Paychex has released quarterly numbers that top Wall Street analyst estimates for both profits and revenue.
For the company's fiscal second quarter, Paychex saw earnings of $173 million. That was up 9 percent from this time last year, and earnings per share of 47-cents beat Wall Street estimates by a penny.
Total revenues of $676 million were up 10 percent over last year, and that number also beat the analysts' estimates.
CEO Marty Mucci says the quarter reflected strong demand for the company's suite of human resource services, while revenue from payroll services is also increasing.
Paychex is also releasing guidance about future earnings that is unchanged from guidance the company provided in June.
