Spurred by revenue increases in its payroll and human resources units, payroll and benefits outsourcing provider Paychex Inc. posted an 11 percent rise in second quarter profits, to $147.1 million for the period ended Nov. 30.
The company said second-quarter revenues rose 12 percent, to $508 million, compared to the year-ago quarter, while revenues from payroll and human resources services rose 9 percent and 24 percent to $362 million and $115.5 million, respectively.
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
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access