- Paychex press release ( NASDAQ: PAYX ): Q2 GAAP EPS of $0.99 beats by $0.02 .
- Revenue of $1.17B (+7.3% Y/Y) misses by $10M .
- FY2023 Outlook : Total revenue is now anticipated to grow approximately 8% vs. consensus growth of 7.81% and prior view of 7% to 8%; Management Solutions revenue is now anticipated to grow in the range of 7% to 8%; PEO and Insurance Solutions revenue is now anticipated to grow in the range of 5% to 7%; Interest on funds held for clients is now expected to be in the range of $100M to $110M; Other income is now anticipated to be in the range of $5M to $10M; Adjusted diluted earnings per share is now anticipated to grow in the range of 12% to 14% vs. consensus growth of 10.84%.
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Paychex GAAP EPS of $0.99 beats by $0.02, revenue of $1.17B misses by $10M