ADP (ADP) Tops Q2 EPS by 9c, Offers FY Outlook

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Go back to ADP (ADP) Tops Q2 EPS by 9c, Offers FY Outlook

ADP Reports Second Quarter Fiscal 2018 Results

January 31, 2018 7:00 AM EST

Revenues increased 8% to $3.2 billion for the quarter, 7% organic; raising fiscal 2018 revenue growth outlook to 7% to 8%Worldwide new business bookings increased 6% for the quarter, maintaining 5% to 7% increase in fiscal 2018Diluted earnings per share declined 7% to $1.05 for the quarter, adjusted diluted earnings per share increased 14% to $0.99 Raising fiscal 2018 diluted earnings per share growth outlook to 8% to 9% and adjusted diluted earnings per share growth outlook to 12% to 13%In January 2018, ADP acquired WorkMarket, a leader in cloud-based freelance management

ROSELAND, N.J., Jan. 31, 2018 (GLOBE NEWSWIRE) -- ADP® (Nasdaq:... More