Paychex reports beats, raises EPS outlook

Oct. 02, 2019 8:51 AM ETPaychex, Inc. (PAYX)By: Brandy Betz, SA News Editor3 Comments

Paychex (NASDAQ:PAYX) reports Q1 beats with 15% Y/Y revenue growth. The FY20 outlook has revenue growth of 10-11% or about $4.15-4.19B (consensus: $4.15B) and EPS growth of 9% or about $3.10 (was: 8-9%; consensus: $3.09).
Q1 Services revenue totaled $971.5M versus the $971.8M consensus.
Earnings call starts at 9:30 AM ET with a webcast here.
Press release.