Paychex Lifts Its Full-Year Outlook After a Bouyant Start to the Year

Payroll, human resources, and professional employer organization (PEO) giant Paychex (NASDAQ: PAYX) enjoyed the contribution of significant acquired revenue as well as brisk organic growth in the initial quarter of its new fiscal 2020 year. The corporate services specialist released its scorecard on Wednesday, and shareholders responded in generally enthusiastic fashion, bidding up shares by 2% on the trading session. 

Let's home in on the relevant details from the past three months and also walk through management's positive revision to the organization's full-year outlook. Note that all comparative numbers that follow refer to the prior-year period.

Data source: Paychex.  

Continue reading

Source Fool.com