Exhibit 99.1

Paylocity Announces Fourth Quarter and Fiscal Year 2014 Financial Results

·                  Q4 2014 Total Revenue of $28.6 million, up 41% year-over-year

·                  FY 2014 Total Revenue of $108.7 million, up 41% year-over-year

Arlington Heights, IL. — August 14, 2014 — Paylocity Holding Corporation (Nasdaq: PCTY), a cloud-based provider of payroll and human capital management software solutions, today announced financial results for the fourth quarter and full fiscal year 2014, which ended June 30, 2014.

“Paylocity wrapped up an exciting fiscal year with an excellent fourth quarter highlighted by revenue growth in excess of 40% driven by strong sales execution and best in class revenue retention,” said Steve Beauchamp, President and Chief Executive Officer of Paylocity.  “We ended the year with 8,500 clients, a 24% increase over fiscal 2013 while at the same time we expanded our broker referral channel to over 1,000 partners who were responsible for providing leads that generated more than 25% of our new business revenue.  We also increased R&D investment in our leading HCM platform recently announcing availability of both our new on boarding and benefits products.”

Fourth Quarter 2014 Financial Highlights

Revenue:

·                  Total revenue was $28.6 million, an increase of 41% from the fourth quarter of fiscal year 2013.

·                  Total recurring revenue was $27.1 million, representing 95% of total revenue and an increase of 41% from the fourth quarter of fiscal year 2013.

Adjusted EBITDA:

·                  Adjusted EBITDA, a non-GAAP measure, was a loss of ($0.3) million compared to Adjusted EBITDA of $0.7 million for the fourth quarter of fiscal year 2013.

Operating Loss:

·                  Non-GAAP operating loss was ($2.1) million, compared to non-GAAP operating loss of ($0.7) million in the fourth quarter of fiscal year 2013.

·                  GAAP operating loss was ($6.3) million, compared to an operating loss of ($0.9) million in the fourth quarter of fiscal year 2013.

Net Loss:

·                  Non-GAAP net loss was ($2.4) million, which included ($0.5) million of income tax expense resulting from a one-time, non-cash charge to establish a valuation allowance against deferred tax assets. Excluding tax impacts, non-GAAP net loss outperformed guidance by $1.1 million. This compares to a non-GAAP net loss of ($0.3) million for the fourth quarter of fiscal year 2013. Non-GAAP net loss per share, including the non-cash tax expense, was ($0.05) for the three months ended June 30, 2014, based on 49.6 million diluted weighted average common shares outstanding. The tax differential negatively impacted non-GAAP net loss per share by ($0.03). On a pro forma basis, assuming conversion of all outstanding preferred shares as of July 1, 2012, non-GAAP net loss per share was ($0.01) for the fourth quarter of fiscal year 2013, based on 43.9 million diluted weighted average common shares outstanding.

·                  GAAP net loss was ($6.7) million, which included the aforementioned ($0.5) million of income tax expense. This compares to a net loss of ($0.4) million for the fourth quarter of fiscal year 2013. Net loss per share, including the non-cash tax expense, was ($0.14) for the three months ended June 30, 2014 based on 49.6 million diluted weighted average common shares outstanding. On a pro forma basis assuming conversion of all outstanding preferred shares as of July 1, 2012, net loss per share was ($0.01) for the fourth quarter of fiscal year 2013, based on 43.9 million diluted weighted average common shares outstanding.

Fiscal Year 2014 Financial Highlights

Revenue:

·                  Total revenue was $108.7 million, an increase of 41% from fiscal year 2013.

·                  Total recurring revenue was $101.9 million, represented 94% of total revenue and increased 40% on a year-over-year basis.

Adjusted EBITDA:

·                  Adjusted EBITDA, a non-GAAP measure, was $5.4 million for fiscal year 2014 compared to Adjusted EBITDA of $6.3 million for fiscal year 2013.

Operating Income (Loss):

·                  Non-GAAP operating loss was ($1.1) million, compared to non-GAAP operating income of $0.6 million in fiscal year 2013.

