SCHAUMBURG, Ill. (AP) — SCHAUMBURG, Ill. (AP) — Paylocity Holding Corp. (PCTY) on Thursday reported fiscal first-quarter earnings of $57.6 million.

The Schaumburg, Illinois-based company said it had net income of $1.07 per share. Earnings, adjusted for stock option expense and amortization costs, came to $2.09 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.93 per share.

The provider of cloud-based payroll and human-resources software services posted revenue of $451.7 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $442.4 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PCTY at https://www.zacks.com/ap/PCTY