Paychex Inc. (NASDAQ: PAYX) reported first quarter 2023 earnings results today.
Total revenue rose 11% year-over-year to $1.20 billion.
Net income grew 14% to $379.2 million, or $1.05 per share, compared to last year. Adjusted EPS increased 16% to $1.03.
For fiscal year 2023, adjusted EPS is expected to grow 11-12%.