Rochester, N.Y., (Dec. 23, 2002) -- Payroll and benefits services provider Paychex Inc., posted second-quarter profits of $74.7 million, for the period ended Nov. 30, a 9-percent rise from the year-ago quarter. Revenues for the period rose 15 percent, to $269 million.

Paychex’s second-quarter financials were buoyed by the accretive results from Advantage Payroll Services, which Paychex acquired on Sept. 20, 2002 for about $240 million in cash.

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