Meanwhile, CEO Martin Mucci said the company will continue international expansion, following on the quarter’s purchase of Denmark-based Lessor Group, which provides HR services.

Paychex reported net income of $260.4 million for the most recently ended period, a 29-percent increase from $202.5 million the prior year. Revenue reached $866.5 million, compared to $795.8 million in last year’s corresponding period. The factor in the rise in net earnings was one-time benefits from the Tax Cuts and Jobs Act. Tax expense dropped 67percent to $34.4 million from $105.3 million.