Automatic Data Processing (ADP) Reports In-Line Q1 EPS, Offers FY12 Updated Guidance

October 26, 2011 7:36 AM EDT
Automatic Data Processing (NASDAQ: ADP) reported Q1 EPS of $0.61, in-line with the analyst estimate of $0.61. Revenue for the quarter came in at $2.5 billion versus the consensus estimate of $2.44 billion.

For FY12, management sees total revenue growing by 7-9 percent and EPS rising by 8-10 percent.

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