Tien-Tsin Huang
JPMorgan Chase & Co, Research Division

Running a little bit behind, but let's get moving on with program. Thanks, everybody, for joining here. My name is Tien-Tsin Huang. I follow the IT services and payments and processing group. And Paychex has always been one of the early names I've covered and watched it over a couple of decades here, so it always means a lot to me to have Paychex here to support the conference. So I got the whole team here. John Gibson, President and CEO, is here. Thank you for doing this fireside chat. I thought we'd kick it off.

Tien-Tsin Huang
JPMorgan Chase & Co, Research Division

I gathered a lot of questions, John, just to make this conversation as efficient as possible. I know you guys just announced an AI platform. We do want to talk about that. But just to get it out of the way to talk about the macro, if you don't mind. Sitting at Paychex, you see a lot of great data around SMEs and, of course, employment. What do you see? Where are you optimistic? Where is there potentially some room for caution? Thank you for being here.

John Gibson
President, CEO & Director

It's my pleasure. Thanks for having me. It's always great to see you. So it's crazy because I feel like a broken record. For the last few years, I think we've all worried about some sort of employment or some sort of economic challenge, particularly given the uncertainty that we've had. You go back to 1 year ago, this