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<item><link>http://www.alacrastore.com/storecontent/ccbn/B1866792</link><guid isPermaLink="false">ccbn/B1866792</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><description>...Operating income, net of certain items including interest on funds held for clients, increased ##% to just under $###m representing ##% of service revenues. ...

</description><pubDate>6/27/2008 2:06:00 PM</pubDate><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">Paychex</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Edited</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Q4 2008 Paychex Earnings Conference Call Summary</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">PAYX</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">11:00am ET</ccbn:time><title>Q4 2008 Paychex Earnings Conference Call Summary</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Brief</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">B1866792</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson Street Events</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T1866792</link><guid isPermaLink="false">ccbn/T1866792</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><description>...Welcome and thank you for standing by. (OPERATOR INSTRUCTIONS). I'd like to inform all parties that the call is being recorded; if there are any objections to disconnect at this time. I'd like to turn the call over to your host today, Mr. John Morphy, Senior Vice President and Chief Financial Officer of Paychex. Sir, you may begin. ...

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</description><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Brief</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">B1701171</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson Street Events</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T1701171</link><guid isPermaLink="false">ccbn/T1701171</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><pubDate>12/31/2007 5:21:00 PM</pubDate><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">Paychex</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Q2 2008 Paychex Earnings Conference Call Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">PAYX</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">10:30am ET</ccbn:time><title>Q2 2008 Paychex Earnings Conference Call Transcript</title><description>...Welcome and thank you for standing by. At this time all participants are in a listen-only mode. During the question-and-answer session, (OPERATOR INSTRUCTIONS). Today's call is being recorded. If you have any objection, you may disconnect at this time. I would now like to turn the call over to Mr. John Morphy, Senior Vice President and Chief Financial Officer for Paychex. Sir, you may begin. ...

</description><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T1701171</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson Street Events</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/B1637619</link><guid isPermaLink="false">ccbn/B1637619</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><pubDate>9/27/2007 1:06:00 PM</pubDate><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">Paychex</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Edited</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Q1 2008 Paychex Earnings Conference Call Summary</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">PAYX</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">10:30am ET</ccbn:time><title>Q1 2008 Paychex Earnings Conference Call Summary</title><description>...Have not seen anything definitive with respect to new business starts, bankruptcies, or checks per client that would indicate there has been any significant change in economic conditions inside the businesses that PAYX serves. ...

</description><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Brief</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">B1637619</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson Street Events</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T1637619</link><guid isPermaLink="false">ccbn/T1637619</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><pubDate>9/27/2007 12:07:00 PM</pubDate><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">Paychex</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Q1 2008 Paychex Earnings Conference Call Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">PAYX</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">10:30am ET</ccbn:time><title>Q1 2008 Paychex Earnings Conference Call Transcript</title><description>...Good morning and thank you for standing by. All parties will be able to listen only until the Q&amp;A portion of today's conference. (OPERATOR INSTRUCTIONS). Today's conference call is being recorded. If anyone has any objections, you may disconnect at ...

</description><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T1637619</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson Street Events</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/srp/25072</link><guid isPermaLink="false">srp/25072</guid><srp:index_mode xmlns:srp="http://www.alacra.com/srp">norm</srp:index_mode><description>...Address:### Panorama Trail South, Rochester, New York #####-#### Incorporated:DelawareWeb Site: www.paychex.comSIC Classification: Accounting, Auditing, and Bookkeeping Services (####) Business Description: Paychex, Inc. is a leading, national provider of comprehensive payroll and integrated human resource and employee benefit outsourcing solutions for small- to medium-sized businesses. Indices:Nasdaq ###, Russell ####, Russell ####, S&amp;P ### ...

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