Paycom Speeds Up Growth Investments Despite Coronavirus
With unemployment hitting highs not seen since the early 1940s, it's not surprising that payroll processor and HR software specialist Paycom (NYSE: PAYC) had a rough quarter. Let's review the most recent results and look at why investors shouldn't give up on this growth stock just yet. As the coronavirus drove many small businesses to cut staff or shut down, tens of millions filed for unemployment benefits.