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Aug 31, 2022
Paychex Q1 2023 Earnings Report
Paychex reported double-digit growth in revenue and diluted earnings per share.
Key Takeaways
Paychex reported strong first quarter results with double-digit growth in both revenue and earnings, driven by the value proposition of their Human Capital Management (HCM) technology and Paychex HR suite. The company also raised its earnings outlook for the year.
Total revenue increased by 11% to $1.206 billion compared to the prior year period.
Management Solutions revenue increased by 12% to $905.5 million.
PEO and Insurance Solutions revenue increased by 8% to $282.8 million.
Diluted earnings per share increased by 14% to $1.05 compared to the prior year period.
Revenue by Segment
Forward Guidance
Paychex updated its guidance for the fiscal year ending May 31, 2023, anticipating adjusted diluted earnings per share to grow in the range of 11% to 12%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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