Paychex Posts Record 1Q Profit

Payroll and benefits outsourcing provider Paychex Inc. posted a record $135 million in profits for its first-quarter period, which ended Aug. 31.   The figure is a 17 percent rise in profits compared to the year-ago results.   The company headquartered in Rochester, N.Y., attributed the rise to a 9 percent hike in payroll services revenue coupled with a 21 percent jump in revenue from its human resources services unit -- to $337.5 million and $92 million, respectively.   Meanwhile, system-wide revenues were $459.4 million, a 14 percent increase over the first quarter of the 2006 fiscal year.