Paychex, Inc. Reports Third Quarter Fiscal 2020 Results
Rochester, N.Y. — Paychex Inc. today announced total revenue of $1.1 billion for the three months ended February 29, 2020, an increase of 7% compared to the same period last year. Oasis Outsourcing Group Holdings, L.P., acquired in December 2018, contributed approximately 1% to the growth in total revenue compared to the same period last year. Net income and diluted earnings per share each increased 9% to $354.5 million and $0.98 per share, respectively, for the third quarter. Adjusted net income and adjusted diluted earnings per share, both non-GAAP measures, each increased 9% to $351.2 million and $0.97 per share, respectively, for the third quarter.
Paychex, Inc. (Nasdaq:PAYX) is a leading provider of integrated human capital management solutions for human resources, payroll, benefits, and insurance services. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. Backed by more than 45 years of industry expertise, Paychex serves approximately 670,000 payroll clients as of May 31, 2019 across more than 100 locations in the U.S. and Europe, and pays one out of every 12 American private sector employees. Learn more about Paychex by visiting paychex.com and stay connected on Twitter and LinkedIn.