Paychex (PAYX) Tops Q4 EPS by 1c, Revenues Beat; Provides Fiscal 2021 EPS Growth Outlook
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Paychex, Inc. Reports Fourth Quarter and Fiscal 2020 Results
July 7, 2020 8:30 AM EDTFull Year Fiscal 2020 Highlights
Total revenue increased 7% to $4.0 billion. Operating income increased 7% to $1.5 billion. Net income increased 6% to $1.1 billion. Adjusted net income(1) increased 5% to $1.1 billion. Diluted earnings per share and adjusted diluted earnings per share(1) each increased 6% to $3.04 per share and $3.00 per share, respectively.Fourth Quarter Fiscal 2020 Highlights
Total revenue decreased 7% to $915.1 million. Operating income decreased 5% to $299.6 million. Net income decreased 4% to $220.7 million. Adjusted net income(1) decreased 3% to $220.6 million. Diluted earnings per share decreased 5% to $0.61 per share. Adjusted diluted... More