Paychex CEO on Earnings

Thursday, 29 Mar 2012 | 7:17 PM ET
Paychex CEO: Sales Up for First Time in Two Years
Martin Mucci, Paychex president & CEO, discusses his company's prospects and what would happen if the Supreme Court actually overturned Obamacare. Sales are up for the first time in two years, he says.

If you want to get a good read on the employment situation in the U.S., look at Paychex, “Mad Money” host Jim Cramer said Thursday.

Paychex reported an in-line quarter Thursday morning and reaffirmed its guidance for the rest of the year. Plus its key metric—checks per payroll—improved for the eighth straight quarter.

Cramer likes the payroll management company because its 4 percent yield pays you to wait. Plus, any pickup in hiring would be great news for Paychex. It will also be a winner if the Supreme Court overturns President Obama’s health care law, he said.

To find out more about the quarter and where the company is headed, Cramer sat down with CEO Marty Mucci. Watch the video to see the full interview.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

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