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Paychex Inc Corporate Call - COVID-19 Business Update Webcast Transcript
Ladies and gentlemen, thank you for standing by, and welcome to the Paychex COVID-19 business update call. (Operator Instructions)
It is now my pleasure to turn the call over to Martin Mucci to begin. Please go ahead, sir.
Thank you, and thank you for joining us today as we gather to discuss the COVID-19 pandemic business update. Joining me today on the call is Efrain Rivera, our Chief Financial Officer. And I will begin the call with an overview of our response to COVID-19 with respect to our employees, clients and communities. Efrain will then update you on our expectations for the fiscal year, May 31, 2020, and then we'll open it up for your questions.
When we had our earnings call back on March 25, we were in the very early stages of a national response to COVID-19. At that time, we provided our initial thoughts on the impact to our business, much has changed since then, as we all know. The speed and severity of the impact on the economy over the past 2 months is unprecedented,
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