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Technology Stocks : Paychex (PAYX) -- Ignore unavailable to you. Want to Upgrade?


To: Ron Kline who wrote (116)12/15/1998 9:58:00 AM
From: Beltropolis Boy  Respond to of 210
 
i assume we met (or perhaps even exceeded) estimates? up $1-1/2 this a.m.

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Paychex, Inc. Reports Record Second Quarter Results

December 15, 1998 08:19 AM

ROCHESTER, N.Y., Dec. 15 /PRNewswire/ -- Paychex, Inc. (PAYX) today announced record net income of $33.6 million or $.20 diluted earnings per share for the second quarter ended November 30, 1998, a 36% increase over net income of $24.7 million or $.15 diluted earnings per share for the same period last year. Total service revenues were $142.9 million, an increase of 22% over $117.2 million for the same period last year.

For the six months ended November 30, 1998, net income increased 36% to $65.0 million or $.39 diluted earnings per share as compared to net income of $47.8 million or $.29 diluted earnings per share for the same period last year. Total service revenues were $282.2 million, an increase of 23% over $230.1 million for the same period last year.

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