·                  GAAP operating loss was ($7.0) million, compared to operating income of nil in fiscal year 2013.

Net Income (Loss):

·                  Non-GAAP net loss was ($1.1) million which included ($0.3) million of income tax expense resulting from a one-time, non-cash charge to establish a valuation allowance against deferred tax assets. Excluding tax impacts, non-GAAP net loss outperformed guidance by $1.2 million. This compares to non-GAAP net income of $0.9 million in fiscal year 2013. On a pro forma basis, assuming conversion of all outstanding preferred shares as of July 1, 2012, non-GAAP net loss per share was ($0.02) for fiscal year 2014 based on 45.4 million diluted weighted average common shares outstanding. The tax differential negatively impacted non-GAAP net loss per share by ($0.01).This compares to pro forma net income per share of $0.02 for fiscal year 2013, based on 44.7 million diluted weighted average common shares outstanding.

·                  GAAP net loss was ($7.1) million which included the aforementioned ($0.3) million of income tax expense. This compares to net income of $0.6 million for fiscal year 2013. On a pro forma basis, assuming the conversion of all outstanding preferred shares as of July 1, 2012, net loss per share would have been ($0.16) for the fiscal year ended June 30, 2014, based on 45.4 million diluted weighted average common shares outstanding. This compares to pro forma net income per share of $0.01 for the fiscal year 2013, based on 44.7 million diluted weighted average common shares outstanding.

Balance Sheet and Cash Flow:

·                  Cash and cash equivalents totaled $78.8 million at the end of the year.

·                  Cash flow from operations for fiscal year 2014 was $7.2 million compared to $6.2 million for fiscal year 2013.

A reconciliation of GAAP to non-GAAP financial measures has been provided in this press release, including the accompanying tables.  An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.”

Business Outlook

Based on information available as of August 14, 2014, Paylocity is issuing guidance for the first quarter and full fiscal year 2015 as indicated below.

First Quarter 2015:

·                  Total revenue is expected to be in the range of $29.0 million to $30.0 million.

·                  Adjusted EBITDA is expected to be a loss in the range of ($2.5) million to ($1.5) million.

·                  Non-GAAP net loss is expected to be in the range of ($5.0) million to ($4.0) million, or ($0.10) to ($0.08) per share, based on 49.6 million basic weighted average common shares outstanding. As a result of the tax valuation allowance, this guidance assumes no income tax expense or benefit.

Fiscal Year 2015:

·                  Total revenue is expected to be in the range of $139.0 million to $143.0 million.

·                  Adjusted EBITDA is expected to be in the range of $1.0 million to $3.0 million.

·                  Non-GAAP net loss is expected to be in the range of ($8.0) million to ($6.0) million, or ($0.16) to ($0.12) per share, based on 49.6 million basic weighted average common shares outstanding. As a result of the tax valuation allowance, this guidance assumes no income tax expense or benefit.

Conference Call Details

Paylocity will host a conference call to discuss its fourth quarter and fiscal year 2014 results at 4:00 p.m. Central Time today (5:00 Eastern Time). A live audio webcast of the conference call, together with detailed financial information, can be accessed through the company’s Investor Relations Web site at http://www.paylocity.com. Participants who choose to call in to the conference call can do so by dialing (855) 226-3021 or (315) 625-6892, passcode 74624017. A replay of the call will be available and archived via webcast at www.paylocity.com.

About Paylocity

Paylocity is a provider of cloud-based payroll and human capital management, or HCM, software solutions for medium-sized organizations. Paylocity’s comprehensive and easy-to-use solutions enable its clients to manage their workforces more effectively.  Paylocity’s solutions help drive strategic human capital decision-making and improve employee engagement by enhancing the human resource, payroll and finance capabilities of its clients. For more information, visit www.paylocity.com.

