Martin Mucci, President and Chief Executive Officer, commented, “The second quarter marked solid progress across our major human capital management product lines. In particular, our administrative services organization, retirement services, and time and attendance solutions performed well. We continued to experience strong demand for our professional employer organization (“PEO”) services and recently announced our agreement to acquire Oasis Outsourcing Group Holdings, L.P. (“Oasis”), the nation’s largest privately owned PEO and an industry leader in providing human resources (“HR”) outsourcing services. This acquisition will significantly advance Paychex’s leadership position in HR outsourcing and reinforces Paychex’s commitment to meet the HR technology and advisory needs of our clients and their employees.”
Mucci added, “The workplace environment is changing for many reasons, primarily due to advancements in technology coupled with an increasingly tight labor market. We continue to deliver the tools and insights necessary for our clients to succeed today and in the future. Recent enhancements to Paychex Flex® simplify the complexity of finding and retaining talent, optimize HR and overall business performance, and remove obstacles that stand in the way of our client’s productivity.”
Paychex, Inc. Reports Second Quarter Results | Business Wire
