Paychex (PAYX) Tops Q1 EPS by 2c, Updates Guidance

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Go back to Paychex (PAYX) Tops Q1 EPS by 2c, Updates Guidance

Paychex, Inc. Reports First Quarter Results

October 3, 2017 8:30 AM EDT

First Quarter Fiscal 2018 Highlights

Total revenue increased 4% to $816.8 million. Total service revenue also increased 4% to $803.1 million. Payroll service revenue increased 2% to $457.8 million. Human Resource Services revenue increased 7% to $345.3 million. Operating income increased 7% to $345.0 million. Net income increased 5% to $227.8 million and adjusted net income(1) increased 9% to $222.8 million. Diluted earnings per share increased 5% to $0.63 per share and adjusted diluted earnings per share(1) increased 11% to $0.62 per share.

(1) Adjusted net... More