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Paychex, Inc. Reports First Quarter Results

September 30, 2015

Paychex, Inc. today announced total service revenue of $712.2 million for the three months ended August  31, 2015 (the “first quarter”), an increase of 8% from $656.6 million for the same period last year.   Net income increased 22% to $209.1 million and diluted earnings per share increased 23% to $0.58 per share. Net income and diluted earnings per share were positively impacted by a net tax benefit recorded for income derived in prior tax years, which resulted in an increase in diluted earnings per share of approximately $0.06 for the first quarter.   Excluding this net tax benefit, both net income and diluted earnings per share would have increased 11% for the first quarter.

 

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Tracy Volkmann
Public Relations Program Manager
585-387-6705

Tracy Volkmann

Tracy Volkmann began working at Paychex in July 2014 and currently serves as the public relations program manager. In this role, she is responsible for research PR efforts, as well as all publicity for the company's technology solution, Paychex Flex, and supporting overall goals of the public relations department. Tracy is a graduate of St. Bonaventure University and has a background in collegiate athletic communications, having spent seven years at West Point.