Paychex (PAYX) Tops Q1 EPS by 7c

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Go back to Paychex (PAYX) Tops Q1 EPS by 7c

Paychex, Inc. Reports First Quarter Results

September 30, 2015 8:30 AM EDT

FIRST QUARTER FISCAL 2016 HIGHLIGHTS

Total service revenue increased 8% to $712.2 million. Payroll service revenue increased 5% to $432.5 million. Human Resource Services revenue increased 15% to $279.7 million. Total revenue increased 8% to $723.0 million. Operating income increased 11% to $296.1 million. Net income increased 22% to $209.1 million and diluted earnings per share increased 23% to $0.58 per share. In the first quarter, a net tax benefit was recorded for income derived in prior tax years and resulted in an increase in diluted earnings per share of... More