Paygroup (ASX:PYG) on track to achieve record revenue in FY21

• Paygroup (PYG) has revealed its FY21 earnings guidance, stating it's set to achieve a record $20.5 million in annualised recurring revenue (ARR)
• The payroll solutions provider is also expecting to table a total of $10 million in new contracts wins, almost double the previous year's total
• The company expects to have processed around 5.5 million payslips and transactions at the end of FY21, a slight increase on FY20's 4.7 million
• Commenting on the results, PYG said FY21 was a "landmark year" for the payroll specialist
• Shares in Paygroup have jumped 9.84 per cent since the earnings guidance was released, trading at 67 cents each

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