More on Paychex: Company expects 8%-9% net income growth in FY14. Consensus is for EPS to grow...


More on Paychex: Company expects 8%-9% net income growth in FY14. Consensus is for EPS to grow 9%. Payroll service revenue grew 4% Y/Y in FQ4, it's expected to grow 3%-4% in FY14. Human Resources Services revenue grew 13%, it's expected to grow 9%-10% in FY14. Funds held for clients rose 3% Y/Y to $4.18B, interest on held funds is expected to drop 7%-9% in FY14. PAYX -2.7% AH. CC tomorrow at 10:30AM ET (webcast). (PR)

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