Paychex, Inc. Reports Earnings Results for the First Quarter Ended August 31, 2019
October 02, 2019 at 08:30 am
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Paychex, Inc. announced earnings results for the first quarter ended August 31, 2019. For the first quarter, the company announced total revenue was USD 992 million compared to USD 862.8 million a year ago. Operating income was USD 349.1 million compared to USD 320.3 million a year ago. Net income was USD 264.2 million compared to USD 243.6 million a year ago. Basic earnings per share was USD 0.74 compared to USD 0.68 a year ago. Diluted earnings per share was USD 0.73 compared to USD 0.67 a year ago.
Paychex, Inc. specializes in the development of integrated management software packages (ERP). The group also offers outsourcing services for small and mid-size companies. Net sales break down by activity sector as follows:
- payroll and human resources management solutions (74.5%): management solutions for payroll, internal accounting data, taxes, employee benefits, pensions, etc.;
- HR management solutions for professional employer organizations (23.5%): health insurance management, risk management and risk management, employee assistance schemes, etc.;
- fund management (2%).
All sales are in the United States.
PAYCHEX, INC. 
