Paychex exceeds Q4 consensus, sees FY2023 EPS growth outlook above consensus
Paychex press release (NASDAQ:PAYX): FQ4 Non-GAAP EPS of $0.81  beats by $0.02.
Revenue of $1.14B (+10.7% Y/Y)  beats by $30M.

FY2023 Outlook: Total revenue is anticipated to grow in the range of 7% to 8% vs. consensus growth of +7.5%; Adjusted operating margin is anticipated to be in the range of 40% to 41%; Adjusted EBITDA margin is anticipated to be approximately 44%; Other expense, net is anticipated to be in the range of $5M to $10M; The effective income tax rate for fiscal 2023 is anticipated to be in the range of 24% to 25%; Adjusted diluted earnings per share is anticipated to grow in the range of 9% to 10% vs. consensus growth of 8.5%.