Paychex Inc. reported second-quarter FY22 revenue growth of 13 percent year-on-year to $1.11 billion, beating the consensus of $1.06 billion. Total service revenue grew 13 percent Y/Y to $1.09 billion.
Management Solutions revenue grew 14 percent Y/Y to $832 million. PEO and Insurance Solutions’ revenue rose 11 percent Y/Y to $262.4 million.
