Paychex's CEO Discusses Q3 2012 Results - Earnings Call Transcript

Paychex (PAYX)

Q3 2012 Earnings Call

March 29, 2012 10:30 am ET

Executives

Martin Mucci - Chief Executive Officer, President, Director and Chairman of Executive Committee

Efrain Rivera - Chief Financial Officer, Senior Vice President and Treasurer

Analysts

Jason Kupferberg - Jefferies & Company, Inc., Research Division

David Togut - Evercore Partners Inc., Research Division

Julio C. Quinteros - Goldman Sachs Group Inc., Research Division

Joseph D. Foresi - Janney Montgomery Scott LLC, Research Division

Kartik Mehta - Northcoast Research

Glenn Greene - Oppenheimer & Co. Inc., Research Division

Ashwin Shirvaikar - Citigroup Inc, Research Division

Gary E. Bisbee - Barclays Capital, Research Division

Timothy McHugh - William Blair & Company L.L.C., Research Division

James F. Kissane - Crédit Suisse AG, Research Division

David Grossman - Stifel, Nicolaus & Co., Inc., Research Division

James Macdonald - First Analysis Securities Corporation, Research Division

Bryan Keane - Deutsche Bank AG, Research Division

Sara Gubins - BofA Merrill Lynch, Research Division

Mark S. Marcon - Robert W. Baird & Co. Incorporated, Research Division

Tien-Tsin T. Huang - JP Morgan Chase & Co, Research Division

John T. Williams - UBS Investment Bank, Research Division

Rod Bourgeois - Sanford C. Bernstein & Co., LLC., Research Division

Presentation

Operator

Welcome, and thank you for standing by. [Operator Instructions] Today's conference is being recorded. [Operator Instructions]

Now I would like to turn the call over to your speaker, to President and CEO, Martin Mucci. Sir, you may begin.

Martin Mucci

Thank you, Tanya. Good morning, and thank you for joining us for our Third Quarter Fiscal 2012 Earnings Release Call. Joining me today is Efrain Rivera, our Chief Financial Officer. Efrain will review the financial results for the quarter and our guidance for the full year after my opening comments, and then we'll open it up for any of your questions.

Paychex has made good progress in many areas during the third quarter. We continue to focus on our strategy as the leading provider of payroll human resource and benefit outsourcing to America's businesses. We are driving growth in revenue and profits while providing industry-leading service and products to our clients and their employees.

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