ADP (ADP) Tops Q3 EPS by 8c

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Go back to ADP (ADP) Tops Q3 EPS by 8c

ADP Reports Third Quarter Fiscal 2018 Results

May 2, 2018 7:00 AM EDT

Revenues increased 8% to $3.7 billion for the quarter, 6% organic constant currency; maintaining fiscal 2018 revenue growth outlook at 7% to 8%Worldwide new business bookings increased 9% for the quarter; increasing forecast to 6% to 7% growth in fiscal 2018Raising fiscal 2018 diluted earnings per share growth outlook to 11% to 12% and adjusted diluted earnings per share growth outlook to 16% to 17%Completed migrations of mid-market clients to latest version of Workforce NowRaised quarterly cash dividend 10%, representing a return to shareholders of a portion of the benefits from the Tax Cuts and Jobs Act of December 2017

ROSELAND, N.J., May 02, 2018 (GLOBE... More