Paychex (PAYX) Reports In-Line Q4 EPS
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Paychex, Inc. Reports Fourth Quarter and Fiscal 2016 Results
June 30, 2016 8:30 AM EDTFourth Quarter and Full Year Fiscal 2016 Highlights
Total revenue increased 9% to $753.9 million for the fourth quarter; 8% to $3.0 billion for fiscal 2016. Total service revenue also increased 9% to $741.6 million for the fourth quarter; 8% to $2.9 billion for fiscal 2016. Payroll service revenue increased 5% for the fourth quarter; 4% for fiscal 2016. Human Resource Services revenue increased 14% for the fourth quarter; 13% for fiscal 2016. Operating income increased 10% to $276.3 million for the fourth quarter; 9% to $1.1 billion for fiscal 2016. Net income increased 11% to $178.1 million for the fourth quarter; 12%... More