Paychex (NYSE:PAYX) posted a stronger than expected set of Q2 FY’22 results, with revenue rising by about 11% year-over-year to about $1.09 billion and EPS coming in at $0.91. The company also raised its outlook for the full year.
The results were driven by growth in employees within the company’s client base and continued strong sales growth and client retention.
PAYX stock was up by 5.5% on Wednesday.
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