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Paycom Raises 2025 Revenue and Profit Forecasts on AI-Driven Demand

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Payroll software provider Paycom Software (PAYC.N) boosted its fiscal 2025 revenue and profit guidance on Wednesday, attributing the upward revision to increased demand driven by new AI capabilities in its platform. The company’s shares rose 7% in after-hours trading following the announcement.

Paycom now projects annual revenue between $2.05 billion and $2.06 billion, up from its previous forecast of $2.02 billion to $2.04 billion, surpassing the $2.03 billion consensus estimate. The company’s CEO, Chad Richison, highlighted the “smart AI” suite integrated into Paycom’s software, which automates workforce tasks such as drafting job descriptions and identifying employees at risk of leaving, helping employers streamline management processes.

Profit expectations for 2025 were also raised, with core profit forecasted between $872 million and $882 million, compared to prior guidance of $843 million to $858 million. In the second quarter ended June 30, Paycom reported revenue of $483.6 million and adjusted core profit of $198.3 million, both beating analyst estimates.

Despite these gains, the company’s optimism comes amid weakening U.S. labor market conditions, with July’s employment growth falling short of expectations and prior months’ payroll figures revised downward by 258,000 jobs.

Capita to Launch AI-Powered Recruitment Service This Summer

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British outsourcing firm Capita announced plans to roll out an AI-driven recruitment solution this summer, aiming to reduce hiring times from weeks to just hours. Developed in collaboration with Salesforce’s Agentforce AI, the technology automates over 200 tasks in the recruitment process, including candidate shortlisting.

Capita CEO Adolfo Hernandez explained the company hires around 10,000 people annually across various contracts and operations, often dealing with a transient workforce. The AI tool, built within the first quarter of 2025, efficiently matches qualified candidates to job specifications, allowing recruiters to focus more on final interviews and onboarding.

Salesforce highlighted Capita as the first B2B company in the UK to deploy its Agentforce AI solution, which significantly accelerates high-volume recruitment. Capita plans to fine-tune the system before a wider market launch expected this summer.