Paychex posted its fiscal first quarter earnings and revenue that surpassed analysts' expectations.
The human resource and payroll services company’s earnings per share rose +41% from the year-ago quarter to $0.89, well above the $0.80 per share expected by analysts polled by Investing.com.
Revenue grew +16% from the year-ago quarter to $1.08 billion, vs. $1.04 billion expected by analysts polled by Investing.com.
For the full fiscal year ending May 31, 2022, Paychex projects adjusted diluted earnings per share growth in the range of +12% to +14%, and total revenue growth of approximately +8%.