Buoyed by revenue from the acquisitions of SurePayroll and ePlan Services, payroll and benefits outsourcing concern Paychex posted a 13 percent rise in first-quarter profits, to $149 million for the period ended August 31.
Systemwide revenue for the quarter spiked 9 percent, to $563.1 million, versus the year-ago first quarter.
The company’s core payroll service revenue jumped 6 percent, to $382.3 million, while its human resources revenue posted a 17 percent gain to $170 million compared to the year-ago quarter.
The company said that during the first quarter, checks per client increased 2 percent.
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