Paychex (PAYX) Reports In-Line Q3 EPS

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Paychex, Inc. Reports Third Quarter Results

March 30, 2016 8:30 AM EDT

Third Quarter Fiscal 2016 Highlights

Total revenue increased 7% to $752.6 million. Total service revenue also increased 7% to $740.7 million. Payroll service revenue increased 4% to $439.6 million. Human Resource Services revenue increased 12% to $301.1 million. Operating income increased 6% to $280.0 million. Net income increased 7% to $180.4 million and diluted earnings per share increased 9% to $0.50 per share.

ROCHESTER, N.Y.--(BUSINESS WIRE)-- Paychex, Inc. (Paychex, we, our, or us) (NASDAQ: PAYX) today announced total service... More