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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Automatic Data Processing Inc | NASDAQ:ADP | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -3.27 | -1.33% | 243.0697 | 184.09 | 243.95 | 246.71 | 242.96 | 244.10 | 1,555,490 | 05:00:01 |
From Apr 2021 to Apr 2024
By Stephanie Lai
Automatic Data Processing Inc. on Wednesday raised its full-year revenue and adjusted earnings guidance, citing momentum in bookings.
The Roseland, N.J.-based human resources management software company said it expects revenue growth of 9% to 10% for the year, up from its previously issued guidance of 8% to 9%. ADP reported full-year 2021 revenue of $15 billion.
The company said it expects full-year adjusted earnings growth of 15% to 17%, up from 12% to 14% previously.
"Our new guidance anticipates solid revenue and bookings growth and improved profitability supported by growth in pays-per-control, further gains in sales productivity, and a continued disciplined approach to expenses," Chief Financial Officer Kathleen Winters said.
The company on Wednesday reported adjusted earnings of $2.21 a share on revenue of $4.51 billion for its third quarter.
Write to Stephanie Lai at stephanie.lai@wsj.com
(END) Dow Jones Newswires
April 27, 2022 09:26 ET (13:26 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year Automatic Data Processing Chart |
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