Paycom Software raised its annual revenue and profit forecast due to increased demand for its employee management services with AI features. Analysts expect revenue of $2.03 billion for fiscal 2025. Paycom’s ‘smart AI’ suite automates tasks and boosts demand for its services, despite challenging U.S. labor market conditions. CEO Chad Richison is optimistic about the company’s future growth.

Read more at Yahoo Finance: Paycom raises 2025 revenue and profit forecasts on AI-driven demand