Paycom Software Inc (MEX:PAYC)

MXN 4631 0 (0%) Market Cap: 241.20 Bil Enterprise Value: 236.24 Bil PE Ratio: 24.88 PB Ratio: 7.89 GF Score: 80/100

Paycom Software Inc at Jefferies Software Conference (Virtual) Transcript

Sep 15, 2021 / 07:30PM GMT

Release Date Price: MXN9485

Transcript

Samad Saleem Samana

Jefferies LLC, Research Division - Equity Analyst

All right. Good afternoon. Thank you, everybody, for joining us for this session. With us, we have the CEO of Paycom, Chad Richison; CFO, Craig Boelte; and IR, James Samford. Gents, thank you very much for joining us. We appreciate the time as always.

Questions & Answers

Samad Saleem Samana

Jefferies LLC, Research Division - Equity Analyst

And maybe, Chad, let's jump in. And I think that some of the recent news that came out of your last report was the decision to kind of march further upmarket. And so let's start there. I think that the leap from 5,000 to 10,000 is pretty big on the upper end. What's driving that upmarket motion for you?

Chad R. Richison

Paycom Software, Inc. - Founder, President, CEO & Chairman of the Board of Directors

Sure. And so, Samad, we IPO-ed in 2014. Our target market at that time was 50 to 2,000. I think it was around 2018 that we actually bumped up from 50 to 2,000. We took that 2,000 number to 5,000.

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