Bolstered by the additional revenue generated by the acquisitions of SurePayroll and ePlan Services, payroll and benefits outsourcing provider Paychex posted a 7-percent rise in second quarter revenue to $545.7 million for the period ended November 30.

Meanwhile, profits rose 5 percent, to $140.4 million, while its core payroll services reported a 5-percent rise, to $371.7 million.

Second-quarter revenues for Paychex’s human resources unit spiked 12 percent to $163.3 million.

Paychex chief executive Martin Mucci said the company expanded its software-as-a-service offerings via the introduction of a new single sign-on page for online users and an iPad application.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access