Paychex reported a 6% decrease in total revenue to $932.2 million for the first quarter. Net income decreased by 20% to $211.6 million, and diluted earnings per share decreased by 19% to $0.59 per share.
Total revenue decreased 6% to $932.2 million.
Operating income decreased 19% to $284.0 million.
Net income decreased 20% to $211.6 million.
Diluted earnings per share decreased 19% to $0.59 per share.
Paychex anticipates impacts resulting from the COVID-19 pandemic based on current assumptions and market conditions for the fiscal year ending May 31, 2021.
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