Paychex GAAP EPS of $0.99 beats by $0.02, revenue of $1.19B beats by $10M
Paychex press release (NASDAQ:PAYX): Q2 GAAP EPS of $0.99  beats by $0.02.
Revenue of $1.19B (+7.37% Y/Y) beats by $10M.

FY2023 Outlook: Total revenue is now anticipated to grow approximately 8% vs. consensus growth of 7.81% and prior view of 7% to 8%; Management Solutions revenue is now anticipated to grow in the range of 7% to 8%; PEO and Insurance Solutions revenue is now anticipated to grow in the range of 5% to 7%; Interest on funds held for clients is now expected to be in the range of $100M to $110M; Other income is now anticipated to be in the range of $5M to $10M; Adjusted diluted earnings per share is now anticipated to grow in the range of 12% to 14% vs. consensus growth of 10.84%.

Editors note: The original post erroneously reported total service revenue of $1.17B.