Provider of payroll, HR, and benefits outsourcing, Paychex (PAYX) is going to release earnings for their fourth quarter before the bell on July 1st. According to estimates by Reuters, Paychex is expected to have earnings of 44 cents a share, showing a 10 percent increase from the company’s 40 cents from the year ago period. Paychex has been seeing large growth over the past five years due to growth in its two largest segments: payroll and human resources services. In addition to saving costs by outsourcing some of the human resources services segment, investments in technology via their new mobile apps and recent Paychex flex introduction are providing sources of future growth.
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