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Paychex, Inc Reports Second Quarter Results
Second Quarter Fiscal 2018 Highlights
- Total revenue increased 7% to $826.5 million.
- Total service revenue increased 7% to $812.5 million.
- Payroll service revenue increased 1% to $444.8 million.
- Human Resource Services revenue increased 15% to $367.7 million.
- Operating income increased 7% to $332.2 million.
- Net income increased 7% to $217.0 million and adjusted net income increased 7% to $214.4 million.
- Diluted earnings per share increased 7% to $0.60 per share and adjusted diluted earnings per share increased 5% to $0.59 per share.
Paychex, Inc. today announced total service revenue of $812.5 million for the three months ended November 30, 2017, an increase of 7% from $760.0 million for the same period last year.