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Paychex, Inc. Reports First Quarter Fiscal 2020 Results

October 02, 2019

Rochester, N.Y. — Paychex, Inc. today announced total revenue of $992.0 million for the three months ended August 31, 2019, an increase of 15% from $862.8 million for the same period last year. Oasis Outsourcing Group Holdings, L.P., acquired during December 2018, contributed a little less than 10% to the growth in total revenue compared to the same period last year. Net income increased 8% to $264.2 million and diluted earnings per share increased 9% to $0.73 per share for the first quarter. Adjusted net income and adjusted diluted earnings per share, both non-GAAP measures, each increased 6% to $257.6 million and $0.71 per share, respectively, for the first quarter.

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Director, Corporate Communications
585-383-3074

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.