Paychex, Inc. Reports Second Quarter Results

Second Quarter Fiscal 2017 Highlights

  • Total revenue increased 7% to $771.4 million.
  • Total service revenue increased 7% to $760.0 million.
    • Payroll service revenue increased 3% to $440.9 million.
    • Human Resource Services revenue increased 12% to $319.1 million.
  • Operating income increased 6% to $311.1 million.
  • Net income increased 7% to $202.1 million and diluted earnings per share increased 8% to $0.56 per share.

Paychex, Inc. (“Paychex,” “we,” “our,” or “us”) (NASDAQ:PAYX) today announced total service revenue of $760.0 million for the three months ended November 30, 2016 (the “second quarter”), an increase of 7% from $711.3 million for the same period last year.  Net income increased 7% to $202.1 million and diluted earnings per share increased 8% to $0.56 per share.

To read the full news release, click here.

By | 2016-12-22T08:50:32+00:00 December 21st, 2016|Financial News|

About the Author:

Laura Saxby Lynch
As director of corporate communications for Paychex, Laura Saxby Lynch leads a six-member team responsible for external communications, including media and public relations programs, as well as employee communications. Among her other responsibilities, Laura is a lead communicator in companywide initiatives, crisis and issues management, and community relations. She joined Paychex in January 2001 as the company’s first public relations manager after serving as the communications executive for a large non-profit and, prior to that, working as a television journalist. Laura is a graduate of St. Bonaventure University.