Paychex, Inc. Reports Second Quarter Fiscal 2020 Results
Rochester, N.Y. — Paychex, Inc. today announced total revenue of $990.7 million for the three months ended November 30, 2019, an increase of 15% from $858.9 million for the same period last year. Oasis Outsourcing Group Holdings, L.P., acquired in December 2018, contributed approximately 9% to the growth in total revenue compared to the same period last year. Net income increased 10% to $258.7 million, and diluted earnings per share increased 11% to $0.72 per share for the second quarter. Adjusted net income and adjusted diluted earnings per share, both non-GAAP measures, each increased 8% to $253.8 million and $0.70 per share, respectively, for the second quarter.