Paychex Reports First Quarter Results

Paychex, Inc. today announced total service revenue of $773.5 million for the three months ended August 31, 2016, an increase of 9% from $712.2 million for the same period last year.  Net income increased 4% to $217.4 million and diluted earnings per share increased 3% to $0.60 per share for the first quarter. Net income and diluted earnings per share were impacted by changes in the effective income tax rate resulting from discrete tax items recognized in the first quarter and respective period last year, which are discussed further on page 3.

To read the full news release, click here.

 

By | 2016-09-28T11:24:15+00:00 September 28th, 2016|Financial News|

About the Author:

Lisa Fleming
Lisa Fleming joined Paychex in 2006 and last year was promoted to the position of public relations manager. As part of her role, Lisa leads the department’s external communications efforts and manages the company’s relationship with its outside PR agency partner, Eric Mower & Associates. Lisa is a graduate of Canisius College in Buffalo, New York where she studied English and Communications.