

Cooling inflation and a strong job market are encouraging

businesses to hire more, increasing the demand for workforce

management solutions like those from Paycom.

Recently, Paycom has seen a rise in interest in its Beti

service, which allows for self-service payroll and automation.

In May, the company announced plans to expand Beti into Ireland.

The payroll processor reported revenue of $452 million for

the third quarter ended Sept. 30, above analysts' average

estimate of $447 million, according to data compiled by LSEG.

Paycom forecast current-quarter revenue in the range of $477

million to $484 million, compared with estimates of $483.1

million.

The company now sees fiscal 2024 revenue between $1.866

billion and $1.873 billion, compared to its prior projection of

$1.860 billion to $1.875 billion. Analysts, on average, expect

revenue of $1.87 billion.

Paycom's results come after rival Automatic Data Processing ( ADP )

raised its forecast for fiscal 2025 revenue growth,

citing expected benefits from its recent acquisition of

management services provider WorkForce Software.