By Dhirendra Tripathi

Investing.com – Paychex stock (NASDAQ:) rose 5% Wednesday after strong hiring among its clients took its second-quarter revenue and earnings past estimates. The company also saw a 13% increase in revenue year-over-year, to $1.1billion. Each client earned the company more revenue. The adjusted profit per share increased 25% to 91cs.

The HR solutions company also saw growth momentum during the third quarter ending November 30, which prompted it to increase its annual guidance. Now, the total revenue is forecast to increase by 10%-11% compared to the September forecast of 8%. The June forecast had a revenue growth of 7%. The adjusted operating margin was around 39.5 percent, which is a 1 percentage point improvement over the previous revision.

“Results were driven by growth in employees within our client base and continued strong sales growth and client retention,” Chairman and Chief Executive Officer Martin Mucci said in a release.

Mucci indicated that the market for talent management services, such as HR advice and package packages to meet their needs continues to grow. Mucci said that the automated tool was recently launched by the company to allow businesses to store and track employee vaccine statuses and to communicate on an ongoing basis with employees. This is an example of how they are adapting to today’s “complicated” environment.