Payroll and benefits outsourcing provider Paychex Inc. posted first-quarter profits of $148.1 million, a 2 percent dip from the year-ago period.

Systemwide revenue rose 5 percent to $534.1 million, versus the first quarter of last year, with the company's payroll services rising 5 percent to $378.5 million.

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