05:57 PM EDT, 07/31/2024 (MT Newswires) -- Paycom Software ( PAYC ) reported Q2 non-GAAP earnings late Wednesday of $1.62 per diluted share, flat from a year earlier.

Analysts polled by Capital IQ expected $1.60.

Revenue for the quarter ended June 30 was $437.5 million, compared with $401.1 million a year earlier. Analysts surveyed by Capital IQ expected $436.4 million.

The company expects Q3 revenue ranging from $444 million to $449 million. Analysts forecast $448.4 million.

For full year 2024, the company expects revenue of $1.86 billion to $1.88 billion. It previously projected $1.86 billion to $1.89 billion. Analysts are looking for $1.87 billion.

The company's board increased its share buyback plan to $1.5 billion, from about $676 million previously available for repurchases, and extended it through Aug. 15, 2026.

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