Paychex
From Wikipedia, the free encyclopedia
| Paychex, Inc. | |
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| Type | Public (NASDAQ: PAYX) |
| Founded | 1971 by B. Thomas Golisano |
| Headquarters | Rochester, New York, USA |
| Area served | Continental U.S. and Germany |
| Key people | B. Thomas Golisano, Chairman Jonathan J. Judge, President and CEO John M. Morphy, CFO[1] |
| Industry | Business Process Outsourcing |
| Services | payroll services, tax filing and tax credit services, 401(k) and employee benefits, insurance solutions, HR administration and compliance, time and labor solutions, Paychex Premier(R) Human Resources, Paychex Business Solutions – a Professional Employer Organization (PEO) |
| Revenue | US $1.9 billion (2007)[1] |
| Net income | US $515.4 million (2007)[1] |
| Employees | 11,500[2] |
| Website | http://www.paychex.com/ |
Paychex, Inc. NASDAQ: PAYX is a national provider of payroll outsourcing for small business. Although Paychex attempts to meet the needs of larger businesses with its Major Market Services, its core client is the small company. Paychex, founded in 1971, is headquartered in Rochester, N.Y., and today has more than 100 locations around the United States, serving clients nationwide. In FY 2007, Paychex generated nearly $1.9 billion in service revenue, and employed more than 8,800 persons. The founder, chairman and former CEO is Tom Golisano. The president and current CEO is Jon Judge.
