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Paychex reports beats, raises EPS outlook

|About: Paychex, Inc. (PAYX)|By:, SA News Editor

Paychex (NASDAQ:PAYXreports 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.

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