HR and payroll services drive Paychex profit higher

Paychex (PAYX) reported a 17% jump in earnings for the fourth quarter, helped by an increase in revenue from HR services and payroll services, besides lower income tax. The company’s stock inched up 0.29% in the premarket as its revenue exceeded the Street’s expectations. With revenue increasing 9% to $871.1 million, the company’s earnings grew … Continue reading HR and payroll services drive Paychex profit higher