Paychex (PAYX) Tops Q1 EPS by 2c

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

Paychex, Inc. Reports First Quarter Results

October 2, 2018 8:30 AM EDT

First Quarter Fiscal 2019 Highlights

Total revenue increased 9% to $862.8 million. Total service revenue increased 9% to $845.7 million. Interest on funds held for clients increased 25% to $17.1 million. Operating income increased 1% to $320.3 million. Net income increased 16% to $243.6 million and adjusted net income(1) increased 18% to $242.0 million. Diluted earnings per share increased 16% to $0.67 per share and adjusted diluted earnings per share(1) increased 18% to $0.67 per share.

(1) Adjusted net income and adjusted diluted earnings per share are not... More