Paychex meets Q4 revenue estimates with 4.7% growth, surpasses EPS estimates

From StockStory.org doesn’t appear to be associated with a specific media company.: 2024-12-19 08:39:16

Paychex (NASDAQ:PAYX) reported Q4 CY2024 revenue of $1.32 billion, meeting analyst expectations with a 4.7% year-on-year growth. Adjusted EPS of $1.14 beat estimates by 1.5%. The company’s operating margin remained at 40.9% and free cash flow margin decreased to 18.8%. President John Gibson highlighted a 5% revenue increase for the quarter. Paychex offers payroll and HR software solutions, with a focus on cost savings and usability. Sales growth has been weak at 7.4% annually, and future revenue growth is expected to decelerate to 5.5%. Cash flow margin is strong at 29.2% but decreased in Q4. The stock traded up 3.8% post-results.



Read more at StockStory.org doesn’t appear to be associated with a specific media company.: Paychex (NASDAQ:PAYX) Posts Q4 Sales In Line With Estimates