Buoyed by double-digit revenue increases in its payroll, market services and human resources units, Paychex Inc. reported a 31 percent rise in first-quarter profits, to $115 million, versus the first quarter of one year ago.

Systemwide revenues for the payroll and benefits outsourcing provider, headquartered here, rose 17 percent to $403.7 million, compared with the year-ago results.

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