Paychex (PAYX) Tops Q2 EPS by 2c; Revenues Beat; Provides FY19 Outlook

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Go back to Paychex (PAYX) Tops Q2 EPS by 2c; Revenues Beat; Provides FY19 Outlook

Paychex, Inc. Reports Second Quarter Results

December 19, 2018 8:30 AM EST

Second Quarter Fiscal 2019 Highlights

Total revenue increased 7% to $858.9 million. Total service revenue increased 7% to $840.6 million. Interest on funds held for clients increased 31% to $18.3 million. Operating income increased 1% to $307.2 million. Net income increased 19% to $235.8 million and adjusted net income(1) increased 20% to $235.3 million. Diluted earnings per share increased 18% to $0.65 per share and adjusted diluted earnings per share(1) increased 20% to $0.65 per share.

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