2023-06-29 08:34:05 ET
- Paychex press release ( NASDAQ: PAYX ): Q4 Non-GAAP EPS of $0.97 in-line.
- Revenue of $1.23B (+7.9% Y/Y) beats by $10M .
- FY24 outlook:
- Management Solutions revenue is anticipated to grow in the range of 5% to 6%;
- PEO and Insurance Solutions revenue is anticipated to grow in the range of 6% to 9%;
- Interest on funds held for clients is expected to be in the range of $135 million to $145 million;
- Total revenue is anticipated to grow in the range of 6% to 7%;
- Operating margin is anticipated to be in the range of 41% to 42%
- Other income, net is anticipated to be in the range of $30 million to $35 million;
- The effective income tax rate for fiscal 2024 is anticipated to be in the range of 24% to 25%; and
- Adjusted diluted earnings per share is anticipated to grow in the range of 9% to 10%.
For further details see:
Paychex Non-GAAP EPS of $0.97 in-line, revenue of $1.23B beats by $10M