Paychex reported net income of $147.9 million for the second quarter, an increase of 5.3 percent from $140.4 million in last year's corresponding period. Total revenue was $569.4 million a 4.3-percent rise from $545.7 million a year earlier. Payroll service revenue reached $377 million, up 1.4 percent from $371.7 million. The company said revenue for its online SurePayroll business was up by double digits, but it did not provide specifics. Key measures were up with checks per payroll rising 1.2 percent over a year ago, although was down from a 1.8-percent increase reported in these second quarter of 2012.
Mucci said growth accelerated in the second quarter and that the other measures, the client base and client retention also grew, with the latter near historic highs. Meanwhile, sales force turnover decreased.