Payroll processor Paycom has lifted its annual revenue forecast, driven by steady demand for its AI-driven employee management services. The company expects full-year 2026 revenue of $2.197 billion to $2.212 billion, above its previous forecast of $2.175 billion to $2.195 billion.

Integration of AI Features

Paycom has been integrating AI features into its software, which has boosted demand for its services as businesses look to simplify workforce management functions. The company offers employee-focused tools such as Beti, GONE, and IWant.

Paycom reported revenue of $531.2 million for the quarter ended June 30, ahead of analysts’ average estimate of $513.1 million. Human capital management vendors such as Automatic Data Processing, Workday, and Paychex are among the major competitors of Paycom.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.