Core Insights - Revenue growth of 20% was driven by the successful integration of Paycor and an acceleration in organic performance, particularly within the PEO and Management Solutions segments [1] Revenue and Growth - The PEO business achieved high-single-digit worksite employee growth, significantly outpacing the industry by leveraging scale to provide Fortune 500-level benefits to small businesses [1] - Paycor integration has reaccelerated bookings and broker referrals to pre-acquisition levels, with significant momentum in cross-selling retirement and ASO solutions to the enterprise base [1] Margin and Productivity - Management attributed margin expansion of 80 basis points to increased productivity and cost discipline, even while scaling investments in generative AI capabilities [1] Technology and Innovation - The 'agent swarm' AI architecture is transitioning the company from providing simple insights to deploying proactive agents that automate complex payroll and compliance workflows [1] - Strategic positioning as an 'expert-enabled' technology provider differentiates the firm from tech-only competitors by serving as a comprehensive HR department for clients [1] Market Demand - The tight labor market continues to drive demand for advisory services as clients prioritize talent attraction and retention through sophisticated benefit offerings like Paychex Perks [1]