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Paychex, Inc. (NASDAQ:PAYX ) Q1 2025 Earnings Conference Call October 1, 2024 9:30 AM ET Company Participants Bob Schrader - Chief Financial Officer John Gibson - President and Chief Executive Officer Conference Call Participants Mark Marcon - Baird Peter Christiansen - Citigroup Kevin McVeigh - UBS Bryan Bergin - TD Cowen Tien-Tsin Huang - JPMorgan Samad Samana - Jefferies Andrew Nicholas - William Blair David Paige - RBC Nate Svensson - Deutsche Bank Kartik Mehta - Northcoast Research Jason Kupferberg - BofA Securities Scott Wurtzel - Wolfe Research Operator Good morning and welcome to the First Quarter 2025 Paychex Earnings Conference Call. Participating on the call today are John Gibson and Bob Schrader.

PAYX's first-quarter fiscal 2025 top-line benefits from growing PEO and Insurance Solutions.

Paychex (PAYX) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $1.14 per share a year ago.

Paychex, Inc. PAYX will release earnings results for its first quarter, before the opening bell on Tuesday, Oct. 1.

Growth in PEO and insurance solutions and higher interest on clients' funds are anticipated to have benefited PAYX's first-quarter fiscal 2025 revenues.

Investors looking for stocks in the Outsourcing sector might want to consider either Barrett Business Services (BBSI) or Paychex (PAYX). But which of these two stocks offers value investors a better bang for their buck right now?

Paychex has a great business foundation with industry-leading margins, low capital requirements and a product with high switching costs. Revenue growth in the mid-to-high single digits seems sustainable. Despite rising customer retention, Paychex's customer satisfaction scores are worse than many rivals, threatening its competitive position.

Investors interested in stocks from the Outsourcing sector have probably already heard of Barrett Business Services (BBSI) and Paychex (PAYX). But which of these two stocks presents investors with the better value opportunity right now?

ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has earned recognition as a “Top HR Product of the Year” for Paychex Flex Perks, a curated digital marketplace for employee benefits. This is the fourth time a Paychex solution has been named to the Top HR Product of the Year list as part of this annual awards program, which is designed to showcase.

Hundreds of thousands of clients and millions of employees around the world depend on Paychex. The company exceeded the analyst consensus for both revenue and non-GAAP EPS in fiscal Q4. At a time when many businesses are carrying net debt balances, PAYX boasts a net cash balance.