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Paychex Inc. Reports 9% Advance In Q1 Bottom Line

Paychex Inc. (PAYX) revealed earnings for its first quarter that gained ground compared to the same period last year.

The company said its bottom line totaled $222.8 million, or $0.62 per share. This was higher than $204.2 million, or $0.56 per share, in last year's first quarter.

The company said revenue for the quarter rose 4.0% to $816.8 million. This was up from $785.5 million last year.

Paychex Inc. earnings at a glance:

-Earnings (Q1): $222.8 Mln. vs. $204.2 Mln. last year.
-Earnings Growth (Y-o-Y): 9.1%
-EPS (Q1): $0.62 vs. $0.56 last year.
-EPS Growth (Y-o-Y): 10.7%
-Revenue (Q1): $816.8 Mln vs. $785.5 Mln last year.
-Revenue Change (Y-o-Y): 4.0%

by RTT Staff Writer

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