Source: Paylocity

Non-GAAP Financial Measures

The company uses certain non-GAAP financial measures in this release, including Adjusted EBITDA, adjusted gross profit, adjusted recurring gross profit, non-GAAP operating income (loss), non-GAAP net income (loss) and non-GAAP net income (loss) per share. Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position or cash flow that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. We define Adjusted EBITDA as net income (loss) before interest expense, taxes, and depreciation and amortization expense, adjusted to eliminate stock-based compensation expense and a one-time founder-funded bonus pay-out. Adjusted gross profit and adjusted recurring gross profit are adjusted for stock-based compensation expense, a one-time founder-funded bonus pay-out and amortization of capitalized research and development costs. Non-GAAP operating income (loss), non-GAAP net income (loss) and non-GAAP net income (loss) per share are adjusted for stock-based compensation expense and a one-time founder-funded bonus pay-out. Please note that other companies may define their non-GAAP financial measures differently than we do. Management presents certain non-GAAP financial measures in this release because it considers them to be important supplemental measures of performance. Management uses these non-GAAP financial measures for planning purposes, including analysis of the company’s performance against prior periods, the preparation of operating budgets and to determine appropriate levels of operating and capital investments. Management believes that these non-GAAP financial measures provide additional insight for analysts and investors in evaluating the company’s financial and operational performance. Management also intends to provide these non-GAAP financial measures as part of the company’s future earnings discussions and, therefore, the inclusion of the non-GAAP financial measures should provide consistency in the company’s financial reporting. Non-GAAP financial measures have limitations as an analytical tool. Investors are encouraged to review the reconciliation of the non-GAAP measures to their most directly comparable GAAP measures provided in this release.

Safe Harbor/forward looking statements

This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included herein regarding Paylocity’s future operations, future financial position and performance, future revenues, projected costs, prospects, plans and objectives of management are forward-looking statements. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “will,” “would,” “seek” and similar expressions (or the negative of these terms) are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements include, among other things, statements about management’s estimates regarding future revenues and financial performance and other statements about management’s beliefs, intentions or goals.  Paylocity may not actually achieve the expectations disclosed in the forward-looking statements, and you should not place undue reliance on Paylocity’s forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results or events to differ materially from the expectations disclosed in the forward-looking statements, including, but not limited to, risks related to Paylocity’s ability to attract new clients to enter into subscriptions for its services; Paylocity’s ability to service clients effectively; Paylocity’s ability to expand its sales organization to effectively address new geographies; Paylocity’s ability to continue to expand its referral network of third parties; Paylocity’s ability to accurately forecast revenue and appropriately plan its expenses; Paylocity’s ability to forecast its tax position, including but not limited to the assessment of the need for a valuation allowance against its deferred tax position; continued acceptance of SaaS as an effective method for delivery of payroll and HCM solutions; Paylocity’s ability to protect and defend its intellectual property; unexpected events in the market for Paylocity’s solutions; future regulatory, judicial and legislative changes in its industry; changes in the competitive environment in Paylocity’s industry and the market in which it operates; and other risks and potential factors that could affect Paylocity’s business and financial results identified in Paylocity’s filings with the Securities and Exchange Commission (the “SEC”), including its prospectus filed with the SEC pursuant to Rule 424(b)(4) on March 19, 2014 and its 10-Q filed with the SEC on May 14, 2014.  Additional information will also be set forth in Paylocity’s future quarterly reports on Form 10-Q, annual reports on Form 10-K and other filings that Paylocity makes with the SEC.  These forward-looking statements represent Paylocity’s expectations as of the date of this press release. Subsequent events may cause these expectations to change, and Paylocity disclaims any obligations to update or alter these forward-looking statements in the future, whether as a result of new information, future events or otherwise.

PAYLOCITY HOLDING CORPORATION

Consolidated Balance Sheets

(in thousands, except share and per share data)

PAYLOCITY HOLDING CORPORATION

Consolidated Statements of Operations

(in thousands, except share and per share data)

Stock-based compensation for each of the three years ended June 30 and a one-time founder funded bonus pay-out in the year ended June 30, 2014, are included in the above line items:

PAYLOCITY HOLDING CORPORATION

Consolidated Statements of Cash Flows

(in thousands)

Paylocity Holding Corporation

Reconciliation of GAAP to non-GAAP Financial Measures

(In thousands except per share data)