Paychex, Inc. (NASDAQ: PAYX) reported first quarter 2021 earnings results today.
Total revenue fell 6% year-over-year to $932.2 million.
GAAP net income decreased 20% to $211.6 million while EPS fell 19% to $0.59 per share. Adjusted net incomedropped 11% to $228 million, or $0.63 per share.
For fiscal year 2021, total revenue is anticipated to decline 2-4% while adjusted EPS is expected to decline 6-8%.
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