Paychex Inc (PAYX) News
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last 30 daysVelli previously served on the boards of Paychex, Cognizant and Computershare.
Revenue continued to grow for Paychex, but at a much slower rate than last year.
AI-powered payroll automation and PEO conversions drive 14% operating income growth.
Paychex's GAAP profits were worse than its non-GAAP profits, and FCF was even worse than GAAP!
The payroll and human-resources provider on posted a fiscal first-quarter profit of $429.7 million, or $1.21 a share, compared with $383.8 million, or $1.06 a share, a year earlier.
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