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    After spending $1.2 billion on HR and benefits services provider Oasis Outsourcing last year, Paychex’s fiscal 2019 revenue jumped 12% to $3.8 billion. The stock, too, has surged—up about 30% over the past year—pushing the company’s market cap above $30 billion. Paychex has stayed focused on innovation, launching new products for niche markets, such as solo practitioners, and steadily adding functionality to its core platforms. There are potential risks on the horizon, though—including a contraction of the credit market, which could hurt the small businesses that make up much of Paychex’s customer base.

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    Company Information

    Overall Score1.4
    Sector
    Information Technology
    Industry
    IT Services
    CEO
    Martin Mucci
    Websitehttps://www.paychex.com
    HQ Location
    Rochester, N.Y.
    Country
    U.S.
    Revenues ($M) (Past 12 Months)$3,902
    Profits ($M) (Past 12 Months)$1,055
    Market Value as of Oct. 9, 2019 ($M)$29,745
    Employees15,600

    Refinitiv Sustainable Leadership Monitor