Paylocity Holding Corp. issued guidance for its fiscal first quarter and full fiscal year 2018.

For fiscal year 2018, the company expects total revenue in the range of $368.0 million to $370.0 million, adjusted EBITDA between $71.0 million and $72.0 million, and non-GAAP net income in the range of $43.0 million to $44.0 million, or 78 cents to 80 cents per share.

For its 2018 fiscal first quarter, the company expects total revenue in the range of $80.3 million to $81.3 million, adjusted EBITDA between $12.0 million and $13.0 million, and non-GAAP net income in the range of $5.5 million to $6.5 million, or 10 cents to 12 cents per share.

The S&P Capital IQ consensus normalized EPS estimate for the company's fiscal year 2018 is 78 cents, while the estimate for the fiscal first quarter is 14 cents.

For its fiscal year 2017 ended June 30, the company reported GAAP net income of $6.7 million, or 12 cents per share, compared with a net loss of $3.9 million, or 8 cents per share, a year ago. Non-GAAP net income was $36.0 million, or 67 cents per share, up from $15.9 million, or 30 cents per share, a year earlier.

For its fiscal fourth quarter, the company reported a GAAP net loss of $3.8 million, or a loss of 7 cents per share, compared with a GAAP net loss of $5.4 million, or a loss of 11 cents per share, in the year-ago quarter. The company also reported non-GAAP net income of $5.1 million, or 9 cents per share, compared with a non-GAAP net loss of $400,000, or a net loss of 1 cent per share, in the prior-year period.

The S&P Capital IQ consensus normalized EPS estimates were 58 cents for the company's fiscal year 2017 and 1 cent for its fiscal fourth quarter.