ADP Surpasses Earnings Expectations, Touts 7% Increase In Employer Services Revenue
Portfolio Pulse from Anusuya Lahiri
Automatic Data Processing, Inc. (NASDAQ: ADP) reported better-than-expected fiscal Q4 2024 earnings, with revenues of $4.77 billion and adjusted EPS of $2.09. Employer Services revenue increased by 7%, and PEO Services revenue grew by 6%. The company also provided a positive FY25 outlook.
July 31, 2024 | 2:30 pm
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ADP reported strong fiscal Q4 2024 results, surpassing analyst expectations with $4.77 billion in revenue and $2.09 adjusted EPS. Employer Services revenue increased by 7%, and the company provided a positive FY25 outlook.
ADP's strong earnings report, with revenue and EPS surpassing expectations, along with a positive outlook for FY25, is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100