Martin Mucci | President and CEO |
Efrain Rivera | CFO |
Ramsey El-Assal | Barclays |
Jim Schneider | Goldman Sachs |
Jason Kupferberg | Bank of America |
James Berkley | Wolfe Research |
Brian Keane | Deutsche Bank |
Jeff Silber | BMO Capital Markets |
Kartik Mehta | Northcoast Research |
David Grossman | Stifel |
Lisa Ellis | MoffettNathanson |
Kevin McVeigh | Credit Suisse |
Tien-tsin Huang | JPMorgan |
Samad Samana | Jefferies |
Mark Marcon | Baird |
Steven Wald | Morgan Stanley |
Ladies and gentlemen, thank you for standing by and welcome to the Paychex Fourth Quarter and Fiscal Year 2019 Earnings Conference Call. At this time, all participants have been placed in a listen-only mode and the floor will be open for your questions following the presentation. [Operator Instructions]
It is now my pleasure to turn the floor over to Martin Mucci, President and Chief Executive Officer to begin.
Great, thank you and thank you for joining us for our discussion of the Paychex fourth quarter fiscal 2019 earnings release.