Paychex Inc Q1 2024 Earnings Call Summary - Thomson StreetEvents

Paychex Inc Q1 2024 Earnings Call Summary

Paychex Inc Q1 2024 Earnings Call Summary - Thomson StreetEvents
Paychex Inc Q1 2024 Earnings Call Summary
Published Sep 27, 2023
Published Sep 27, 2023
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About This Report

  
Abstract:

Edited Brief of PAYX.OQ earnings conference call or presentation 27-Sep-23 1:30pm GMT

  
Report Type:

Brief

Source:
Company:
Paychex Inc
Ticker
PAYX.OQ
Time
1:30pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Ashish Sabadra - RBC Capital Markets, Research Division - Analyst : Bob and Efrain, congrats to both of you. Just on my question, I wanted to better understand the raising of the guidance and confidence in the back half. Is that both on management solution as well as CEO? Any color on that front?


Question: Ashish Sabadra - RBC Capital Markets, Research Division - Analyst : That's great color. And maybe if I can just ask a quick follow-up question on the commentary on the PEO side on the improved insurance attach rate. Obviously, last quarter, you also talked about a leaner product. And I was wondering if that's driving better adoption or you're seeing just better -- or stronger demand for insurance products?


Question: Eugene M. Simuni - MoffettNathanson LLC - Analyst : Congratulations, Efrain and Bob. Efrain, we'll miss working with you. Bob, look forward to working with you. Just have two quick follow-ups. One, tying together your comments on sales and current, can you comment how that's together to client growth trends this year so far? Last year was a bit below your historical target range. And I think you commented last quarter that this year, you're looking for reacceleration in client growth kind of above 2% a year. So can you comment on how it's going so far?


Question: Eugene M. Simuni - MoffettNathanson LLC - Analyst : Got it. Okay. And then -- and now the follow-up is on the PEO and the question there is, in your PEO customer base in terms of kind of checks per control, are you seeing any trends that are different from your overall base whether better or worse employment growth? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. SEPTEMBER 27, 2023 / 1:30PM, PAYX.OQ - Q1 2024 Paychex Inc Earnings Call

Table Of Contents

Paychex Inc Q4 2024 Earnings Call Summary – 2024-06-26 – US$ 54.00 – Edited Brief of PAYX.OQ earnings conference call or presentation 26-Jun-24 1:30pm GMT

Paychex Inc Q4 2024 Earnings Call Transcript – 2024-06-26 – US$ 54.00 – Edited Transcript of PAYX.OQ earnings conference call or presentation 26-Jun-24 1:30pm GMT

Paychex Inc Q3 2024 Earnings Call Summary – 2024-04-02 – US$ 54.00 – Edited Brief of PAYX.OQ earnings conference call or presentation 2-Apr-24 1:30pm GMT

Paychex Inc Q3 2024 Earnings Call Transcript – 2024-04-02 – US$ 54.00 – Edited Transcript of PAYX.OQ earnings conference call or presentation 2-Apr-24 1:30pm GMT

Paychex Inc Q1 2024 Earnings Call Transcript – 2023-09-27 – US$ 54.00 – Edited Transcript of PAYX.OQ earnings conference call or presentation 27-Sep-23 1:30pm GMT

Paychex Inc Q4 2023 Earnings Call Summary – 2023-06-29 – US$ 54.00 – Edited Brief of PAYX.OQ earnings conference call or presentation 29-Jun-23 1:30pm GMT

Paychex Inc Q4 2023 Earnings Call Transcript – 2023-06-29 – US$ 54.00 – Edited Transcript of PAYX.OQ earnings conference call or presentation 29-Jun-23 1:30pm GMT

Paychex Inc Q3 2023 Earnings Call Summary – 2023-03-29 – US$ 54.00 – Edited Brief of PAYX.OQ earnings conference call or presentation 29-Mar-23 1:30pm GMT

Paychex Inc Q3 2023 Earnings Call Transcript – 2023-03-29 – US$ 54.00 – Edited Transcript of PAYX.OQ earnings conference call or presentation 29-Mar-23 1:30pm GMT

Paychex Inc Q2 2023 Earnings Call Summary – 2022-12-22 – US$ 54.00 – Edited Brief of PAYX.OQ earnings conference call or presentation 22-Dec-22 2:30pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "Paychex Inc Q1 2024 Earnings Call Summary" Sep 27, 2023. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2024-Paychex-Inc-Earnings-Call-B15742338>
  
APA:
Thomson StreetEvents. (2023). Paychex Inc Q1 2024 Earnings Call Summary Sep 27, 2023. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2024-Paychex-Inc-Earnings-Call-B15742338>
  
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