PCTY: Strong recurring revenue and margin growth driven by AI innovation and robust client expansion
Recurring revenue grew 12.4% in Q4 and 12.2% for fiscal 2026, with total revenue up 11% year-over-year. New AI-driven products and acquisitions fueled client growth and ARPU, while free cash flow and margins expanded. Fiscal 2027 guidance projects continued growth and margin improvement.Based on Pa…