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Paychex, Inc. Reports Third Quarter Results
Total service revenue increased 7% to $626.0 million.
Payroll service revenue increased 5% to $413.9 million.
Human Resource Services revenue increased 12% to $212.1 million.
Total revenue increased 7% to $636.5 million.
Operating income increased 11% to $250.7 million.
Net income increased 11% to $160.1 million and diluted earnings per share increased 10% to $0.44 per share