| Business Summary | | Paychex,
Inc.
is
a
national
provider
of
payroll,
human
resource,
and
employee
benefit
outsourcing
solutions
for
small-
to
medium-sized
businesses.
Paychex's
Payroll
segment
is
a
national
payroll
processing
and
payroll
tax
preparation
service
provided
to
351,900
small-
to
medium-sized
business
within
the
United
States.
This
segment
is
engaged
in
the
preparation
of
payroll
checks,
internal
accounting
records,
annual
W-2
forms,
federal,
state,
and
local
tax
returns,
new
hire
reporting,
and
the
collection
and
remittance
of
payroll
obligations
for
its
clients.
The
HRS-PEO
segment
provides
human
resource
products
and
services
through
its
HRS
division,
either
on
an
a-la-carte
basis
or
bundled
through
the
Paychex
Adminstrative
Services
product.
These
products
and
services
can
also
be
provided
through
a
co-employer
relationship
with
Paychex
Business
Solutions,
Inc.
(PBS),
a
subsidiary
of
Paychex,
which
operates
as
a
Professional
Employer
Organization
(PEO). | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Paychex,
Inc.
provides
payroll
processing,
human
resource,
and
benefits
outsourcing
solutions
for
small-to
medium-sized
businesses.
PAYX
offers
comprehensive
payroll
services
including
direct
deposit
and
check
signing.
For
the
fiscal
year
ended
5/31/01,
total
revenues
rose
19%
to
$869.9
million.
Net
income
rose
34%
to
$254.9
million.
Revenues
reflect
the
addition
of
new
clients
and
price
increases.
Earnings
reflect
continued
leveraging
of
the
operating
expense
base. | More
from
Market Guide: Significant
Developments |
| | | | FY2001
Compensation | | Pay | Exer | |
| B. Thomas Golisano, 58 Chairman,
Pres, CEO | $942K | -- | John Morphy, 54 CFO,
VP-Fin., Sec. | 386K | $2.4M | Walter Turek, 49 VP,
Sales | 415K | -- | Diane Rambo, 50 VP
of HR | 340K | 3.1M | Daniel Canzano, 47 VP,
Information Technology | 350K | 4.3M | Dollar
amounts are as of 31-May-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|