Categories AlphaGraphs, Earnings, Technology

Paychex (PAYX) Q4 earnings increase on higher revenues; guides FY24

Paychex Inc. (NASDAQ: PAYX) on Thursday said its earnings increased year-over-year in the fourth quarter of 2023, helped by strong revenue growth. The company also provided guidance for fiscal 2024.

Paychex Q4 2023 earnings infographic

Revenues of the Rochester-based human capital management solutions provider grew by 7% and reached $1.23 billion in the May quarter. All three operating segments registered growth.

The positive top-line performance resulted in an increase in adjusted net earnings to $0.97 per share in the latest quarter from $0.81 per share in the same period of 2022. Net income, including special items, was $350.4 million or $0.97 per share, up from last year’s profit of $296.4 million or $0.82 per share.

Paychex’s CEO John Gibson said, “We are proud to be there to support our customers and their employees in a complex and challenging environment for small and medium-sized businesses. We have helped them leverage our HR technology, provided advice on complex HR issues, hire and retain talent, and secure funding such as the Employee Retention Tax Credit.”

Prior Performance

  • Paychex Q2 2023 earnings infographic
  • Paychex-Q1-2023-Earnings-Infographic
  • Paychex Q4 2022 earnings infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

BLK Earnings: BlackRock Q2 2024 profit jumps on higher revenues

Asset management company BlackRock, Inc. (NYSE: BLK) on Monday reported a double-digit increase in adjusted profit for the second quarter of 2024, aided by an 8% increase in revenues. Second-quarter

GS Earnings: All you need to know about Goldman Sachs’ Q2 2024 earnings results

The Goldman Sachs Group, Inc. (NYSE: GS) reported its second quarter 2024 earnings results today. Net revenues were $12.73 billion, up 17% compared to the same period a year ago,

Intuitive Surgical likely to report strong revenue, profit growth for Q2 2024

Intuitive Surgical, Inc. (NASDAQ: ISRG) is expected to report its second-quarter earnings next week, amid expectations for strong revenue and profit growth. The medical device maker is thriving on the

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top