Paychex CEO: Paycor acquisition was all about growth

In an interview on CNBC’s Mad Money, John Gibson said the Paycor (PYCR) acquisition extends Paychex’s (PAYX) total addressable market by about $10B. Paychex has the capability to serve any size client, he added. He does not see any signs of recession at this point. People are “a little frozen” at the moment, he noted, and need more clarity regarding tariffs.