Rochester, N.Y. (March 22, 2004) -- Buoyed by double-digit revenue increases in its service segments, payroll and benefits services provider Paychex Inc. reported third-quarter profits of $80.5 million for the period ended Feb. 29, a 13 percent rise over the year-ago period.

The company, headquartered here, said system-wide revenues rose 19 percent, to $342.6 million compared to the third quarter of last year.

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